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China urges banks, insurers to step up support for flood-stricken firms

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BEIJING : China is pushing banks and insurers to step up support to flood and disaster-stricken companies and business owners to speed up their return to normal operations, its financial regulator said in a circular on Monday.The National Financial Regulatory Administration said banking and insurance inst

BEIJING : China is pushing banks and insurers to step up support to flood and disaster-stricken companies and business owners to speed up their return to normal operations, its financial regulator said in a circular on Monday.

The regulator's circular came after extreme rainfall brought by storm clouds from Typhoon Doksuri battered several regions in China, killing at least 60 people and damaging homes, crops and infrastructure.

 

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