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iNews
Home China central bank raises limit on small bank payments
English International

China central bank raises limit on small bank payments

By iNews DeskJanuary 25, 20201 Min Read
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China’s central bank has temporarily raised the upper limit on small bank batch payments in support of the country’s fight against the novel coronavirus-related pneumonia.

The People’s Bank of China said Friday that it has raised the upper limit on small bank batch payments to 500 million yuan (about 72.4 million U.S. dollars) from Jan. 24 to 30 to ease fund transfers in the fight against the pneumonia caused by the novel coronavirus.

Some 830 confirmed cases of the pneumonia had been reported in 29 provincial-level regions in the country by the end of Thursday.

Among them, 34 had been cured and discharged from hospitals, according to the National Health Commission.

A total of 1,072 suspected cases have been reported in 20 provincial-level regions, according to the commission.


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iNews Desk
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The iNews Desk oversees the fast-paced operations of our newsroom with a strong commitment to accuracy, clarity, and impactful storytelling. Backed by a solid foundation in journalism and extensive experience in coordinating daily news coverage, our desk is responsible for assigning stories, guiding reporters, and ensuring every piece meets the highest editorial standards.We are dedicated to delivering timely, responsible, and trustworthy news to our audience while upholding the core values of ethical journalism. Through close collaboration with reporters, editors, and digital teams, the iNews Desk ensures a smooth workflow and maintains content that is relevant, engaging, and aligned with our editorial mission.

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