On September 6, eight central financial companies including the Industrial and Commercial Bank of China each announced capital increase plans, which will supplement the core Tier 1 capital. According to statistics, the eight central financial enterprises plan to increase their capital by a total of 360 billion yuan, which will help further enhance their ability to operate steadily, withstand risks, and serve the real economy. On the same day, four other state-owned commercial insurance companies announced plans to increase their capital. China People's Insurance plans to issue A-shares to the Ministry of Finance to specific targets, and plans to raise no more than 15 billion yuan in capital. The Ministry of Finance injected 35 billion yuan and 7 billion yuan respectively into China Life Insurance Group and China Taiping. China Reinsurance plans to have the Ministry of Finance subscribe for domestic shares in cash, and plans to raise 3 billion yuan in capital.

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