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Macro Finance

AgBank, ICBC Plan Private Placements of Up to $38.7 Billion

Bloomberg Markets·September 6, 2026·1 min read

Agricultural Bank of China plans to raise up to 160 billion yuan ($23.8 billion), while ICBC targets 100 billion yuan in separate A-share private placements, according to Shanghai Stock Exchange filings. Combined, the two state banks seek up to $38.7 billion.

Read at Bloomberg Markets
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