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China's banking sector will see more....>

CHINA PRESS
MNI (London)
CHINA PRESS: China's banking sector will see more mergers and acquisitions as
regional banks face a hard time replenishing capital with bad loans continuing
to rise through the Covid slump, according to Shanghai Securities News citing
Chang Liang, a managing director with Citic Securities. The paper also quoted an
unnamed source from a regional bank who hoped central government will loosen
restrictions for regional banks to go public, along with ones to allow companies
and public entities to invest in banks, measures helping troubled banks increase
the most needed Core-Tier One capital, all measures to help strengthen the
banking sector.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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