INVESTMENT BANKING | Staff Reporter, China

China's largest banks raise billions to fund Belt and Road investments

China Construction Bank eyes raising at least $15b.

From Reuters: China's largest state-owned commercial banks are raising billions to fund investment under Beijing's "Belt and Road" drive, people close to the matter said, bolstering ambitions to revive Silk Road trade routes and internationalize the yuan. China Construction Bank Corp (CCB), the country's second-biggest bank by assets, has been conducting roadshows to raise at least 100 billion yuan ($15 billion) from onshore and offshore investors, the people said. Bank of China (BOC), the smallest of the country's "big four" lenders, aims to raise around 20 billion yuan, two of the people said.

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