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China's central bank raises limit on small bank payments
Updated: January 24, 2020 19:48 Xinhua

BEIJING — China's central bank has temporarily raised the upper limit on small bank batch payments in support of the country's fight against the novel coronavirus-related pneumonia.

The People's Bank of China said on Jan 24 that it has raised the upper limit on small bank batch payments to 500 million yuan (about $72.4 million) from Jan 24 to 30 to ease fund transfers in the fight against pneumonia caused by the novel coronavirus.

Some 830 confirmed cases of pneumonia had been reported in 29 provincial-level regions in the country by the end of Jan 23.

Among them, 34 had been cured and discharged from hospitals, according to the National Health Commission.

A total of 1,072 suspected cases have been reported in 20 provincial-level regions, according to the commission.

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