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China’s financial regulator urges banks and insurers to step up support to flood and disaster-stricken companies and business owners to speed up their business recovery
The National Financial Regulatory Administration said banking and insurers should organise and mobilise disaster response, safeguard financial assets and important data and guarantee stable operation of basic financial services and key infrastructures.
Banking institutions should strengthen credit support for small and micro enterprises, individual businessmen, it said, including for infrastructure repairs in key areas like transportation, communications, gas and electricity, agricultural water conservancy, flood control and prevention.