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Fighting against COVID-19 | CIIE financial exhibitors offer services, supplies to Shanghai Release date: 2022-05-13    Source:Multiple

Editor's Note: As China has been experiencing a surge in locally transmitted COVID-19 cases over the past few weeks, governments and organizations have all been doing their part to contain the outbreak. Even exhibitors of the China International Import Expo have joined the fight.

Due to the lockdown and anti-epidemic measures in Shanghai, several financial institutions that had participated in the China International Import Expo have donated supplies and ensured financial services to help the city recover from the latest COVID-19 outbreak.

For example, HSBC China has launched a financial plan which offers preferential rates and a green channel for micro and small-sized enterprises to help them overcome challenges caused by the epidemic and achieve stable growth. The bank has also helped a subsidiary of a large grain and oil trade company submit loan applications online.

In addition, banks, insurance companies, fintech companies and other departments under the HSBC Group in Shanghai donated 2 million yuan ($294,777.54) and over 49,000 pieces of protective materials and about 1,900 boxes of daily necessities to Shanghai.

Over at Standard Chartered Bank, many employees have been staying in the office during the lockdown to ensure a continuity of services for domestic clients. The bank has also increased financial support for micro and small-sized enterprises in medical sectors.

Accounting firm Ernst & Young has donated five metric tons of rice to Shanghai Jiao Tong University and the second batch of 15 tons is on the way to Fudan University, Tongji University, and Shanghai University of Finance and Economics.

The firm has also donated 2,000 T-shirts to students at Shanghai University, and 500 protective suits and gloves, milk, instant noodles and vegetables to volunteers in Xuhui district and Lujiazui Financial City.

Meanwhile, KPMG has donated 1,500 protective suits, 4,000 masks, 1,000 face shields and 1,000 pairs of gloves to anti-epidemic workers at the West Nanjing Road sub-district. KPMG staff members have also taken on the role of volunteers in their communities, delivering vegetables and medications to fellow residents and helping with nucleic acid testing.

Source: HSBC, Standard Chartered, EY, KPMG, Xinhua, China Banking and Insurance News