PBOC Makes First Use of New Tool Aimed at Boosting Bank Capital
An employee counts genuine Chinese one-hundred yuan banknotes at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

PBOC Makes First Use of New Tool Aimed at Boosting Bank Capital

(Bloomberg) -- China’s central bank announced the first of a new kind of market operation which aims to encourage financial institutions to issue perpetual bonds to boost their capital.
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