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Listed Banks Finding Difficult To Refinance

CHINA PRESS
MNI (Singapore)

No new refinancing projects of listed banks have passed the final review since the securities regulator announced new rules to control large amounts of refinancing and restrict listed companies which fall on debut or fall below net-asset value to refinance in August. However, market trading price lower than NAV has always been the norm for Chinese listed banks. Regulators should lower the threshold appropriately for banks with urgent needs for capital replenishment, industry insiders said. (Source: Yicai)

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