央行推出八项举措加大结构性货币政策工具支持力度

Core Viewpoint - The People's Bank of China (PBOC) is implementing eight policy measures to enhance credit support in key areas, aiming to facilitate economic structural transformation and optimization. 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 quotas for agricultural and small enterprise re-lending and rediscounting, increasing the agricultural and small enterprise re-lending quota by 500 billion yuan, with a dedicated quota of 1 trillion yuan for private enterprises [1] - The quota for re-lending 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] Group 2: Risk Management and Support Tools - The PBOC will merge the existing private enterprise bond financing support tool and the technological innovation bond risk-sharing tool, providing a total re-lending quota of 200 billion yuan [1] - The carbon reduction support tool will be expanded to include more projects with carbon reduction effects, guiding banks to support comprehensive green transformation [1] - The minimum down payment ratio for commercial property loans will be lowered to 30% in collaboration with the financial regulatory authority [3] Group 3: Consumer and Currency Support - 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] - Financial institutions are encouraged to enhance their foreign exchange risk management services and diversify foreign exchange risk management products for enterprises [3]