Group 1 - The central bank has announced a reduction in structural monetary policy rates by 0.25 percentage points, following a previous cut in May 2025, to stimulate credit flow to key sectors [1] - The one-year interest rate for various structural monetary policy tools has been lowered from 1.5% to 1.25%, which will reduce the cost for banks to obtain refinancing from the central bank [1] - This rate cut is expected to encourage banks to offer loans at lower rates to small and micro enterprises, technological innovation, and green transformation, thereby reducing the overall financing costs for the real economy [1] Group 2 - The targeted nature of the structural policy tool rate cut is designed to enhance the efficiency of fund utilization and improve financial services for the real economy [2] - The policy signals a strong commitment from the government to support specific industries such as technology, consumption, and elderly care, which is anticipated to boost confidence among business entities and stabilize market expectations [2] - The central bank plans to enhance support for structural tools, including increasing the quota for agricultural and small enterprise refinancing by 500 billion yuan and establishing a separate refinancing quota of 1 trillion yuan for private enterprises [2] Group 3 - The refinancing quota for technological innovation and technical transformation has been increased from 800 billion yuan to 1.2 trillion yuan, expanding the support to high R&D investment private small and medium enterprises [2] - The central bank aims to streamline the management of existing bond financing support tools for private enterprises and technological innovation, providing a combined refinancing quota of 200 billion yuan [2] - Future monetary policy will focus on effectively balancing short-term and long-term goals, growth stability, and risk prevention, while directing financial resources towards technological innovation, green development, and consumption [3]

为贯彻落实党中央、国务院决策部署，加大对中小微企业的金融支持力度，中国人民银行决定增加支农 支小再贷款额度5000亿元，将支农支小再贷款额度与再贴现额度打通使用。在支农支小再贷款项下设立 民营企业再贷款，额度1万亿元，引导地方法人金融机构进一步聚焦重点，加力支持民营中小微企业。 民营企业再贷款的期限、利率、发放方式等与现行支农支小再贷款一致。 中国人民银行增加科技创新和技术改造再贷款额度4000亿元支持"两新"政策优化实施 为贯彻落实党中央、国务院决策部署，优化"两新"政策实施，进一步做好科技金融大文章，中国人民银 行决定增加科技创新和技术改造再贷款额度4000亿元。增加后，科技创新和技术改造再贷款总额度为 1.2万亿元。适当拓展政策支持领域，自2026年起，将研发投入水平较高的民营中小企业纳入科技创新 和技术改造再贷款政策支持领域。 中国人民银行拓展碳减排支持工具支持领域 推动经济社会发展全面绿色转型 1月15日，中国人民银行发布多项金融政策，支持实体经济高质量发展。 中国人民银行决定下调再贷款、再贴现利率 为更好发挥结构性货币政策工具的激励作用，引导金融机构加大对重大战略、重点领域和薄弱环节的支 持力度， ...

中国人民银行副行长邹澜1月15日在国新办举行的新闻发布会上表示，根据当前经济金融形势需要，人 民银行将先行推出两方面政策措施。一方面是下调各类结构性货币政策工具利率，提高银行重点领域信 贷投放的积极性。另一方面是完善结构性工具并加大支持力度，进一步助力经济结构转型优化。具体包 括以下几项： 七是会同金融监管总局将商业用房购房贷款最低首付比例下调至30%，支持推动商办房地产市场去库 存。 一是下调各类结构性货币政策工具利率0.25个百分点。各类再贷款一年期利率从目前的1.5%下调到 1.25%，其他期限档次利率同步调整。 八是鼓励金融机构提升汇率避险服务水平。丰富汇率避险产品，为企业提供成本合理、灵活有效的汇率 风险管理工具。 二是将支农支小再贷款与再贴现打通使用，增加额度，并单设民营企业再贷款。合并使用支农支小再贷 款与再贴现额度，增加支农支小再贷款额度5000亿元，总额度中单设一项民营企业再贷款，额度1万亿 元，重点支持中小民营企业。 记者：罗知之 来源：人民网 三是增加科技创新和技术改造再贷款额度并扩大支持范围。将科技创新和技术改造再贷款额度从8000亿 元，增加4000亿元至1.2万亿元，并将研发投入水 ...

