央行放大招！金融“活水”为高质量发展保驾护航

Group 1 - The central bank has announced a reduction in the re-lending and rediscount rates by 0.25 percentage points, bringing the one-year re-lending rate to 1.25%, which lowers the cost of funds for commercial banks and enhances their lending capacity [1] - The central bank has increased the re-lending quota for technological innovation and technological transformation from 800 billion to 1.2 trillion yuan, and has included private small and medium-sized enterprises (SMEs) with high R&D investment levels in the support scope [1][4] - A new risk-sharing tool for bonds issued by technology and private enterprises has been established, with a supporting re-lending quota of 200 billion yuan, providing a "double insurance" for technology-oriented private enterprises [4] Group 2 - An additional 500 billion yuan has been allocated for re-lending to support agriculture and small enterprises, along with a dedicated 1 trillion yuan re-lending for private enterprises, directly addressing the financing needs of SMEs [4] - The minimum down payment ratio for commercial property loans has been lowered to 30%, aimed at addressing the high vacancy rates and inventory issues in the commercial property sector, thereby reducing entry barriers for investors and operators [7] - The central bank's recent actions indicate a commitment to directing financial resources towards technology, green initiatives, and small enterprises, supporting high-quality development [10]