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.
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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. https://doi.org/10.1007/978-3-030-52197-4_8
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-52196-7
Online ISBN: 978-3-030-52197-4