Party Secretary and Director of the National Financial Regulatory Administration Li Yunze: Leveraging social funds to supplement bank capital

The 2026 Government Work Report explicitly states: “Plan to issue 300 billion yuan of special treasury bonds to support state-owned large commercial banks in capital replenishment.” This deployment marks the official launch of the second round of capital replenishment plans for state-owned large banks, following the initial injection of 500 billion yuan of special treasury bonds into major state-owned banks in 2025. Regarding “how to increase bank capital replenishment through multiple channels,” Li Yunze, Secretary of the Party Committee and Director of the State Financial Regulatory Administration, responded at the two sessions on March 6. Li Yunze said that, in addition to the central government issuing special treasury bonds, more social funds can be mobilized through market-based methods. He further stated, “Insurance funds and others can also be studied and explored.” This indicates that, in the future, under the guidance of market mechanisms, more long-term and institutional funds are expected to participate in the capital replenishment of state-owned large banks, gradually forming a diversified and sustainable capital support system. (21 Finance)