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 to deteriorating solvency at insurers. The recapitalisation was smaller in scale than markets had anticipated for these financial institutions. GUANGZHOU, CHINA – JULY 14: The exterior of an Agricultural Bank of China (ABC) branch building is seen on July 14, 2026, in Guangzhou, Guangdong Province, China. Cheng Xin | Getty Images…