China recapitalises six major commercial banks to address capital constraints and support economic growth.

China plans to boost tier-1 capital for six major commercial banks to enhance their management and support high-quality growth amid capital constraints. This marks the first recapitalization in over a decade, addressing challenges like low profit margins and rising bad debts. The initiative is part of a wider stimulus strategy, which includes lowering reserve requirements and interest rates, to strengthen the banking sector and stimulate economic growth.