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

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.