为更好发挥结构性货币政策工具的激励作用，引导金融机构加大对重大战略、重点领域和薄弱环节的支 持力度，中国人民银行决定：自2026年1月19日起，下调再贷款、再贴现利率0.25个百分点。下调后，3 个月、6个月和1年期支农支小再贷款利率分别为0.95%、1.15%和1.25%，再贴现利率为1.5%，抵押补充 贷款利率为1.75%，专项结构性货币政策工具利率为1.25%。 中国人民银行增加支农支小再贷款额度、设立民营企业再贷款，加大对中小微企业的金融支持力度 为贯彻落实党中央、国务院决策部署，加大对中小微企业的金融支持力度，中国人民银行决定增加支农 支小再贷款额度5000亿元，将支农支小再贷款额度与再贴现额度打通使用。在支农支小再贷款项下设立 民营企业再贷款，额度1万亿元，引导地方法人金融机构进一步聚焦重点，加力支持民营中小微企业。 民营企业再贷款的期限、利率、发放方式等与现行支农支小再贷款一致。 中国人民银行增加科技创新和技术改造再贷款额度4000亿元，支持"两新"政策优化实施 1月15日，中国人民银行发布多项金融政策，支持实体经济高质量发展。 中国人民银行决定下调再贷款、再贴现利率 碳减排支持工具按季操作，每 ...

五是拓展碳减排支持工具的支持领域。纳入节能改造、绿色升级、能源绿色低碳转型等更多具有碳减排 效应的项目，引导银行支持全面绿色转型。 六是拓展服务消费与养老再贷款的支持领域。结合健康产业认定标准，适时在服务消费与养老再贷款的 支持领域中纳入健康产业。 七是会同金融监管总局将商业用房购房贷款最低首付比例下调至30%，支持推动商办房地产市场去库 存。 二是将支农支小再贷款与再贴现打通使用，增加额度，并单设民营企业再贷款。合并使用支农支小再贷 款与再贴现额度，增加支农支小再贷款额度5000亿元，总额度中单设一项民营企业再贷款，额度1万亿 元，重点支持中小民营企业。 三是增加科技创新和技术改造再贷款额度并扩大支持范围。将科技创新和技术改造再贷款额度从8000亿 元，增加4000亿元至1.2万亿元，并将研发投入水平较高的民营中小企业等纳入支持领域。 四是合并设立科技创新与民营企业债券风险分担工具。将此前已经设立的民营企业债券融资支持工具、 科技创新债券风险分担工具合并管理，合计提供再贷款额度2000亿元。 北京商报讯（记者 董晗萱）1月15日，国新办举行新闻发布会，介绍货币金融政策支持实体经济高质量 发展成效。 中国人民 ...

与此同时， 2 026年1月15日（星期四）下午3时，国务院新闻办公室举行新闻发布会，中国人民银行新闻发言人、副行长邹澜，国家外汇局新闻发言人、副 局长李斌介绍货币金融政策支持实体经济高质量发展成效，并答记者问。 刚刚，央行接连发声！ 1月15日盘后， 中国人民银行官网 发布《 中国人民银行决定下调再贷款、再贴现利率 》公告。 央行表示， 为更好发挥结构性货币政策工具的激励作用，引导金融机构加大对重大战略、重点领域和薄弱环节的支持力度，中国人民银行决定：自2026年1月19日 起，下调再贷款、再贴现利率0.25个百分点。下调后，3个月、6个月和1年期支农支小再贷款利率分别为0.95%、1.15%和1.25%，再贴现利率为1.5%，抵押补充贷款 利率为1.75%，专项结构性货币政策工具利率为1.25%。 | | | | 中国人民银行 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | લ્વિત્ત | | THE PEOPLE'S BANK OF CHINA | | | | | | | ...

