Chinese financial firms will deploy measures used during the SARS outbreak nearl...
SHANGHAI/HONG KONG - Chinese financial firms will deploy measures used during the SARS outbreak nearly two decades ago to combat the new virus when markets reopen next week, with traders set to work shifts and sales staff restricted to online-only pitches, sources said.
Banks and brokers will also be paying double next week for the essential staff in financial capital Shanghai who will be working from Monday when markets reopen after the extended Lunar New Year holiday, they said. Mainland markets were due to reopen on Friday following a week-long break but the holiday was extended to Monday by central government officials in an effort to limit the spread of the coronavirus that has so far killed more than 200.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus Reaches All Chinese Regions As Infections Overtake SARSAt least 170 people have died from the mysterious virus, while nearly 8,000 people have been infected. Global markets are taking a hit as the outbreak impacts China's economy and the supply chains.
Read more »
Coronavirus Reaches All Chinese Regions As Infections Overtake SARSAt least 170 people have died from the mysterious virus, while nearly 8,000 people have been infected. Global markets are taking a hit as the outbreak impacts China's economy and supply chains.
Read more »
Cases Of New Virus In China Top Its Total For SARSThe virus outbreak has killed 132 people and infected more than 6,000 people in the Chinese mainland and abroad.
Read more »
Why China can't recover quickly from the coronavirus outbreak like it did with SARSChina will need its consumers to start spending again to avert an economic slowdown. That won't come anytime soon as the virus outbreak continues to spread, bringing the country to a virtual standstill.
Read more »