PANews
PANews|Sep 06, 2026 10:28
[Total Capital Increase of 360 Billion Yuan, 8 Central Financial Institutions to Supplement Capital] According to Xinhua News Agency, eight central financial enterprises—Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Export-Import Bank of China, China Export & Credit Insurance Corporation, People's Insurance Company of China (PICC), China Life Group, China Taiping, and China Reinsurance—have announced capital increase plans, totaling approximately 360 billion yuan. The funds will be used to supplement core Tier 1 capital and enhance their ability to serve the real economy. Among them, ICBC and ABC plan to issue A-shares to the Ministry of Finance, China National Tobacco Corporation, and related subsidiaries through targeted placements, aiming to raise no more than 100 billion yuan and 160 billion yuan, respectively. The Ministry of Finance plans to inject 30 billion yuan and 10 billion yuan into the Export-Import Bank of China and China Export & Credit Insurance Corporation, respectively. PICC plans to issue A-shares to the Ministry of Finance through targeted placements to raise no more than 15 billion yuan. Additionally, the Ministry of Finance plans to inject 35 billion yuan and 7 billion yuan into China Life Group and China Taiping, respectively, and subscribe to 3 billion yuan worth of domestic shares in China Reinsurance in cash.
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