The People's Bank of China (PBoC) said last Friday that any impact of the new coronavirus epidemic on the country's economy will be temporary, at a time when companies across the country are struggling to resume normal operations.

In a statement, the PBoC will not hinder the government's efforts to open the financial sector to foreign investors. According to the PBoC, the government encourages foreign investors to start securities companies, fund managers and life insurers in Shanghai, as part of efforts to transform the city into an international financial center.