A perpetual bond is a fixed income security with no maturity date, and the principal will not be repaid. Photo: AP

China seeks to help banks replenish capital amid US trade war

  • Banks facing growing pressure to write off bad loans and heed government calls to aid struggling economy under increasingly stringent capital rules
  • Financial Stability and Development Committee under the State Council held meeting on Christmas Day
Topic |   China economy

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A perpetual bond is a fixed income security with no maturity date, and the principal will not be repaid. Photo: AP
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