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2:10 pm: China says it will tolerate more bad loans
China’s central bank says lenders will accept higher levels of bad loans in a bid to support firms affected by the virus outbreak, according to a Reuters report.
It said that situation will be manageable as China has a relatively low bad loan ratio, the report said.
He added that the problem will be manageable as China has a
relatively low bad loan ratio.
12:55 pm: China bans insurers from offering virus-specific products
China’s deputy chair of the banking and insurance regulator, Liang Tao, said Saturday at a press conference that there are…