Core Viewpoint - The Chinese government has announced a series of financial policy measures aimed at lowering loan rates and supporting small and medium-sized enterprises, particularly in the context of promoting effective domestic demand and enhancing liquidity in the market [1][2]. 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% [1]. Group 2: Support for Small and Medium Enterprises - The quota for agricultural and small enterprise relending has been increased by 500 billion yuan, with a separate quota of 1 trillion yuan designated for private enterprises [1]. - The relending quota for technological innovation and technological transformation has been raised from 800 billion yuan to 1.2 trillion yuan, expanding support to high R&D investment private small and medium enterprises [1]. Group 3: Debt Risk Management - A combined risk-sharing tool for bonds related to technological innovation and private enterprises has been established, providing a total relending quota of 200 billion yuan [1]. Group 4: Green Transition Support - The scope of carbon reduction support tools has been expanded to include energy-saving renovations and green upgrades, encouraging banks to support comprehensive green transitions [1]. Group 5: Real Estate Market Support - The minimum down payment ratio for commercial property loans has been lowered to 30% to help reduce inventory in the commercial real estate market [2]. Group 6: Currency Risk Management - Financial institutions are encouraged to enhance their foreign exchange risk management services, offering cost-effective and flexible tools for enterprises [2].

Group 1 - The People's Bank of China (PBOC) has implemented multiple financial policies to support high-quality development of the real economy [1] - The PBOC has decided to lower the re-lending and re-discount rates by 0.25 percentage points, effective January 19, 2026, with new rates set at 0.95%, 1.15%, and 1.25% for 3-month, 6-month, and 1-year agricultural and small business re-lending respectively [2] - The PBOC has increased the re-lending quota for agricultural and small business support by 500 billion yuan and established a 1 trillion yuan re-lending for private enterprises to enhance financial support for small and micro enterprises [2] - An additional 400 billion yuan has been allocated to the re-lending quota for technological innovation and transformation, bringing the total to 1.2 trillion yuan, with a focus on high R&D investment private small and medium enterprises [2] Group 2 - The PBOC has expanded the carbon reduction support tool to include projects with direct carbon reduction effects, such as energy-saving renovations and green upgrades [3] - The carbon reduction support tool will operate quarterly, providing 1-year re-lending funds with an annual operation limit of 800 billion yuan [3] - The PBOC will determine quarterly operation volumes based on monetary policy needs and the loan issuance situation by financial institutions [3]

北京商报讯（记者 董晗萱）1月15日，据中国人民银行官网，为更好发挥结构性货币政策工具的激励作 用，引导金融机构加大对重大战略、重点领域和薄弱环节的支持力度，中国人民银行决定：自2026年1 月19日起，下调再贷款、再贴现利率0.25个百分点。下调后，3个月、6个月和1年期支农支小再贷款利 率分别为0.95%、1.15%和1.25%，再贴现利率为1.5%，抵押补充贷款利率为1.75%，专项结构性货币政 策工具利率为1.25%。 ...

1月15日，人民银行新闻发言人、副行长邹澜在国新办新闻发布会上表示，根据当前经济金融形势需要， 人民银行将先行推出两方面政策措施。一方面是下调各类结构性货币政策工具利率，提高银行重点领域信 贷投放的积极性。另一方面是完善结构性工具并加大支持力度，进一步助力经济结构转型优化。具体包括 以下几项： 一是 下调各类结构性货币政策工具利率0.25个百分点。各类再贷款一年期利率从目前的1.5%下调到 1.25%，其他期限档次利率同步调整。 二是 将支农支小再贷款与再贴现打通使用，增加额度，并单设民营企业再贷款。合并使用支农支小再贷款 与再贴现额度，增加支农支小再贷款额度5000亿元，总额度中单设一项民营企业再贷款，额度1万亿元， 重点支持中小民营企业。 三是 增加科技创新和技术改造再贷款额度并扩大支持范围。将科技创新和技术改造再贷款额度从8000亿 元，增加4000亿元至1.2万亿元，并将研发投入水平较高的民营中小企业等纳入支持领域。 五是拓展碳减排支持工具的支持领域。纳入节能改造、绿色升级、能源绿色低碳转型等更多具有碳减排效 应的项目，引导银行支持全面绿色转型。 六是拓展服务消费与养老再贷款的支持领域。结合健康产业认 ...