China’s central bank is said to be injecting 500bn yuan ($81bn; £50bn) into the five biggest state-owned banks to counter slowing growth in the world’s second-largest economy.
The People’s Bank of China (PBOC) is reportedly giving each bank a $100bn low-interest loan over three months.
The move may be the first of several stimulus measures, analysts say.
It is aimed at lifting business confidence and investment following a string of weak economic data.
China’s economy showed more evidence of a slowdown with industrial production and foreign direct investment hitting multi-year lows in August.
The five lenders said to be receiving the stimulus are the Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and Bank of Communications.
The move was first reported by local Chinese news website Sina.com. Other media reports cited a government official and a senior Chinese banking executive.
Chinese banking shares traded in Hong Kong rose on the news.
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