Free Trial

The People's Bank of China will take an.......>

CHINA
CHINA: The People's Bank of China will take an array of measures to ramp up
liquidity when financial markets open on Feb. 3, including extending CNY300
billion low-cost special refinancing funding to local banks affected by the new
coronavirus epidemic, Deputy Governor Pan Gongsheng said in an interview on
Saturday with the bank's newspaper the Financial News. The central bank will
also increase financing supports, "appropriately" cut lending rates and increase
credit loans and medium- and long-term financing to help businesses overcome the
impact of the virus outbreak, Pan said according to the newspaper.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.