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China to pump $54 billion into state banks, insurers in capital-boosting push reut.rs/4zYXgIu
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War & Geopolitics
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Reuters
China to pump $54 billion into state banks, insurers in capital-boosting push reut.rs/4zYXgIu
Investing.com Stocks
China to inject $54 billion into state banks and insurers
Guardian Business
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Beijing wants banks and insurers to bolster investment in the stock market as it helps to replenish cash reserves China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial institutions said they were due to receive billions of yuan in capital from state institutions including the ministry of finance and even the company that runs the country’s tobacco monopoly. Continue reading...
Bloomberg
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China is injecting billions into its largest banks and insurers to shore up balance sheets and sustain growth in a slowing economy. Bloomberg's Sunny Bangia explains. (Source: Bloomberg)