Economics
China to Support Debt Financing for Virus-Related Projects
Researchers work at a laboratory of the disease prevention and control center in Nanyang, central China's Henan Province.
Photographer: Hao Yuan/Xinhua via Getty Images
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China will take more steps to support debt financing for companies that are working on preventing or controlling the spread of the coronavirus, and for firms operating in areas that have been hit by the outbreak.
Authorities will help companies that are seeking to raise funds for projects such as medical services and scientific research related to the virus, the National Development and Reform Commission said in a statement Saturday. The income requirements for bonds on such projects can be relaxed if safeguards for debt repayment are in place, it said.