The People's Bank of China announced an expansion of its re-lending support to increase financing for small, medium and micro enterprises, raising the re-loan quota for agriculture and small enterprises by CNY 500 billion and creating a new CNY 1 trillion re-lending facility for private enterprises. The enlarged re-lending amount for agriculture and small enterprises will be used together with the rediscount amount. The new private enterprise re-lending, established under the existing agriculture and small enterprise re-lending framework, is intended to guide local legal person financial institutions to focus more on key areas and strengthen credit support for private small, medium and micro enterprises, with the term, interest rate and issuance method aligned with the current re-lending for agriculture and small enterprises.
Central Bank of the Republic of China 2026-01-15
People's Bank of China boosts SME support with CNY 500 billion increase in agricultural and small business re-lending and a new CNY 1 trillion facility for private enterprises
The People's Bank of China expanded its re-lending support by increasing the re-loan quota for agriculture and small enterprises by CNY 500 billion and establishing a new CNY 1 trillion re-lending facility for private enterprises, aiming to enhance credit support for small, medium, and micro enterprises.