China’s big bank shares mixed after $72bn capital injection unveiled

HONG KONG — Shares of China’s top state banks were mixed on Monday after four of them announced plans the day before to raise a combined 520 billion yuan ($71.7 billion) by issuing new shares amid a broad market sell-off.

The four banks — China Construction Bank, Bank of China, Bank of Communications and Postal Savings Bank of China — all opened higher on mainland exchanges. The stocks temporarily wobbled, with BoCom slipping into negative territory, but they were all up later in the morning.