China Boosts Financial Sector with $54 Billion Capital Infusion

China's government is injecting 360 billion yuan ($54 billion) into its major state-owned banks and insurers. This capital aims to strengthen the financial sector, support economic growth, and enhance stability amid sluggish growth and weak loan demand. The funding, primarily via special treasury bonds from the Ministry of Finance, is intended to improve capital ratios and stimulate lending and stock market investment.