China's securities firms underwrite bonds for battle against epidemic

Source: Xinhua | 2020-03-14

China's securities firms had underwritten 50 bonds worth 56.22 billion yuan (about 8.03 billion U.S. dollars) as of March 6, for the battle against the novel coronavirus outbreak, data from an industry association showed.

Four of these bonds worth 6.3 billion yuan were issued in Hubei Province, the region hardest hit by the virus, according to the Securities Association of China.

The funds raised were used in epidemic prevention and control work such as building hospitals and meeting companies' liquidity demand to help them tide over difficulties.