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China considers CNY1 trillion injections of capital into banks

FXStreetSep 26, 2024 3:30 AM

Bloomberg News and Reuters are carrying a story early Thursday, citing that China is mulling plans to inject capital worth CNY1 trillion ($142 billion) into top banks, in a further effort to shore up the economy.

Such a huge injection would be the first since the global financial crisis (GFC) in 2008.

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