China injects $53.6bn into state banks and insurers via MoF recapitalization

China's Ministry of Finance is injecting $53.6bn into three major state lenders and five insurers, a capital boost aimed at shoring up balance sheets amid economic slowdown. The move signals state support for the financial sector but raises questions about asset quality and the effectiveness of such measures. This is a continuation of China's pattern of state-led recapitalizations, though the scale is notable.