On August 7, the National Financial Regulatory Administration issued an approval notice for PICC Life Insurance Co., Ltd., granting consent for the company to publicly issue perpetual capital bonds in the national interbank bond market. The total issuance amount is capped at 10 billion yuan (including 10 billion yuan).
This approval allows PICC Life to strengthen its capital base through the issuance of these perpetual bonds, a move that aligns with regulatory requirements for financial stability and risk management.
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