BIZCHINA

Listed banks may need 300b yuan in capital

China's 11 largest publicly-traded banks may need to raise about 300 billion yuan by selling shares and bonds to ensure they have adequate capital for credit growth, according to BNP Paribas.

Education Minister Yuan Guiren warned that China's record number of 6.3 million college graduates next year would pose "severe challenges" to the job market.

Profits of China's State-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said in Beijing on Friday.

China's Ministry of Commerce (MOC) said Friday it welcomed a decision by the European Union's anti-dumping committee to reject an extension of dumping duties on leather shoes from China.

China's central bank governor, Zhou Xiaochuan, has cautioned that low interest rates, especially deposit rates, would remove pressures that force financial institutions to finance the real economy.

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