Official announcements from the Chinese government or state banks, major financial news outlets

China Considers $142 Billion (1 Trillion Yuan) Capital Injection into State Banks

Sep 26, 2024, 02:16 AM

China is considering injecting up to $142 billion of capital into its largest state banks, marking the first such move since the global financial crisis in 2008. The proposed injection, equivalent to 1 trillion yuan, aims to bolster the top banks' capacity and stimulate the struggling economy. This significant financial intervention underscores Beijing's efforts to stabilize its financial system amid ongoing economic challenges.