The central bank also is promoting the tools of equity financing, encouraging private equities, securities companies and financial asset investment companies under the commercial banks to raise funds. The central bank will provide the initial leading fund, according to the governor.
The charity program was supposed to be launched on Sunday, he said, but staff members had mistakenly shared a trial version on Friday that did not contain the information for all the children.
The central bank injected 1.7 trillion yuan (3 billion) of liquidity recently to stabilize the capital market and lent 300 billion yuan to commercial banks to expand credit.
The city's Chief Executive Carrie Lam Cheng Yuet-ngor warned on Friday that Asia's financial center is bracing for an "economic tsunami" never before seen, after meeting with 33 representatives from the business community.
The church issued a statement on April 6 stating that "spiritual feeding of people in this time of crisis is just as important as going to the grocery store, especially when similar safety measures are taken". The church plans to hold one service per week during the pandemic outbreak.
The circular also required efforts to strengthen on-the-job training and increase reserve of key equipment and materials, and improve the comprehensive rescue capability for major accidents and disasters.
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The city opened 111 roads with a distance of about 322.46 km in the Beijing Economic-Technological Development Area in the southeast suburb for the tests, covering almost the whole area except for sections where schools, hospitals and office buildings are located.
The central government has been intensifying efforts to revitalize Liaoning's economy. It has helped upgrade the local industrial structure, fostered modern services and stimulated the growth of private companies.
The chaos has also dealt a heavy blow to Hong Kong's economy. It is estimated that each day of paralysis costs the airport cargo worth HK billion. The occupancy rate of the hotels has plummeted further by 30% in July and August, as the number of tourists are down by 31% year on year. The catering business has lost HK.5 billion revenue over the past three months. Cargo export fell by 5.4% in the second quarter. Two large enterprises have postponed plans for multibillion-dollar share listing in Hong Kong. And the SAR Government has slashed its 2019 growth forecast from a previous estimate of 2% to 3% to a range of 0% to 1%.