BEIJING: China is expected to inject funds into two other state-banks which missed out on an initial US$45bil bailout, but the timing depends on their progress in cutting bad loans, government economists and analysts said.
The government had endorsed a plan to pump up to US$130bil in foreign exchange reserves into the “Big Four” state-banks, including the US$45bil bailout announced last week to help the healthier Bank of China and China Construction Bank restructure into joint-stock banks and list shares, they said.