Regions outside Hubei reported single-digit or no increases in daily new confirmed infections, the commission said.
Ren Zeping, chief economist at Founder Securities, said that while the regulatory squeeze would continue in the short term, the government must balance the frequency and intensity of policies to deleverage, manage liquidity and stabilize growth.
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Regarding the suggestions made by certain banking institutions on clarifying the prerequisites for foreign bank subsidiaries and branches to share their systems, staff members and management, and clarifying the standards and procedures to waive requirements on the renminbi working capital adequacy ratio of foreign bank branches, the regulator said these will be clarified in proper forms after the release of the implementation measures.
Residents in Atulier village, Zhaojue county in Sichuan province, talk about the relocation on May 9. [Photo by Hua Xiaofeng/For China Daily]
Regulatory authorities have urged banking and insurance institutions to provide increased financial support for private companies. [Photo/VCG]
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Representatives from POWERCHINA were also invited to the conference, including Tian Haihua, Deputy General Manager of POWERCHINA and Secretary of the Party Working Committee at POWERCHINA Central and West Africa Headquarters, Huang Ziping, Deputy Chief Engineer and Head of the Hydropower and Water Division, and Wang Xinhuai, Deputy General Manager of the POWERCHINA Central and West Africa Headquarters.
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Rescue workers carry the body of a passenger after a bus fell into a ravine at Liku Lemantang, near Palembang, South Sumatra province, Indonesia, December 24, 2019 in this photo taken by Antara Foto. [Photo/Agencies]