China's Ministry of Finance will issue 300 billion yuan (about 44.7 billion U.S. dollars) in special treasury bonds to replenish the core tier-one capital of eight central financial enterprises, a move aimed at enhancing their capacity for sound operations, strengthening risk resilience and improving their ability to serve the real economy, according to statements released on Sunday.
The capital injection for the Industrial and Commercial Bank of China and the Agricultural Bank of China follows last year's capital infusion into four major state-owned commercial banks, the statements said.
The plan will also channel funds to two policy-backed institutions -- the Export-Import Bank of China and China Export and Credit Insurance Corporation -- to bolster their capacity to support key economic sectors and high-level opening-up.
In addition, four state-owned insurance groups, including the People's Insurance Company of China, China Life Insurance, China Taiping Insurance Group, and China Reinsurance Group, will receive fresh capital to improve their solvency margins and underwriting capacity.
China's finance ministry to inject capital into eight major central financial enterprises
Maintaining internal unity and external deterrence are two important means for Iran when facing its enemies, Iranian Parliament Speaker Mohammad Baqer Qalibaf said on Sunday.
He made the remarks at an open session of the legislative body in Tehran, stressing that the "era of proportionate responses" has come to an end, according to the Iranian parliament's ICANA news agency.
"The Americans must have understood that the era of proportionate responses has ended. Our strikes against the aggressor's bases in recent operations were only the beginning," Qalibaf said.
"The rules of the game have changed, and from now on, any aggression against Iran's interests and security will receive a faster, heavier, and more painful response," he added.
Israeli Prime Minister Benjamin Netanyahu on Sunday threatened Iran with a devastating response if it attacked Israel and said his government remained determined to bring down Tehran's leadership.
"If Iran makes a mistake and attacks us, it will suffer a blow it cannot even imagine," Netanyahu told ministers at a cabinet meeting ahead of the Jewish New Year.
Tensions escalated between Tehran and Washington recently after the United States carried out strikes against southern Iranian regions, and Iran launched retaliatory attacks on U.S. regional bases. The strikes were followed by naval confrontations between the two sides on Saturday.
On Feb. 28, Israel and the United States launched joint attacks on Tehran and other Iranian cities. Iran responded with waves of missile and drone attacks targeting Israel and U.S. bases and assets in the region, and tightened its grip on the Strait of Hormuz.
Iran, Israel threaten each other with more strikes if attacked
