On August 26, 2026, a landslide disaster occurred on the Nepalese side, causing serious casualties and loss of connectivity at Geelong Port in Jilong County, Shigatse City, Tibet. In order to implement the spirit of General Secretary Xi Jinping's important instructions and do a good job in financial support for disaster relief and post-disaster reconstruction, the People's Bank of China added a small reloan amount of 5 billion yuan to support agriculture in the Tibet Autonomous Region to guide and encourage financial institutions to increase their credit support for operators in the affected regions.

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.