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China to issue 300 billion yuan bonds
The Chinese Ministry of Finance has announced its plan to issue treasury bonds worth 300 billion yuan (approximately $44.25 billion) to support eight state-owned financial institutions directly managed by the central government. The goal is to strengthen their core capital. This move aims to enhance these institutions' capacity to face risks and sustain economic growth, amid plans to increase their capital by up to 360 billion yuan, including up to 260 billion yuan through the issuance of Class A shares. The institutions involved, including the Industrial and Commercial Bank of China and the Agricultural Bank of China, are among the largest financial companies in China. These investments are intended to support the economy and achieve stable, long-term returns.
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