People's Bank of China Injects 205 Trillion Won to Defend Against New Coronavirus Impact
[Asia Economy Beijing=Special Correspondent Park Sun-mi] The People's Bank of China will supply liquidity worth 205 trillion won to minimize the economic impact caused by the spread of the novel coronavirus infection (Wuhan pneumonia).
On the 2nd, the People's Bank of China announced that it will inject liquidity of 1.2 trillion yuan (approximately 205 trillion won) through open market operations on the 3rd to provide reasonable and sufficient liquidity during the period when prevention and control of the novel coronavirus are necessary.
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Due to the Spring Festival (Chinese Lunar New Year) holiday and the impact of the novel coronavirus, the Chinese stock market, which had been suspended, will reopen from the 3rd.
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