Following recent government commitments to support the national economy, four major state-owned Chinese banks have announced plans to raise a total of 520 billion yuan (approximately 71.60 billion dollars) via private placements. This initiative comes on the heels of earlier government pledges to recapitalize large state banks with 500 billion yuan, aimed at enhancing their ability to fuel the real economy. In an environment marked by global uncertainties and domestic challenges, this move underscores the Chinese authorities’ strategy to reinforce the financial system while safeguarding long-term economic growth.

China Construction Bank has taken another significant step toward enhancing its financial technology landscape through the internal adoption of the DeepSeek R1 model. Earlier this year, the bank successfully completed a private deployment of a large-scale financial model based on DeepSeek R1, marking a pivotal milestone in its ongoing digital transformation. This achievement was highlighted by CEO Zhang Yi during the year-end press conference, where he emphasized the project's role in streamlining internal processes and boosting overall system efficiency.