Beijing, 7 September 2026 – China is directing a combined US$54 billion of new capital into state-owned banks and insurers, reinforcing the financial system as policymakers rely on public institutions to support lending, market stability and economic growth. The package spans major commercial banks, policy lending and insurance groups, with much of the funding intended to strengthen core capital and solvency.
Three state lenders will receive a combined 290 billion yuan. Agricultural Bank of China plans to raise as much as 160 billion yuan and Industrial and Commercial Bank of China up to 100 billion yuan through private placements of A-shares to the finance ministry, China National Tobacco Corporation and its subsidiaries. The Export-Import Bank of China will receive a 30 billion yuan capital injection.
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