(Yicai Global) Jan. 27 -- Those who have temporarily lost income as a result of the novel coronavirus outbreak must be allowed to flexibly adjust their repayments of home mortgages, credit cards and other debt, and to reasonably defer their repayments, the China Banking and Insurance Regulatory Commission said in a policy statement it released yesterday.

Banks may not blindly cut off loans to sectors affected by the epidemic, such as wholesale and retail, hospitality, logistics and transport, and cultural tourism, or to companies that are otherwise in a bind because of the bug, per the policy.

Editor: Ben Armour