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
People's Bank of China (PBOC) Deputy Governor Lu Lei 27 February 2025 2
Source: Forex Live