China Relaxes Capital Replenishment Rules for Non-Listed Banks

China’s banking and insurance regulator said Friday that it has relaxed rules to help country’s non-listed banks replenish capital. The regulator will allow most city commercial banks and rural commercial banks that meet regulatory requirements to issue preferred shares to replenish tier-1 capital, according to a statement by the China Banking and Insurance Regulatory Commission (CBIRC). Source: Reuters

Suggested Opportunity

Dynacor Group Inc. (TSX: DNG)

Dynacor Group Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its government licensed ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise.

China News Financial Service

China Relaxes Capital Replenishment Rules for Non-Listed Banks

Suggested Opportunity

Dynacor Group Inc. (TSX: DNG)

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