BEIJING: China's finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.

AgBank and ICBC plan to raise 260 billion yuan ($39B) through A-share private placements to bolster core Tier 1 capital, with China's Ministry of

China's finance ministry is injecting over fifty billion dollars into state-owned financial institutions. This coordinated push aims to strengthen capital across the nation's…