HONG KONG -- Shares of China's top state banks were mixed on Monday after four of them announced plans the day before to raise a combined 520 billion yuan ($71.7 billion) by issuing new shares amid a broad market sell-off.
Finance
China's big bank shares mixed after $72bn capital injection unveiled
Finance ministry says funding will help institutions be 'main force' for economy
A view of Shanghai's financial district. China's Ministry of Finance says the announced capital injection will help the four state-owned banks to "further strengthen their capacity for sound operations." © Reuters
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