B · Normal
[The Ministry of Finance actively supports relevant central financial enterprises to replenish core tier one capital] September 7th, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the Ministry of Finance will issue 300 billion yuan of special treasury bonds in the near future to actively support Industrial and Commercial Bank of China Co., Ltd., Agricultural Bank of China Co., Ltd., China Export-Import Bank, China Export and Credit Insurance Corporation, China People's Insurance Group Co., Ltd., China Life Insurance (Group) Company, China Taiping Insurance Group Co., Ltd., China Reinsurance (Group) Co., Ltd. to replenish core tier one capital. This capital replenishment work will be steadily promoted in accordance with the principles of marketization and rule of law.
At present, the above-mentioned eight central financial enterprises are operating steadily and developing, their asset quality is stable, their main regulatory indicators are running smoothly, and they are within a safe and healthy range. The issuance of special treasury bonds to support relevant central financial enterprises to replenish core tier-1 capital will help further consolidate and improve their ability to operate steadily, resist risks and serve the real economy, promote high-quality development of enterprises, and provide more solid support for the stable and healthy development of the national economy. For listed central financial enterprises among them, supporting them to replenish core tier one capital will also help create greater value for investors and bring long-term stable returns.
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