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Preliminary Consideration on Core T1 Capital Replenishment for CN Systemically Important Banks Underway: Report
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While the central government clearly utilized the issuance of special national bonds and other means to raise funds to supplement the core tier 1 capital of the six major state-owned banks, how to supplement the core tier 1 capital of other Chinese systemically important banks has also become an important issue for the financial management departments to consider. At present, the financial management departments have already given preliminary consideration to the ways to replenish the core tier 1 capital of other Chinese systemically important banks, with the general direction of adhering to the principles of marketization and the rule of law, so as to ultimately realize a long-term mechanism for market-based capital replenishment, according to 21st Century Business Herald. As of now, the People's Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) have not yet released the list of systemically important banks in China for 2024. AAStocks Financial News |
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