China unveils $50 billion recapitalization plan for banks and insurers, splitting analysts
Beijing unveiled a 360 billion yuan recapitalization package—about $50 billion—to bolster China’s banks and insurers, including ICBC, Agricultural Bank of China, Life Insurance and Taiping, to sustain lending and strengthen resilience as growth slows. The move constitutes a major, multi-sector boost aimed at stabilizing credit and the real economy amid real estate stress and global uncertainty.
Finance · 8 sources · Sep 9, 2026Read itThe journal
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About Agricultural Bank of China
The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese largely state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China, and the second largest bank in the world by total assets, behind the Industrial and Commercial Bank of China. ABC was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
Everything about Agricultural Bank of China →- Country
- People's Republic of China
- Headquarters
- Beijing
- Inception
- 1951
- Website
- https://www.abchina.com, https://www.abchina.com/en/