Wuxi Industrial and Information Bureau and the local financial regulatory department have joined hands with several financial institutions to establish a financing mechanism to assist epidemic prevention and control, Jiangsu media reported on February 5. 

Wuxi now has prepared a loan of 3 billion yuan for key companies which are engaged in the production of materials for epidemic prevention and control or badly affected by the outbreak.

Currently, Jiangsu branch of China Development Bank, Wuxi branch of Bank of Jiangsu, Wuxi Rural Commercial Bank and Wuxi branch of Ningbo Bank are among financial institutions to offer the fast-tracked service for eligible borrowers with preferential interest rates provided.

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