China announced package to help companies amid coronavirus outbreak

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China’s central bank and other financial regulators announced a package of measures including providing more liquidity in a move to help companies, banks and individuals hit by the coronavirus outbreak and to maintain stability in the financial markets that are set to reopen next Monday for the first time since Jan. 23.

The People's Bank of China (PBOC) will inject liquidity to the market using open market operations, the standing lending facility, re-lending, rediscount and other monetary policy tools to make sure interbank liquidity is reasonably ample and maintain money market interest rates stable . . .

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