The four major banks raised a total of 520 billion yuan in funds through private placements, all of which have been received.

On June 23, according to China Construction Bank, the bank successfully issued A-share stocks to specific entities, with the Ministry of Finance being the issuing entity. The total amount raised was 105 billion yuan, and after deducting relevant issuing expenses, all of it will be used to supplement the core tier one capital of China Construction Bank. With this, the fundraising projects of the four major banks have all been completed. From the release of the private placement plan to the completion of fundraising, it took less than three months.