The 500 billion yuan special government bonds have been fully allocated to the four major banks, and the fundraising for the four major banks' private placement has been successfully completed.

On the evening of June 23, China Construction Bank Corporation announced that it has successfully issued A-shares to specific recipients, with the Ministry of Finance as the subscriber, raising a total of 105 billion yuan. After deducting the related issuance costs, all funds will be used to supplement the core tier 1 capital of China Construction Bank Corporation. With the completion of the more than 100 billion yuan private placement for China Construction Bank Corporation, the 500 billion yuan special government bond allocation to the four major state-owned banks has been fully received. Previously, on June 13 and 17, Bank Of Communications, Bank Of China, and Postal Savings Bank Of China respectively announced the completion of their more than 100 billion yuan private placements, raising 120 billion yuan, 165 billion yuan, and 130 billion yuan respectively. The Ministry of Finance subscribed 112.42 billion yuan, 165 billion yuan, and 117.58 billion yuan, totaling an investment of 500 billion yuan, with the funding source being the special government bonds allocated by Central Financial Institutions.