CHINA China's banks offer over 537 bln yuan credit support for epidemic control

CHINA

China's banks offer over 537 bln yuan credit support for epidemic control

Xinhua

11:33, February 15, 2020

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BEIJING, Feb. 15 (Xinhua) -- China's banks had provided over 537 billion yuan (about 76.89 billion U.S. dollars) of credit support as of Friday noon to help companies restore production amid the fight against the novel coronavirus outbreak, a senior official with the China Banking and Insurance Regulatory Commission (CBIRC) said Saturday. 

Differentiated preferential financial credit supports have been offered to enterprises and the help for the areas hit hard by the novel coronavirus has been strengthened, Liang Tao, vice chairman of the CBIRC, said at a press conference.


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