再贷款利率1月19日起下调

Core Viewpoint - The People's Bank of China (PBOC) is implementing eight policy measures to enhance bank lending in key areas, support structural monetary policy tools, and assist in the optimization of economic structure transformation [1]. Group 1: Monetary Policy Adjustments - The PBOC will lower the interest rates of various structural monetary policy tools by 0.25 percentage points, reducing the one-year re-lending rate from 1.5% to 1.25% [1]. - The PBOC will merge the re-lending and rediscount quotas for agriculture and small enterprises, increasing the re-lending quota for agriculture and small enterprises by 500 billion yuan, with a dedicated quota of 1 trillion yuan for private enterprises [1]. Group 2: Support for Innovation and Technology - The re-lending quota for technological innovation and technological transformation will be increased from 800 billion yuan to 1.2 trillion yuan, expanding the support to include private small and medium-sized enterprises with high R&D investment levels [1]. - A combined risk-sharing tool for bonds of technological innovation and private enterprises will be established, providing a total re-lending quota of 200 billion yuan [1]. Group 3: Environmental and Consumer Support - The PBOC will expand the support areas for carbon reduction tools to include energy-saving renovations and green upgrades, guiding banks to support comprehensive green transformation [1]. - The support areas for service consumption and elderly care re-lending will be expanded to include the health industry, based on health industry recognition standards [2]. Group 4: Housing and Financial Services - The minimum down payment ratio for commercial property loans will be lowered to 30% in collaboration with the financial regulatory authority [3]. - Financial institutions are encouraged to enhance foreign exchange risk management services and diversify foreign exchange hedging products for enterprises [3].