China’s big four banks raise billions for Belt and Road deals

A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong's business Central district December 26, 2014. REUTERS/Tyrone Siu

China’s largest state-owned commercial banks are raising tens of billions of dollars to fund the country’s Belt and Road investment push, according to people familiar with the matter, bolstering Beijing’s ambitions as private capital pulls back.

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