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"For example, personal consumption loans, such as for cars, will expand soon," said a research note from Haitong Securities.
"Financial institutions should increase investments in technologies and improve their research and development capabilities. Small financial institutions may strengthen cooperation with credible fintech companies under the premise that both parties' rights and responsibilities are specified," Ye said.
"Given such precedents, it can effectively unlock residents' enthusiasm for consumption and push for a short-term stimulus. It can also help quickly digest excess products and provide funds for manufacturers and merchants," Long said.
"Had it not been for a sluggish initial response from the Trump administration and a president, in my opinion, putting political considerations over public health, we could have done much more to mitigate the destructive impact of COVID-19," Pallone said.
"Following this cooperation, WeChat Pay is enhancing its effort in helping European businesses connect with Chinese tourists to realize WeChat's 'One For Billion' initiative (which) is its latest initiative of cross-border business," the statement said.
