{"id":93983,"date":"2009-12-22T08:10:00","date_gmt":"2009-12-22T13:10:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/500-billion-yuan-boost-needed-for-chinese-banks-2009-12"},"modified":"2009-12-22T08:10:00","modified_gmt":"2009-12-22T13:10:00","slug":"chinese-banks-need-73-billion-to-recapitalize-after-year-of-insane-lending","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/93983","title":{"rendered":"Chinese Banks Need $73 Billion To Recapitalize After Year Of Insane Lending"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4afbfbd4000000000067f76f\" border=\"0\" alt=\"zhou china chinese\" \/><\/p>\n<p>China wanted a stimulus package in the form of frenzied lending and it got it. As we approach 2010, Chinese banks will need to re-up cash to meet capital requirements:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/english.cctv.com\/20091222\/102853.shtml\">CCTV<\/a>: Chinese banks will need to raise as much as 500 billion yuan ($73.2 billion) from the capital market next year to beef up their capital reserves after a lending boom this year, according to a Financial Times report Monday, citing Li Fuan, an official from the China Banking Regulatory Commission (CBRC).<\/p>\n<p>His comments were the first official acknowledgement of China&#8217;s banks needing to fundraise to replenish capital.<\/p>\n<p><a href=\"http:\/\/english.cctv.com\/20091222\/102853.shtml\">Read the rest of the story -&gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/500-billion-yuan-boost-needed-for-chinese-banks-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/albert-edwards-here-comes-a-trade-war-a-yuan-revaluation-and-a-stunning-chinese-trade-deficit-2009-11\">Albert Edwards: Here Comes A Trade War, A Yuan Revaluation, And A Stunning Chinese Trade Deficit<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/andy-xie-obama-is-wrong-a-yuan-repricing-wont-do-squat-2009-11\">Andy Xie: Obama Is Wrong, A Yuan Repricing Won&#8217;t Do Squat<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/bank-of-china-official-the-world-is-running-out-of-money-to-buy-us-debt-2009-12\">Bank Of China Official: The World Is Running Out Of Money To Buy US Debt<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/SDTgU-NHDcI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China wanted a stimulus package in the form of frenzied lending and it got it. As we approach 2010, Chinese banks will need to re-up cash to meet capital requirements: CCTV: Chinese banks will need to raise as much as 500 billion yuan ($73.2 billion) from the capital market next year to beef up their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-93983","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/93983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=93983"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/93983\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=93983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=93983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=93983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}