China's Top Banks Launch $8.3 Billion Bond Sale to Boost Capital Reserves Two of China’s largest state-owned banks, Industrial & Commercial Bank of China Ltd. and Bank of China Ltd., are initiating the sale of 60 billion yuan ($8.3 billion) in total loss-absorbing capacity (TLAC) bonds this week. This move is part of a broader strategy to bolster capital reserves and enhance their ability to support economic growth, in line with global banking requirements set for 2025. This issuance is also aligned with Beijing’s objectives to facilitate credit supply and reduce funding costs for businesses, even as it pressures the banks’ already tight profit margins. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Could Derail Gold’s Bull Run? One Analyst Says Japan READ MORE Gold bar scammers bilk nearly $1M from Maryland woman, police say READ MORE Inflation Shows Signs of Cooling Off, But Concerns Remain High READ MORE Powell's Friday Jackson Hole Address: Decoding the Fed's Next Move READ MORE 78% of Americans Living Paycheck to Paycheck in 2024, Study Reveals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment