BEIJING, March 3 (Xinhua) -- China's Ministry of Commerce (MOC) and the Chinese policy bank China Development Bank (CDB) recently co-issued a circular on providing financial support to high-quality projects and firms under the Belt and Road construction which have been affected by the novel coronavirus pneumonia outbreak.
Eligible projects and firms will receive support like low-cost financing, foreign exchange special working capital loan, reasonable repayment grace period, "green passage" for loans, and diversified local and foreign currency financing services, according to the circular.
It also clarifies that a MOC-led joint working mechanism will be set up to sort out a list of overseas projects and companies affected by the epidemic and with financing needs.
The list will be shared with CDB which will independently provide financing support to projects and firms on the list under the premise of legal compliance and controllable risks, said the circular. (Edited by Gu Shanshan, gushanshan.1987@163.com)
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