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China’s banks, insurers injected $112.45 bln to help fight coronavirus

China’s banks, insurers injected $112.45 bln to help fight coronavirus

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China’s banks, insurers injected $112.45 bln to help fight coronavirus

China’s banking and insurance firms have injected 790 billion yuan ($112.45 billion) into economy to help coronavirus-related efforts, state radio reported on Tuesday citing officials from the banking and insurance regulator.

Officials said the regulator will maintain strict supervision over financial firms, the report said without elaborating.

 

($1 = 7.0255 Chinese yuan renminbi)

(Reporting by Se Young Lee; Editing by Andrew Heavens)

(c) Copyright Thomson Reuters 2020

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