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The Effect of COVID-19 on the Banking Sector

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

Abstract

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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References

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

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  2. www.stats.gov.cn

  3. www.pbc.gov.cn

  4. xw.sinoins.com.gov.cn

  5. www.cbirc.gov.cn

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

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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

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