The Ministry of Finance will issue 300 billion yuan of special treasury bonds in the near future to support eight central financial enterprises to supplement their core Tier 1 capital. On the same day, eight central financial companies, including ICBC, Agricultural Bank, Export-Import Bank, China Credit Insurance, China Insurance, China Life Insurance Group, China Taiping, and China Reinsurance, each announced capital increase plans. Industry insiders said that the Ministry of Finance's capital increase for eight central financial enterprises is a “plan ahead” arrangement. It is an initiative to support the high-quality development of central financial enterprises and help the macroeconomy to move steadily and far-reaching.

The Ministry of Finance will issue 300 billion yuan of special treasury bonds in the near future to support eight central financial enterprises to supplement their core Tier 1 capital. On the same day, eight central financial companies, including ICBC, Agricultural Bank, Export-Import Bank, China Credit Insurance, China Insurance, China Life Insurance Group, China Taiping, and China Reinsurance, each announced capital increase plans. Industry insiders said that the Ministry of Finance's capital increase for eight central financial enterprises is a “plan ahead” arrangement. It is an initiative to support the high-quality development of central financial enterprises and help the macroeconomy to move steadily and far-reaching.