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CN Reportedly Mulling Special Govt Bond Issuance to Inject RMB200B into Leading Insurers; Announcement Possibly as Early as 1Q
2026-01-30 15:24:56 China is considering issuing special government bonds worth hundreds of billions of RMB to restructure the capital of some large insurers and strengthen industry leaders that have been facing consolidation pressures, Bloomberg reported, citing informed sources. One source disclosed that this issuance will raise around RMB200 billion (about USD29 billion) for insurers' capital supplementation. The funds raised will be injected into state-owned enterprises like CHINA LIFE (02628.HK), PICC GROUP (01339.HK), and CHINA TAIPING (00966.HK). It is understood that the plan could be announced as early as 1Q26. The Chinese government is also planning to inject RMB300 billion into ICBC (01398.HK) and ABC (01288.HK), a move that will continue last year's similar bond issuance to help large state-owned banks like BANK OF CHINA (03988.HK) and BANKCOMM (03328.HK) supplement their capital. ~ AAStocks Financial News Web Site: www.aastocks.com | |