China Life Insurance Company.

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.