#eightchinesefinancialfirmsraise360byuan
🔴 China injects $54bn into banks and insurers to shore up lending amid weak growth
Beijing announced capital injections totaling 54 billion dollars into its
financial
sector through state institutions including the finance ministry and China National Tobacco Corp.
Insurance recipients: China Life Insurance will receive 35 billion yuan; China Taiping Insurance Group, 7 billion yuan; People's Insurance Company of China plans to raise up to 15 billion yuan through private A-share placement to the ministry of finance.
$XAN
$CFG
$DOOD
🔴 China injects $54bn into banks and insurers to shore up lending amid weak growth
Beijing announced capital injections totaling 54 billion dollars into its
financial
sector through state institutions including the finance ministry and China National Tobacco Corp.
Insurance recipients: China Life Insurance will receive 35 billion yuan; China Taiping Insurance Group, 7 billion yuan; People's Insurance Company of China plans to raise up to 15 billion yuan through private A-share placement to the ministry of finance.
$XAN
$CFG
$DOOD
