Skip to main content

The Effect of COVID-19 on the Banking Sector

Part of the Computational Risk Management book series (Comp. Risk Mgmt)


The COVID-19 pandemic has had a massive impact on the global economy. The impact COVID-19 has had on the Chinese banking sector consists of three aspects: short-term, long-term, and systemic risks. Support for differentiated financial services for pandemic prevention and control is needed, with increased credit support. Medium-to-small enterprises need to be supported through special credit lines, reduced interest rates on loans, deferred repayments, and establishment of long-term credit systems. Digital transformation needs to take place at a faster rate to improve intelligent risk control systems.

We wish to acknowledge the work of Ying Kang, upon which this chapter is based.

This is a preview of subscription content, log in via an institution.

Buying options

USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
USD   79.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD   99.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions


  1. Wind database—Comprehensive database on China’s fixed income markets.

    Google Scholar 





Download references

Author information

Authors and Affiliations


Rights and permissions

Reprints and permissions

Copyright information

© 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Wu, D.D., Olson, D.L. (2020). The Effect of COVID-19 on the Banking Sector. In: Pandemic Risk Management in Operations and Finance. Computational Risk Management. Springer, Cham.

Download citation

Publish with us

Policies and ethics