Core Points - The People's Bank of China (PBOC) has increased the quota for agricultural and small enterprise re-lending by 100 billion yuan to support financial institutions in disaster-affected areas, particularly focusing on small and micro enterprises, individual businesses, and agricultural sectors [1][2] - The re-lending program is part of a long-term tool aimed at promoting inclusive finance, with a previous increase of 300 billion yuan announced in May to enhance support for inclusive finance [1] - The current initiative comes during a critical flood prevention period, with the government actively allocating disaster relief funds to ensure public safety and support recovery efforts [1] Financial Support Mechanism - The PBOC has merged the agricultural and small enterprise re-lending tools for more efficient management and to encourage local financial institutions to increase credit support for agricultural, small, and private enterprises [1] - The recent increase in re-lending quotas is intended to provide low-cost funds to financial institutions in disaster-stricken areas, enhancing their ability to support local businesses [1] - The PBOC will supervise provincial branches to ensure effective utilization of the new re-lending quota and guide financial institutions in meeting the financing needs for disaster recovery and reconstruction [2]
央行新增千亿支农支小 再贷款额度助力救灾
Sou Hu Cai Jing·2025-08-19 22:15