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Review: Banks refinancing plans

07-30-2010 08:49 BJT

As recently as February this year, China's fifth biggest lender, Bank of Communication's announced its 42-billion-yuan refinancing plan through a rights issue of A and H shares.

Two months later in April, China Construction Bank unveiled a similar plan of 75 billion yuan. And another big lender, Bank of China said in early July that it would raise 60 billion yuan through a rights issue of A and H shares, plus 40 billion in A-share convertible bonds.

All the four banks' refinancing plans add up to an astronautical 287 billion yuan.

Editor:Xiong Qu |Source: CNTV.CN

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