Various financial institutions in Guangxi Zhuang autonomous region have issued corresponding measures to effectively support enterprises resuming work and production, as well as to fully protect the economy amid the novel coronavirus epidemic outbreak.

To date, financial institutions in the region have cumulatively issued 7 billion yuan ($1.1 billion) in loans to 1,928 enterprises contributing to the prevention and control of the epidemic, as well as issued 76 billion yuan in loans to small, medium, and micro enterprises, addressing the urgent need for the resumption of business and further highlighting the role of finance in supporting stable economic growth.

Multiple institutions have also optimized financial services. As of Feb 28, Guangxi has opened a total of 207 bank accounts for epidemic prevention-related units, processed 48.75 million transactions in online payment business, as well as handled 38 foreign exchange transactions of epidemic prevention materials, amounting to 62.68 million yuan.

A press conference is held on Feb 29 to introduce Guangxi's financial measures for supporting enterprises resume work. [Photo/gxnews.com.cn]

In addition, the Nanning branch of the People's Bank of China (PBOC) has extended the repayment date and adjusted or withdrawn 2,010 bad records for diagnosed and suspected patients of novel coronavirus pneumonia, quarantined person, and people who have been participating in the prevention and control of the epidemic.

The Nanning branch of PBOC has also issued 10 measures to promote special loans to help small, medium, and micro enterprises, as well as individual households resume work, including delaying loan repayment, ensuring the continuity and renewal of existing loans, as well as increasing new loans.