EconomyChina rolls out US$54 billion package to bolster insurers and banks
China has launched a roughly 360 billion yuan (US$54 billion) capital-injection package for its biggest state-owned insurers and banks. Led by the Ministry of Finance, the move advances Beijing’s long-standing ambition to turn the country into a global financial powerhouse. China Life Insurance Company will receive 35 billion yuan to strengthen its position.
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South China Morning Post★★★★☆2026-09-06 14:00Original
China rolls out US$54 billion package to bolster insurers and banks
Economy