China's Ministry of Finance said it will issue 300 billion yuan of special
treasury bonds in the near term to support eight central financial firms in
replenishing core Tier‑1 capital: Industrial and Commercial Bank of China,
Agricultural Bank of China, China Exim Bank, Sinosure, PICC, China Life, China
Taiping and China Re. The operation will be carried out on market‑based,
rule‑of‑law principles, the ministry said, noting the eight firms currently
report steady operations, stable asset quality and regulatory metrics within a
safe range. The bond‑backed injections are intended to strengthen their
solvency, risk‑absorption capacity and ability to serve the real economy,
support high‑quality development and underpin stable economic growth; for listed
central financial firms, the ministry added, the support should help generate
greater investor value and deliver long‑term stable returns.
