62 Days
Source:
أخبار الصين
Source: أخبار الصين
62 Daysأخبار الصين
Source: أخبار الصين
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The Chinese Ministry of Finance announced the issuance of treasury bonds worth 300 billion yuan (approximately $44.25 billion) to support eight state-owned financial institutions and enhance their Tier 1 capital. The support includes government-owned banks such as the Industrial and Commercial Bank of China and the Agricultural Bank of China, as well as policy institutions like the Export-Import Bank and China Export & Credit Insurance Corporation, along with four state-owned insurance companies. The goal of this measure is to strengthen these institutions' capacity for expansion, improve their resilience to risks, and promote the stability of their performance to support China's economic growth. The plan is expected to raise up to 360 billion yuan through equity issuance, primarily by the two main banks. Strengthening Tier 1 capital is essential for mitigating financial risks, enabling banks to expand lending while maintaining prudent capital ratios, as part of broader efforts to improve financial stability and support the national economy.
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