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China's central bank supported a new action plan by G20 finance ministers and central bank governors to help small and medium-sized enterprises hit by the coronavirus pandemic, a statement said on Wednesday.
The assets of legal entities in Beijing's financial sector reached 148.63 trillion yuan ($21 trillion) by the end of 2018, accounting for half of the total assets of China's financial sector, official data showed.
China's big six State-owned banks turned in their 2019 performance data on Monday, with net profit topping 1.1 trillion yuan ($155.18 billion), The Paper reported.
An elderly patient who was photographed watching a sunset from his hospital bed with his doctor standing by his side in Wuhan sent off the Shanghai medics who treated him with a special violin performance.
To match the rapid trend of resuming work in Shanghai, the United Office Platform of Global Chambers (GCP) issued a preferential policy to provide foreign companies who join in the GCP before the end of March with two months of free co-working office space and amenities. Welcome to contact EAcham for more details.
Hubei province, with its large concentration of top cultural attractions and magnificent natural locations in Central China, has gradually reopened after two months of travel restrictions and a lockdown against COVID-19, as the area is now attracting a large number of local tourists.
The Chinese central bank cut the interest rate of seven-day reverse repurchase agreements to 2.2 percent from 2.4 percent on Monday, the biggest drop within five years, sending signals that top leaders are scaling up stimulus to avert further economic slowdown from the coronavirus pandemic.
Author: Producer Emilio Mendez
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