China policy bank issues over 50 bln yuan of loans for epidemic control

The Agricultural Development Bank of China (ADBC), an agricultural policy bank, has issued more than 50 billion yuan (about 7.14 billion U.S. dollars) of loans for enterprises engaged in epidemic prevention and control.

The ADBC has smoothed financing channels for epidemic control emergency loans and stepped up its credit services since the outbreak of the novel coronavirus epidemic.

From January 26 to March 12, the lender supported 1,773 enterprises engaged in epidemic prevention and control, and approved loans worth 71.5 billion yuan in total.