Ministry of Finance sends RMB47bn fighting coronavirus
3 Feb 2020 – Just the Ministry of Finance (MOF) and its local offices have released RMB47 billion of funds for fighting the coronavirus as of mid-night 3 February, putting the funding on treating and rescuing patients, adding more nurses and medical staff, buying medical equipment and rapid diagnosis and testing agents, etc.
PBOC releases RMB1.2 trillion in open market operation
3 Feb 2020 – The People’s Bank of China (PBOC) conducted an open market operation today to release about RMB1.2 trillion of funds, ensuring adequate liquidity in the money market. The banking system will have RMB900 billion more liquidity than a year ago after the operation.
Zhongshan Hotel issued RMB400mn interbank notes
18 Dec 2019 - Jiangsu Zhongshan Hotel Group Co., Ltd. issued RMB400 million of medium-term notes in the interbank market of China. The interest rate of the note was 3.89%, for the first time giving Zhongshan Hotel Group a financing cost below 4%. The note was 6.75 times over-subscribed.