Chinese policy bank lends over 20 bln yuan for epidemic control
0 Comment(s)
Print
E-mail Xinhua, February 11, 2020
The China Development Bank (CDB), one of the country's major policy banks, has granted emergency loans worth 20.4 billion yuan (about 2.92 billion U.S. dollars) amid the novel coronavirus pneumonia (NCP) outbreak, data as of Monday showed.
The loans were mainly offered to enterprises in the manufacturing and purchasing of NCP prevention and control supplies, daily necessities and constructors of the two makeshift hospitals in Wuhan, the epicenter of the epidemic, according to the CDB.
The CDB has also set up an emergency financing service mechanism, which fulfills the financial demands of key enterprises related to the epidemic control within 24 hours.
Meanwhile, small and micro enterprises in virus-hit Hubei Province can enjoy a lower loan interest rate, said the CDB.
Chinese health authorities said Monday that 3,062 new confirmed cases of novel coronavirus infection and 97 deaths were reported Sunday.
Go to Forum >>0 Comment(s)