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CHINA PRESS
CHINA PRESS: Several Chinese banks say they will cut lending interest rates for
small and medium-sized enterprises (SMEs) severely affected by the Coronavirus
epidemic, according to China Securities Journal. The report says the banks will
also take other credit support measures to reduce funding pressure on SMEs.
Bohan Bank will lower lending interest rates by 0.5 percentage point for SMEs in
Hubei province, while CITIC Bank's Wuhan branch will also cut 0.5 pp from the
interest rate for SME and personal business loans, the newspaper said. 

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