From our friends at the Bank today:
In response to the material fall in government bond yields in recent weeks, the PRC invites requests from insurance companies to use the flexibility in Solvency II regulations to recalculate the transitional measures that smooth the impact of market movements. This will support market functioning.
Transitional measures are a fake regulatory asset that can be used create capital to replace what is lost when liabilities rise through, e.g. fall in long term discount rate.
We could use this method to address the current epidemic. Instead of causing an epidemic by reporting the number of diagnosed cases, simply change it to a lower number.
Problem solved.