Reported about 20 hours ago
China is set to inject at least 400 billion yuan (approximately $55 billion) into three major banks—Agricultural Bank of China, Bank of Communications, and Postal Savings Bank—as part of a plan to recapitalize and strengthen its banking system. This move follows a stimulus package aimed at revitalizing the struggling economy, with potential completion by June. The Ministry of Finance will issue special sovereign bonds to fund these capital injections, marking the first such effort since the 2008 financial crisis.
Source: YAHOO