BEIJING: Overseas banks on the Chinese mainland are stepping up targeted support to aid the prevention and control of Covid-19 through donations and financing measures.
Data from the China Banking Association showed that as of Wednesday (Feb 19), 30 overseas banks on the mainland had released loans of over 7.4 billion yuan (US$1.06bil) for hard-hit firms, with rates 0.5 percentage points to 0.75 percentage points lower.
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