2026年信贷资源，将重点流向哪里？

Group 1 - The People's Bank of China (PBOC) has outlined key areas for credit allocation in 2026, focusing on expanding domestic demand, supporting technological innovation, and aiding small and micro enterprises [1] - The PBOC aims to enhance financial support for technology innovation, small and micro enterprises, and regional collaboration, while promoting high-quality development of inclusive finance [1] - Chief economist Dong Xiemiao emphasizes that monetary policy will act as an "irrigation channel," ensuring precise funding allocation to key sectors and weak links, integrating investments in both human and physical capital [1] Group 2 - In the technology innovation sector, the PBOC plans to increase the quota for re-lending for technological innovation and technological transformation by 400 billion yuan, raising the total to 1.2 trillion yuan [2] - The PBOC will expand policy support to include private small and micro enterprises with high R&D investment levels starting in 2026 [2] - For green development, projects with direct carbon reduction effects will be included in the carbon reduction support tool, with an annual operation volume not exceeding 800 billion yuan [2] Group 3 - The PBOC will continue to implement a moderately loose monetary policy to create a favorable financial environment for boosting consumption and expanding domestic demand [3] - The PBOC plans to enhance financial support for service consumption and pension re-lending, with potential inclusion of the health industry once standards are established [3] - Incentives will be provided through preferential interest rates on re-lending to encourage financial institutions to increase credit in the consumption sector, focusing on industries closely related to people's livelihoods [3]