China launches financial measures for industries hit by COVID outbreak
2022-04-19 10:18:12 source：CGTN
April 18, 2022
China is stepping up financial support with new measures for businesses and people affected by the recent COVID-19 outbreaks, according to a joint statement launched on Monday by the central bank and the foreign exchange regulator.
The 23 measures are designed to enhance financial services in three aspects: supporting entities affected by the epidemic, ensuring unimpeded flows in the economy, and promoting exports, according to the online statement by the People's Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE).
The central bank will guide financial institutions to expand lending and surrender profits reasonably to the real economy, the statement said.
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