Chinese companies tap 'virus bonds' to raise billions quickly

SHANGHAI/HONG KONG (Reuters) - Chinese companies are using cheap funds raised via "virus bonds" in part to bolster their balance sheets as they capitalise on Beijing's efforts to channel money into virus-hit areas of the economy.A Reuters analysis reveals only a third of the roughly 14 billion yuan (£1.5 billion) being raised under a new fast-track regulatory process for "virus prevention and control bonds" will actually be used for the cause.A top glass maker, for instance, plans to deploy the..