China to pump $54bn into state banks and insurers to boost economy - BBC News

It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.

Image source, Getty ImagesByPeter HoskinsBusiness reporterPublished7 September 2026, 03:26 BSTChina is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country's financial system and boost its slowing economy.

The cash injection, which is being led by China's finance ministry, will total 360 billion yuan ($53.6bn; £39.7bn), state news agency Xinhua said on Sunday.

The outlet said the move "will help further enhance their sound operating capabilities, risk resistance capabilities, and ability to serve the real economy".

It marks the latest move in Beijing's attempts to reinvigorate the world's second largest economy as it faces issues including trade tensions with the West, the impact of the Iran war and an aging population.

The package will boost the finances of three big lenders and five insurers including the Industrial and Commercial Bank of China, the Agricultural Bank of China and China Export & Credit Insurance Corporation.