The Digital Source For China's Tech Innovation Since 2000

China pulls in Big Tobacco to help with smaller

image

By Anniek Bao@in/anniek-bao-460a48107/@anniekbyx,

1 hours ago

A host of state lenders and insurers will get a combined 360 billion yuan ($53.6 billion) from state institutions, led by the Ministry of Finance and the country’s tobacco giant. It is the first time that Beijing has extended recapitalisation to insurers, as stress in China’s financial system spreads…

Other China Tech Buzz: