BEIJING: China’s Cobid-19 (coronavirus) outbreak has been met with a wide-ranging response from policy makers seeking to cushion the economy, support financial markets and bolster investor confidence.
COUNTERING CORONAVIRUS: China’s central bank and regulators across the foreign exchange, securities, banking and insurance sectors issued more than 30 supportive measures to counter the impact of the coronavirus outbreak.
Allow some insurers to raise their investment in equities from existing capPermit some share-pledge contracts to be extended by as long as six monthsOpen"green channels” for issuing bonds related to fighting the outbreak.LIQUIDITY: The People’s Bank of China adds a net 150 billion yuan to money markets. The total injection announced is 1.2 trillion yuan, the largest single-day addition of its kind in data going back to 2004.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China: Universal Studios Beijing to open to public as scheduled in 2021BEIJING: The Universal Studios Beijing is expected to open to public in May 2021 as scheduled despite the current Cobid-19 (coronavirus) outbreak, an official at the Beijing municipal government told a news briefing on Sunday (Feb 16).
Read more »
New China virus cases drop for third day as toll passes 1,600BEIJING: The number of new cases from China's coronavirus epidemic dropped for a third consecutive day on Sunday (Feb 16), as the World Health Organisation chief warned it was 'impossible' to predict how the outbreak would develop.
Read more »
'Every scenario on the table' in China virus outbreak: WHOThe latest data provided by China on people infected with coronavirus indicates a decline in new cases but…
Read more »
China arrests activist who criticised Xi over virus, says rights group | The Malaysian InsightAmnesty International says the Chinese government has not been distracted from its campaign to silence dissent.
Read more »
Yoursay: US spied on others and yet accuses China of doing the sameYOURSAY | 'No wonder the US is so scared of Huawei.'
Read more »
China virus death toll passes 1,800More than 72,300 people infected but new cases have been slowing. FMTNews
Read more »