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Eight Chinese state-owned insurance companies and banks said on Sunday they would raise up to a combined $54 billion from shareholders, led by the Ministry of Finance, to bolster their capital.Among them, five state insurers said they would receive up to 70 billion yuan ($10.4 billion) from the fin…
China’s finance ministry will lead a coordinated $54 billion capital injection into state-owned insurers and banks to bolster capital across the financial system, the companies said.