China to inject $43.9b into major State banks

Capital boost to help expand lending, strengthen support for real economy

China will roll out a fresh round of capital injections into its largest State-owned commercial banks through the issuance of special treasury bonds, a move set to significantly boost their lending capacity and strengthen support for the real economy.

According to the Ministry of Finance, auctions for five-year and seven-year special treasury bonds — used to inject capital into central financial institutions — are scheduled for May 22 and June 12, marking the launch of a second round of targeted capital replenishment for major State lenders.