China Citic Bank to Raise $6 Billion After Rapid Asset Expansion

  • Citic Bank’s core Tier-1 ratio fell to 8.89 percent as of June
  • Lender’s balance-sheet expansion ‘unsustainable’: analyst

China Citic Bank Corp. plans to raise as much as 40 billion yuan ($6 billion) by selling bonds convertible into yuan-denominated shares after an expansion in assets that one analyst describes as “unsustainable.”

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