A · Important
[The Ministry of Finance will issue special treasury bonds to support 8 central financial enterprises to replenish capital] September 6th, the Ministry of Finance will issue 300 billion yuan of special treasury bonds in the near future to support 8 central financial enterprises to replenish core tier one capital. On the same day, eight central financial enterprises including Industrial and Commercial Bank of China, Agricultural Bank of China, Export-Import Bank of China, China Credit Insurance Corporation, PICC, China Life Group, China Taiping, and China Reinsurance respectively announced capital increase plans. Industry insiders said that the Ministry of Finance's capital increase in eight central financial enterprises is a forward-looking arrangement to "prepare for a rainy day" and is a proactive move to support the high-quality development of central financial enterprises and help the macroeconomic stability and long-term development.
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