SHANGHAI -- Japan's three largest banks will provide lending to help Chinese businesses affected by the coronavirus, aiming to swiftly bring necessary funding to blunt the impact of the epidemic.
Sumitomo Mitsui Banking Corp. is offering credit lines of up to 5 billion yuan ($717 million) to affected companies, as well as manufacturers and distributors of masks and other medical supplies. Interest rates will be lower than usual, and the lines may be increased depending on funding needs.
