Beijing seeks 360 billion yuan capital injection for banks
China is bolstering mega banks and insurers with a massive capital injection to strengthen the financial sector and support economic growth. Eight of China’s biggest institutions seek 360 billion yuan.
China is bolstering its major banks and insurers with a 360 billion yuan capital injection aimed at strengthening the financial sector and supporting economic growth. Eight of China's largest financial institutions, including major commercial and policy banks, said over the weekend that they are seeking 360 billion yuan.