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- Hundreds of Chinese firms reportedly seeking bank loans totaling at least 57.4 billion yuan to soften impact of virus outbreak, - Reuters reports, citing two banking sources
Hundreds of Chinese firms reportedly seeking bank loans totaling at least 57.4 billion yuan to soften impact of virus outbreak, - Reuters reports, citing two banking sources
According to two banking sources, more than 300 Chinese firms are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) amid coronavirus outbreak. The sources also said that the firms were either involved in the control of the epidemic or had been hardest hit.
These companies are likely to get fast-track approvals and preferential rates but that the banks will have the final say on any lending decisions.
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