Firms related to virus fight get fundraising boost in Shenzhen

China Daily (Europe) | Feb 15, 2020 at 12:00 AM
  • As medical technology research and equipment manufacturing firms ramp up efforts to fight the novel coronavirus pneumonia, financial institutions have also played an active role by launching new measures to facilitate fundraising.
  • The Shenzhen Central Sub-branch of the People’s Bank of China has implemented registration reform of foreign debt, enabling nonfinancial firms to directly manage external debt through banks after a one-off total quota registration.
  • On Friday, another four companies in Shenzhen successfully registered a total external debt quota of 2 billion yuan, an effort to expand their investment into fighting the epidemic.