China's banking and insurance regulator has called on financial institutions to take targeted and effective measures to help the freight logistics sector tide over difficulties.
The China Banking and Insurance Regulatory Commission said that more funds should be channeled to the sector.
More inclusive loans should go to small and micro firms and individual businesses in the transportation sector, it added.
Banking institutions should make reasonable arrangements for loan extension or renewal as appropriate if the truck drivers face difficulties in repaying their auto loans due to the COVID-19 epidemic, the regulator said.
The institutions should also lower loan interest rates and reduce charges appropriately on the basis of their operating conditions and the customers' repayment ability, said the commission.
Insurance companies were encouraged to develop accident insurance products that target the needs of special posts such as truck drivers and couriers, according to the regulator.
- China-Europe freight train route launched between China’s SCODA, Samarkand
- Construction site of e-commerce logistics zone project in China’s Guangxi
- China ready to work with Russia to support each other on issues concerning core interests: Xi
- China-Europe freight train services see robust growth in August
- China-Europe freight train from Turkmenistan arrives at China’s Xi’an
- Regulator expands use of HPV vaccine
Popular Videos
Hot comments
- First apes at U.S. zoo receive COVID-19 vaccine made for animals, zoo official says
- China Life: Chinese women shine with She Power
- Foreign firms approved to offer VPN services in capital
- Homemade curling videos trending in China
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Winners of 2022 Inaugural WLA Prize announced
- Lantern Festival: A romantic celebration in China
- Two Chinese COVID-19 vaccine firms to supply vaccines to COVAX
- Media center for 20th CPC national congress to open on Oct. 12
- Six suspects arrested in HK for role in SE Asia job scam
Top Reviews
- Young artists recreate beauty of traditional Hanfu costume
- China releases photos of tallest tree
- English version of ‘Understanding Xi Jinping’s Educational Philosophy’ published
- China crowned in men’s team for 10th straight time at table tennis worlds
- China publishes Atlas of Wildlife in SW China
- Guangxi’s 10 Years: A Visit to China’s Qinzhou Port
- Congress delegate helped lift village out of poverty
- Expo highlights joint efforts in NEV development
- Racism stain of shame on ‘world democratic paradise’
- U.S. may face new COVID wave this upcoming winter: report