China targets epidemic-hit areas with stimulus, easier rules

The central bank will use open market operations, the standing lending facility and other tools to ensure interbank liquidity is sufficient to keep money market rates stable, the People’s Bank of China said in a joint statement with other ministries and financial regulators on Saturday.

BEIJING: China’s central bank and other regulators announced a slew of targeted measures aimed at helping companies, banks and individuals hurt by the viral pneumonia outbreak.

The central bank will use open market operations, the standing lending facility and other tools to ensure interbank liquidity is sufficient to keep money market rates stable, the People’s Bank of China said in a joint statement with other ministries and financial regulators on Saturday.