Bank of Shanghai to assist Chinese firms amid coronavirus threat

The Bank of Shanghai has offered $ 800 million in loans to 57 Chinese Companies to ease any blow from the coronavirus outbreak, Report informs, citing TASS.

The Shanghai administration has compiled a list of local companies and international corporations eligible for subsidized loans as financial assistance against possible losses due to coronavirus.

3M Medical Devices and Materials Manufacturing and Shanghai Unilever are applying for soft loans. The list also includes medical supply firms, Reuters reports.