BEIJING, March 12 (Xinhua) -- Chinese city commercial banks and private banks have provided credit support of 298.299 billion yuan in total as of Tuesday noon in an effort to support the prevention and control of the novel coronavirus pneumonia epidemic and help enterprises restore production, according to latest data released by the China Banking Association recently.
At present, 134 city commercial banks and 18 private banks across China have all unveiled their specific financial measures to boost production resumption amid the outbreak, according to the association.
With enterprises’ growing demand for funds and the gradual restoration of production, Chinese banks’ credit offerings began to rebound rapidly.
At the same time, commercial banks have actively adjusted their loan structures and reinforced credit support for small- and micro- enterprises.
It is learned that since February, many banks have step up efforts to float financial bonds for small and micro-enterprises to help them reduce financing cost. (Edited by Yang Yifan, yangyifan@xinhua.org)
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