February 1, 2021  |  Banking

[Report] SPBs: a necessary expedient for bank recaps

China’s banks have been actively replenishing their capital for the last three years, a task made more urgent by the pandemic. The RMB 200 billion of special purpose bonds (SPBs) provincial governments have been allocated to help recapitalize their banks are a useful expedient to sustain credit growth and support bad loan disposals.

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