© Reuters. China says actively supports virus-hit firms to raise funds via debt instrumentsSHANGHAI (Reuters) – China’s bond market regulator said it will actively support debt financing and debt issuance by companies heavily affected by a fast-spreading coronavirus outbreak.
The National Association of Financial Market Institutional Investors (NAFMII) said it will also support the companies who have participated in containing the spread of the virus, according to a statement published on the central bank’s official WeChat account on Wednesday.
NAFMII is backed by the People’s Bank of China (PBOC).
The association also said it will allow virus-hit firms to issue bonds and raise funds via other instruments including asset-backed notes (ABN).
In addition, the association encouraged a lenient approach in debt repayments for firms affected by the epidemic.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Economy - investing.com
