BEIJING – China’s Finance Ministry will inject a combined US$54 billion (S$68 billion) into state-owned insurers and banks in a coordinated push by Beijing to shore up capital across its financial system. China Life Insurance (Group) Co, the country’s largest life insurer, will receive 35 billion y»»»

BEIJING, Sept. 6 (Xinhua) -- Eight central financial enterprises, including the Industrial and Commercial Bank of China (ICBC), on Sunday unveiled plans to replenish capital, with the funds to strengthen their core Tier 1 capital. The eight enterprises are set to raise or receive a combined 360 bil»»»

In a major boost for recapitalization across State-owned institutions in China's financial sector, eight institutions unveiled fundraising and capital injection plans on Sunday totaling up to 360 billion yuan ($53.6 billion), as policymakers sought to strengthen the financial system's capacity to s»»»

China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial institutions said they were due to receive billions of yuan in capital from state institutions including the ministry of finance»»»