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7 Feb 2020

China CBIRC Chair Zhou: Coronavirus will not have big impact on China's financial system

China Banking and Insurance Regulatory Commission Vice Chair Zhou said on Friday, coronavirus will not have big impact on China's financial system.

Additional Quotes:

Expects non-performing loan ratio of banks to rise somewhat.

China has ample resources to cope with rises in bad loans.

Banks have increased lending, cut interest rates for virus-hit firms.

Will boost credit support for small firms, deal with irrational fees on small firms.

Feb 7, 2020

Coronavirus outbreak is credit negative for Australian banks - Moody's

Coronavirus outbreak and the resulting travel restrictions will negatively hit banks' asset quality and is a credit negative development for Australia
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Feb 7, 2020

China GDP to grow 5% in 2020 - S&P

Ratings agency Standard & Poor's (S&P) expects China's gross domestic product (GDP) growth rate to slow to 5% in 2020 due to coronavirus. The economy
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