BEIJING/HONG KONG (March 5): China said on Thursday that it would inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic risks, and boost financing for technology companies amid intensifying US rivalry. The report said Beijing would further replenish the capital at financial institutions and prudently dispose of non-performing assets in the sector. This follows a roughly US$72 billion recapitalisation last year aimed at boosting big state banks' core capital as they face lower profit margins and asset-quality strains. Beijing also plans to regulate competition among financial institutions and promote consolidation among small- and medium-sized local financial institutions, the report shows. Beijing also pledged to continue tackling "risks arising from real estate, local government debt and small and medium local financial institutions".

Source: The Edge Markets March 05, 2026 04:47 UTC