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NAFR Li Yunze: CN Can Explore Use of Insurance Funds to Replenish Bank Capital
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Regarding how to enhance bank capital replenishment through multiple channels in mainland China, Li Yunze, Party Secretary and Minister of the National Administration of Financial Regulation (NAFR), responded at the Two Sessions that, apart from the central government's issuance of special national bonds, market-oriented approaches could also be explored to attract more social funds, such as insurance funds, according to 21st Century Business Herald. This implies that, in the future, under the guidance of market-based mechanisms, there could be an increase in the participation of long-term funds and institutional funds in the capital replenishment of state-owned banks, gradually forming a diversified and sustainable capital support system. AASTOCKS Financial News Website: www.aastocks.com |
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