1.2万亿科创再贷款落地！民营科创企业迎重磅利好

Core Viewpoint - The People's Bank of China has introduced multiple financial policies to support the high-quality development of the real economy, focusing on lowering interest rates and enhancing structural monetary policy tools to boost credit in key areas [1]. Group 1: Interest Rate Adjustments - The interest rates for various structural monetary policy tools have been reduced by 0.25 percentage points, with the one-year relending rate decreasing from 1.5% to 1.25%, and other term rates adjusted accordingly [2]. Group 2: Support for Agriculture and Small Enterprises - The relending and rediscounting for agriculture and small enterprises have been merged, increasing the relending quota by 500 billion yuan, with a separate quota of 1 trillion yuan designated for private enterprises, focusing on supporting small and medium-sized private companies [2]. Group 3: Technology and Innovation Financing - The quota for relending aimed at technological innovation and technological transformation has been increased from 800 billion yuan to 1.2 trillion yuan, expanding support to private small and medium-sized enterprises with high R&D investment levels [2]. Group 4: Risk Sharing Tools - A combined management of the previously established private enterprise bond financing support tool and the technological innovation bond risk-sharing tool has been set up, providing a total relending quota of 200 billion yuan [2]. Group 5: Carbon Emission Reduction Support - The support scope for carbon reduction tools has been expanded to include projects related to energy-saving renovations, green upgrades, and low-carbon energy transitions, guiding banks to support comprehensive green transformations [2]. Group 6: Consumer Services and Elderly Care - The support areas for relending in service consumption and elderly care will be expanded, incorporating health industry standards into the support framework [2]. Group 7: Real Estate Market Support - The minimum down payment ratio for commercial property loans has been lowered to 30% to support the destocking of the commercial real estate market [3]. Group 8: Currency Risk Management - Financial institutions are encouraged to enhance their foreign exchange risk management services by diversifying foreign exchange hedging products, providing enterprises with cost-effective and flexible tools for managing exchange rate risks [3].