Financial regulators in Guangdong province in southern China, Chengdu and Beijin...
BEIJING/SHANGHAI - Financial regulators in Guangdong province in southern China, Chengdu and Beijing have unveiled detailed measures to support firms hit by the coronavirus outbreak amid worries about a sharper economic slowdown.
Banks and other financial institutions in Guangdong need to take measures such as delaying loan repayment deadlines and cutting interest rates to help firms, the regulator said in a statement. It also encouraged investors to rationally and objectively analyze the impact of epidemic and adhere to the concept of long-term value investing.
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