China Injects $45 Billion into Banks and Insurers for Largest Recapitalization in Two Decades

China is injecting 300 billion yuan ($45 billion) into its largest banks and insurers in what is considered the nation’s biggest recapitalization in almost two decades. The move aims to strengthen the financial system and sustain lending as economic growth slows. The Ministry of Finance will issue special bonds to recapitalize eight financial institutions, including Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd., and People’s Insurance Company (Group) of China Ltd. China’s recapitalization effort adds to the 500 billion yuan of government injection since early 2025, as part of Beijing’s push to revitalize the economy. The…