At about 10:30 a.m. on August 26, 2026, a landslide disaster occurred on the Nepalese side, causing serious casualties and loss of connectivity at Jilong Port in Jilong County, Shigatse City, Tibet. After the disaster occurred, General Secretary of the CPC Central Committee, State President and Chairman of the Central Military Commission Xi Jinping attached great importance to it and gave important instructions. The People's Bank of China responded quickly and took the initiative, and the Tibet Autonomous Region Bank organized the treasury under its jurisdiction to make every effort to guarantee disaster relief services. The three-level treasury of the Tibet Autonomous Region, Shigatse City, and Jilong County immediately initiated emergency response mechanisms, opened a “green channel” for treasury funds collection, and established a “treasury bank” collaborative working mechanism to provide 7×24 hour fund transfer support. Based on the principle of “immediate arrival, immediate review, and immediate action”, every effort was made to ensure that disaster relief funds were disbursed in a timely and accurate manner. As of 20:00 on August 26, the Tibet Autonomous Region of the State Treasury had disbursed 3 billion yuan in disaster relief funds to the Shigatse Central Branch, and the Shigatse Central Branch had disbursed 600 million yuan in disaster relief funds to the Jilong County Agent Branch. In the next step, the Tibet Autonomous Region Branch of the People's Bank of China will continue to pay attention to disaster relief related work, strengthen communication and collaboration with financial departments, ensure unhindered treasury fund transfer channels, and provide strong treasury service guarantees for disaster relief work. Source: Tibet Autonomous Region Division?
Zhitongcaijing · 1d ago
Share
Listen to the news
At about 10:30 a.m. on August 26, 2026, a landslide disaster occurred on the Nepalese side, causing serious casualties and loss of connectivity at Jilong Port in Jilong County, Shigatse City, Tibet. After the disaster occurred, General Secretary of the CPC Central Committee, State President and Chairman of the Central Military Commission Xi Jinping attached great importance to it and gave important instructions. The People's Bank of China responded quickly and took the initiative, and the Tibet Autonomous Region Bank organized the treasury under its jurisdiction to make every effort to guarantee disaster relief services. The three-level treasury of the Tibet Autonomous Region, Shigatse City, and Jilong County immediately initiated emergency response mechanisms, opened a “green channel” for treasury funds collection, and established a “treasury bank” collaborative working mechanism to provide 7×24 hour fund transfer support. Based on the principle of “immediate arrival, immediate review, and immediate action”, every effort was made to ensure that disaster relief funds were disbursed in a timely and accurate manner. As of 20:00 on August 26, the Tibet Autonomous Region of the State Treasury had disbursed 3 billion yuan in disaster relief funds to the Shigatse Central Branch, and the Shigatse Central Branch had disbursed 600 million yuan in disaster relief funds to the Jilong County Agent Branch. In the next step, the Tibet Autonomous Region Branch of the People's Bank of China will continue to pay attention to disaster relief related work, strengthen communication and collaboration with financial departments, ensure unhindered treasury fund transfer channels, and provide strong treasury service guarantees for disaster relief work. Source: Tibet Autonomous Region Division?
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending