PBOC to further support epidemic-hit businesses, says official

PBOC to further support epidemic-hit businesses, negative impact temporary, says official

China's central bank will continue to support businesses affected by the coronavirus epidemic, including channeling structural monetary tools and releasing more liquidity, said vice governor of the bank.

The People's Bank of China (PBOC) will strengthen its counter-cyclical adjustments and enhance the use of re-lending and rediscount to lower financing costs for companies, Liu Guoqiang, the vice governor, told the Financial News in an interview on Wednesday.