LanFoan: Issuing special government bonds to support large state-owned commercial banks to replenish capital

On October 12, Minister of Finance Lan Foan said at a press conference of the State Council Information Office that since the beginning of this year, the financial department has adhered to a proactive fiscal policy to moderately strengthen and improve quality and efficiency. China's finance has sufficient resilience, and by taking comprehensive measures, it can achieve a balance of revenue and expenditure and meet the annual budget target. The Ministry of Finance will issue special treasury bonds to support large state-owned commercial banks to replenish capital.