The PBOC will make good use of existing.......>

CHINA: The PBOC will make good use of existing financial support policies and

introduce new measures to offset the impact of the coronavirus epidemic, said

PBOC governor Yi Gang at an internal meeting on Monday. In comments reported on

the PBOC website, Yi said prudential monetary policy should be more flexible and

should prioritize the recovery of the real economy. As the next step, the PBOC

would support financial institutions to provide special credit lines for

industry sectors and private and small companies which have been most affected

by the epidemic. Other policies would support an increase in loan renewals and

appropriately reduce, or exempt loan interest for small firms, Yi said.