The impact of this epidemic on China’s economy,financial markets,and the financial industry is generally short-term and controllable. The regulatory authorities have made a combination of financial support for prevention and control of the epidemic. The A-share market is short-term negative. The bond market is favorable in the short-term. The short-term fluctuations in the foreign exchange market have increased,but the financial system has maintained a stable operation. The epidemic has a short-term impact on the banking industry,including “volume increase and price reduction”,with limited long-term effects. New short-term business in the insurance industry is under pressure,and mid-to-long-term health insurance products have a role to play. The impact of the epidemic on the securities and fund industries was not significant. The epidemic affects the trust’s real estate trusts,infrastructure trusts,and industrial and commercial enterprise trust businesses,but large health sector trusts provide opportunities,and charitable trusts have developed through this epidemic. The epidemic has also increased the risks of the leasing industry,and there are opportunities in the medical and health and related industry market areas,consumer areas,and informatization areas. In general,fintech will be highly valued by financial institutions for this epidemic,and development will accelerate.
<<