China to help with credit support for virus-hit companies
The regulator has pledged to provide more credit lines and simplify the credit approval process for such firms
31 January 2020 - 18:19
Beijing — Financial regulators in Guangdong province in southern China and in Beijing have unveiled detailed measures to support firms hit by the coronavirus outbreak amid worries about a sharper economic slowdown.
The banking and insurance regulator in Guangdong, China's export hub, has pledged to provide support for firms in retail, wholesale, catering, logistics, transportation and tourism sectors that have been hit by the outbreak...
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