On March 12, the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission, and the Foreign Exchange Bureau had jointly issued the "Opinions on Further Supporting the Innovation of Capital Instruments in Commercial Banks". The contents mainly include: actively expand the distribution channels of capital instruments, actively study the increase in the types of capital instruments, expand the investor group, and simplify the approval procedures for the issuance of capital instruments. Insiders pointed out that the main purpose of the "Opinions" was to ease the pressure on the capital in the banking sector.