$BTC Breaking!
360 billion yuan is here!
China’s 8 financial institutions collectively shore up capital💰
A major macro signal has arrived🤯
The figure this time is rather large
360 billion yuan
September 6
China’s 8 central financial enterprises simultaneously announced capital increase plans
The combined scale reached 360 billion yuan
The main purpose is to replenish core Tier 1 capital
In plain English, this is about adding a thicker safety cushion to the financial system
Why is this being done on such a large scale all of a sudden?
I think this is the key point
On the one hand
Adding capi