WUHAN, April 19 (Xinhua) -- Hubei Province, hard hit by the novel coronavirus outbreak in central China, has poured 34 billion yuan (4.8 billion U.S. dollars) of loan to support operations of major companies in the province.
As of Wednesday, the loans, offered by 12 banks, had been distributed to 802 major companies, Wang Yuling, head of Wuhan Branch of the People's Bank of China, told a press conference on Saturday.
These companies are mainly engaged in the production, sales and transportation of important medical supplies and life necessities. A "green channel" was set up to facilitate the lending process, with preferential interests offered, said Wang.
Another 20 billion yuan will be earmarked for re-lending to further support the companies in the province, according to Wang. Enditem
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