Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Central bank arranges services for quake survivors
Adjust font size:

The People's Bank of China (PBOC), the central bank, said Wednesday quake survivors who had lost both their identity cards and bankbooks could withdraw a maximum of 5,000 yuan ($714.3) at the temporary facilities of local commercial banks.

The bank urged its branches in the quake zone to consult the local authorities for a list of the dead and missing, and it ordered commercial banks to freeze those accounts.

It also ordered commercial banks to help the beneficiaries of such accounts to complete relevant procedures after they had produced evidence of their status.

Automatic teller machines and point of sale terminals, the two main interfaces for long-distance financial data transmission, would be installed at banks and shops in temporary resettlement zones and people would not be charged service fees, it said.

The PBOC also said it would open temporary deposit accounts for relief teams from the army and the armed police.

Chinese banks have been told to help quake victims and relief work by lifting credit lines, extending loan maturities and quickly writing off overdue loans in the quake zone.

The PBOC earlier added 7 billion yuan to the re-lending quotas for financial institutions in quake-hit regions, in an effort to increase lenders' liquidity and support their credit supply to quake relief and reconstruction work.

(Xinhua News Agency May 29, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Central bank provides US$216m more for quake area
- Bank offers cut-price loans for earthquake reconstruction
- Central bank plans preferential policies for disaster areas
Most Viewed >>
- China's emerging influence: threats for the EU?
- Auto China 2008 staged in Beijing
- South Korean company to buy into Sinopec project
- Energy, agricultural goods supply must be ensured
- Speed daters launch China service
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?