The People's Bank of China announced a CNY 300 billion increase in the quota of its technology innovation and technical upgrading relending facility, taking the total quota to CNY 800 billion, to support expanded implementation of the “Two New” policy and encourage faster lending growth in the relevant areas. Following the increase, the facility will no longer maintain separate quota buckets for first-time loans to technology-focused small and medium-sized enterprises and for loans to technical upgrading and equipment renewal projects, consolidating the support under a single overall quota.
Central Bank of the Republic of China 2025-05-07
People's Bank of China increases the technology innovation and technical upgrading relending quota by CNY 300 billion to CNY 800 billion
The People's Bank of China has increased the quota of its technology innovation and technical upgrading relending facility by CNY 300 billion, bringing the total to CNY 800 billion. This move supports the expanded implementation of the "Two New" policy and aims to accelerate lending growth in relevant sectors. The facility will now consolidate support under a single overall quota, eliminating separate buckets for specific loan types.