China's Financial Regulator Greenlights Ping An Bank's Mammoth Capital Raise

China's financial regulator has approved Ping An Bank Co Ltd to issue 80 billion yuan ($11.01 billion) of capital instruments. This move signifies a substantial boost in the bank's capital. The approval also highlights regulatory support for major financial institutions in China.

China's Financial Regulator:

* APPROVES PING AN BANK CO LTD TO ISSUE 80 BILLION YUAN ($11.01 billion) OF CAPITAL INSTRUMENTS

Source text Further company coverage: ($1 = 7.2678 Chinese yuan renminbi)