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Chinese companies are flocking to issue special bonds for the fight against the coronavirus, taking advantage of the fast approval process and lower borrowing costs as Beijing seeks to mobilise financial resources to contain the coronavirus outbreak.
Top regulators including the People's Bank of China, the country’s securities watchdog and the economic planner have rolled out schemes called the “green passage” to encourage bond financing for the campaign to fight against the epidemic.
Companies hit by the virus outbreak or those involved in the battle against the epidemic qualify for applying for sales . . .
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