At least seven banks have announced plans to issue up to 310 billion yuan (HK$391 billion) in preferred shares, 250 billion of which would be onshore. Photo: Edward Wong

Mainland banks’ preferred shares have appeal for analysts

Investors likely to dump common shares as Chinese banks offer preferred share haven, though Fitch warns of 'challenging' market

At least seven banks have announced plans to issue up to 310 billion yuan (HK$391 billion) in preferred shares, 250 billion of which would be onshore. Photo: Edward Wong
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