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Xiaomi denies loan request for damages caused by Coronavirus

The current situation in China with the Coronavirus epidemic is destabilizing not poco the economy of the Asian country, as well as the world one. The problem seemed to have affected Xiaomi more than other Chinese brands, or at least these were the rumors. The Chinese media had in fact claimed that the brand had requested a loan of 5 billion Yuan, out of 130 million euros, to the government for the economic damage caused by the Coronavirus.

Xiaomi denies loan request for damages caused by Coronavirus

Xiaomi coronavirus

Well, today comes the official denial from Xiaomi. The Chinese company then specified that the loan request had not yet been finalized and that in any case the request was not due to the damage caused by the epidemic, but the loan would be used for R & D (research and development) and creation. of products to fight the virus that is afflicting the country, as well as for the purchase of raw materials necessary for production. So in no way was it a loan for "disaster-stricken companies".

We leave you with the official Xiaomi release in full:

Let's clarify the false news that "Xiaomi has obtained a special loan of RMB 5 billion from the central bank to fight the epidemic":

1. Xiaomi has not obtained a loan from the central bank, nor has it completed the relevant request and there is still no defined amount to be requested.

2. The purpose of this batch of special refinancing by the central bank is to combat the epidemic. As research and development, production and material supply. It is not a "loan for companies affected by disasters" and it is not a special support loan for SMEs (small and medium-sized enterprises).

3. Outbreak loans have a special purpose and cannot be used for businesses and events unrelated to the outbreak. It is also logical that both the central bank's management requirements and the financial rules of listed companies exercise close control over this. The so-called "obtaining low interest rate loans and therefore obtaining interest spreads through business loans" does not make sense and is not even possible.

4. We are conscientiously preparing requests for special loans to fight the epidemic.

Xiaomi

Source

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Pierpaolo Figuccia
Pierpaolo Figuccia

Nerd, passionate about technology, photography and video maker. And of course I love Xiaomi products!

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