The Chinese central bank (People Bank Of China) will intervene in the area affected by the corona virus. According to statements issued on Saturday, monetary instruments are used to help companies.

PBOC makes 300 billion yuan, equivalent to almost 39 billion euros, available to banks in order to be able to provide money to companies in order to maintain liquidity. Loans to companies affected by the virus may not be withdrawn. Small businesses in particular must be spared, says the PBOC.

The central bank also advocates that banks lower interest rates on loans to affected companies. Companies are also given more time by the regulators before they have to present their figures for 2019 and the first quarter of 2020.

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