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China's State Assets Regulator: Impact of coronavirus outbreak on industries will mainly show in Feb

1 month ago   |   By FXCM

Amid risk-off at full steam in Asia, as rising coronavirus risks globally spook investors, China State‑owned Assets Supervision and Administration , state assets regulator, Vice Chairman Ren came out on the wires, via Reuters, noting that the impact of coronavirus outbreak on industries will mainly show in February.
The scheduled production targets and reform plans of key State-owned enterprises will not be changed due to the COVID19 epidemic, he added.
He also said that they will guide centrally held firms to extend or revise contracts with some small and medium-sized firms hit hard by...
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