The Ministry of Finance will issue special government bonds to support eight central financial enterprises in replenishing their capital.
The Ministry of Finance will issue 300 billion yuan of special government bonds in the near future to support eight central financial enterprises in replenishing their core tier one capital.
Xinhua News Agency, Beijing, September 6 (Reporter Shen Cheng) On September 6, it was learned that the Ministry of Finance will soon issue 300 billion yuan in special national bonds to support eight central financial enterprises in replenishing their core tier one capital.
On the same day, the Industrial and Commercial Bank of China, Agricultural Bank of China, Export-Import Bank of China, China Export & Credit Insurance Corporation, The People's Insurance Company of China, China Life Insurance Group, China Taiping Insurance Group, and China Reinsurance Group announced their capital increase plans.
Industry insiders stated that the Ministry of Finance's capital increase for these eight central financial enterprises is a proactive arrangement that anticipates future needs. It aims to support the high-quality development of central financial enterprises and contribute to the stable and sustainable growth of the macro economy.
This article is reproduced from "Xinhua News Agency," edited by Xu Wenqiang.
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