DOAJ Open Access 2020

Chinese banks during COVID-19

Serbina E.M.

Abstrak

The article discusses the changes in the activities of Chinese banks during COVID-19. The author describes the measures taken by the government and banks to prevent and resist coronavirus, especially concessional lending programs for small and media enterprises, the subsidies for companies manufacturing medical products. The banks issued special bonds for raising funds for the fight against the virus and increased the usage of digital technologies for internal and external communications, established and activated remote service channels to reduce physical contacts. Enhancing digital technologies will stimulate banks` transformation into technology companies, providing also traditional financial services. The series of measures demonstrate its effectiveness for industries and medical sector as well as valuable contribution into China`s fight with COVID-19.

Penulis (1)

S

Serbina E.M.

Format Sitasi

E.M., S. (2020). Chinese banks during COVID-19. https://doi.org/10.24411/2686-7702-2020-10014

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Informasi Jurnal
Tahun Terbit
2020
Sumber Database
DOAJ
DOI
10.24411/2686-7702-2020-10014
Akses
Open Access ✓