Lenders to get more tools for financing

China will support innovation of financial instruments to further expand channels for capital replenishment at commercial banks, looking to ease lenders' capital pressure and improve their ability to serve the real economy.

The country's financial regulators and the central bank jointly announced the decision on Monday in a notice posted on the website of the China Banking Regulatory Commission.

Regulators said they will improve the supporting rules to create favorable conditions for banks to replenish capital via instruments including non-fixed-term bonds and convertible tier 2 bonds.