China's central bank Beijing operation ensures more re-discounted loans for coronavirus-hit firms: Shanghai Securities News
Thursday, 6 February 2020 The Chinese central bank's Beijing operation said it will ensure re-discounted loans issued in the first quarter of 2020 will be at least 10 billion yuan, as part of efforts to shore up firms hit by the coronavirus, Shanghai Securities News reported.
The Nasdaq hit a record high Tuesday and the S&P 500 posted its biggest one-day gain in about six months as fears of an economic impact from the coronavirus outbreak waned after China's central bank intervened. Fred Katayama reports.
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