The state will provide
6 July 2010

The biggest banks need $57 billion in equity, but over 40 percent may come from the state. It will fund that by issuing bonds to wait for it Chinese banks. This bizarre alchemy will boost capital ratios, but for China’s financial system it looks like a step backwards.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.