Bank of China Raises 100 Bln Yuan in 2010

(Beijing) - Hong Kong and Shanghai-listed Bank of China has met its 2010 refinancing target plan following the issuance of 40 billion yuan of convertible bonds and 60 billion yuan of A-shares and H-shares.

Four large banks had to raise a total of 264.4 billion yuan in 2010 after they went on a lending spree in 2009 to support the government's stimulus package, adopted after the onslaught of the global financial crisis.