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Chinese banks under pressure to raise cash next year: source

From ca.reuters.com

China's listed banks are expected to raise over 100 billion yuan ($15.78 billion) through equity financing next year as they face pressure to replenish capital due to rapid loan growth and tighter regulation, the China Securities Journal reported on Tuesday. Citing analysts, the official paper said banks facing such pressure included Agricultural Bank of China, Industrial Bank Co Ltd and Bank of Communications. Banks are also expected tap the debt market for funding, it said. The bulk of the expected equity financing would be funded by government shareholders, the paper said. Listed banks raised more than 270 billion ... (full story)

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