PBoC Dep Gov says issuance of special treasury bonds to help major state-owned banks

The People’s Bank of China (PBOC) Deputy Governor Lu Lei has indicated that the bank should actively facilitate fundraising, including the issuance of special treasury bonds, to help major state-owned banks replenish their Common Equity Tier 1 (CET1) capital.

• strengthening capital reserves would enhance banks’ ability to manage risks and support the real economy
• the PBOC should advance reforms in policy and development banking
• funding directed towards tech and manufacturing industries

This article was written by Eamonn Sheridan at www.forexlive.com.