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Bank of Communications takes measures to support small and micro businesses amid epidemic

February 17, 2020


Abstract : Beijing municipal branch of Bank of Communications has recently taken measures to support the small and micro businesses engaging in the prevention and control of the novel coronavirus pneumonia epidemic, according to the Beijing News.

BEIJING, Feb. 17 (Xinhua) -- Beijing municipal branch of Bank of Communications has recently taken measures to support the small and micro businesses engaging in the prevention and control of the novel coronavirus pneumonia epidemic, according to the Beijing News.

The measures include the establishment of green channel of loan approval and rapid financing services, reduction of loan interest rates, deferred repayment and online services.

For example, the bank has provided a full online loan approval service for SinoVision, China's pioneer in domestic CT imaging technology that is now ensuring the normal operations of CT equipment installed in hundreds of medical institutions during the epidemic.

In addition, the bank has provided Zhongtian Heng'an funding support at the lowest cost based on the existing preferential interest rate policy. Zhongtian Heng'an, an enterprise producing disinfection products during the epidemic, has an urgent financing need due to its increasing output.

During the Spring Festival, the bank has actively collected the information of those small and micro enterprises related to epidemic prevention and will continue to adjust the policy process to better support those enterprises with precision. (Edited by Gao Jingyan, gaojingyan@xinhua.org)

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Keyword: novel coronavirus pneumonia Bank of Communications small and micro business company amid epidemic

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