STOCKS | China to Issue 300 Billion Yuan Special Treasury Bonds to Support Capital Boost for Eight Central Financial Firms

According to Jin10, China's Ministry of Finance will issue 300 billion yuan in special treasury bonds in the near term to support eight central financial firms in replenishing core tier-one capital. On the same day, Industrial and Commercial Bank of China, Agricultural Bank of China, Export-Import Bank of China, China Export & Credit Insurance Corporation, PICC Group, China Life Group, China Taiping, and China Reinsurance Group each announced capital increase plans.