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China to issue 300 bln yuan in special treasury bonds to boost capital of financial firms

China's Ministry of Finance said on Monday that it will soon issue 300 billion yuan (about 44.25 billion U.S. dollars) in special treasury bonds to support eight state-owned financial enterprises directly administered by the central government in replenishing their core Tier 1 capital. This move is expected to further strengthen these institutions' operational capacity, resilience to risks and ability to serve the real economy, providing stronger support for the country's steady and sound economic growth, according to a circular issued by the ministry. [...]