BEIJING, Jan. 25 (Xinhua) -- China's central bank on Saturday decided to remove the upper limit on small bank batch payments to meet transfer demands of larger scales.
The People's Bank of China said in an online statement that the new policy will be effective from Jan. 25 to Jan. 30 to ensure efficient and timely transfer of large-scale funds.
The move came a day after the central bank's statement on Friday to raise the limit to 500 million yuan (about 72.4 million U.S. dollars) to support the fight against the pneumonia caused by the novel coronavirus.
The removal of the limit is aimed at further enhancing transfer efficiency, the central bank said.
Chinese health authorities announced Saturday that 1,287 confirmed cases of pneumonia caused by the novel coronavirus (2019-nCoV), including 237 in critical conditions, had been reported in the country by the end of Friday.
The country is mobilizing medical resources nationwide to aid central China's Wuhan, the center of the 2019-nCoV outbreak, to control the epidemic.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses
