Category BoCom

HSBC Holdings reported a 26% and 29% slip in its first-half and YoY pretax profits, respectively, as bad debts in China continued to pile up.

China plans to start re-capitalizing some of its biggest banks in the coming months with at least $55 billion in new capital.

China is on the verge of injecting nearly $142.4B (1 trillion yuan) to increase its biggest state bank’s capacity to support its nose-diving econom...