CMB seeks to raise $5.68 billion in rights issue

China Merchants Bank, the country's sixth-biggest bank by assets, outlines plan for an A-share and H-share rights issue to boost its capital buffers after a period of unsustainable loan growth.
The rights issue follows an unsustainable expansion of the bank’s balance sheet during the second quarter, say analysts.
The rights issue follows an unsustainable expansion of the bank’s balance sheet during the second quarter, say analysts.
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