China to issue Rmb500bn of special treasury bonds to support Tier 1 capital at four large banks | FinanceAsia

China’s Ministry of Finance has stated that it’s readying to issue the primary batch of special treasury bonds price up to Rmb500 billion ($68.9 billion), to support the Financial institution of China (BOC), China Development Financial institution (CCB), Financial institution of Communications (BoCom), and the Postal Financial savings Financial institution of China, by replenishing their core Tier 1 capital.

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