Markets continue to coil, with comments.......>

CHINA: Markets continue to coil, with comments from Chinese policymakers doing

the rounds via BBG.

- On the fiscal side, there has been a focus on tax measures, particularly on a

targeted basis i.e. that would support SMEs. Elsewhere, there was talk on

expanding the use of special bonds for key projects.

- On the monetary side, we heard from PBoC Deputy Gov. Chen. He noted that both

fiscal & monetary policy required to fight the Coronavirus outbreak. Chen also

noted that the Bank will keep liquidity reasonably ample & sufficient, and will

guide borrowing costs lower. This is similar to commentary from other

policymakers.

- Still on the lookout for the daily Hubei & national Coronavirus case counts.