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The coronavirus outbreak is displaying no indicators of dissipating any time quickly. The outbreak has already claimed round 1,868 lives in China, together with 72,436 confirmed instances. Nevertheless, the world’s second largest financial system is exercising all-sort of measures to attenuate the impression of coronavirus on human sources in addition to the financial entrance. Accordingly, the People’s Bank of China (PBOC) lowered the rate of interest on its medium-term lending on Feb 17. This may present assist for slicing the nation’s benchmark loan prime rate (LPR). The choice on the LPR shall be announced on Feb 20 (learn: Coronavirus Puts These Country ETFs on High Alert).
Furthermore, with a purpose to add some liquidity into the monetary system, China’s central financial institution injected 100 billion yuan (or round US$14.33 billion) into the market on Monday. Additionally on Feb 14, China’s securities fee introduced some modifications to the refinancing guidelines for listed corporations, mainly to enhance liquidity largely for small- and medium-cap shares (learn: Safe-Haven ETFs Rally as Coronavirus Cases Surge).
Other than these, Beijing has announced new tariff…