Beijing injects $54 bln into financial sector as bank recap continues
Beijing is injecting another $54 bln into the financial sector to support the economy and offset pressure on bank credit growth and shareholder payouts.
Beijing is injecting another $54 bln into the financial sector. It is aiming to support the economy, though forcing banks to lend when demand is weak remains difficult. Credit growth has slowed since last year’s larger lifeline, even if the latest move at least eases the pressure of keeping shareholder payouts intact.