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
This article was written by Eamonn Sheridan at www.forexlive.com.
