Global Market: China state insurers, banks to raise up to $54 billion to bolster capital
By
, ETMarkets.com
Synopsis
China’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financial stability. The recapitalisation comes as tighter solvency rules and falling bond yields pressure insurers, while Beijing encourages greater equity investments. Analysts expect a measured, rather than aggressive, increase.
