The central bank increases the quota for re-lending to farmers and small businesses, establishes re-loan facilities for private enterprises, and increases financial support for small and medium-sized enterprises.

On January 15th, the central bank issued a document stating that in order to implement the decision and deployment of the Party Central Committee and the State Council, and to increase financial support for small and micro enterprises, the People's Bank of China has decided to increase the amount of re-lending for agriculture and small businesses by 500 billion yuan, and to integrate the amount of re-lending for agriculture and small businesses with the re-discount quota. Under the re-lending for agriculture and small businesses, a new re-lending for private enterprises is set up with a quota of 1 trillion yuan, to guide local financial institutions to focus more on supporting private small and micro enterprises. The term, interest rate, and disbursement method of re-lending for private enterprises are consistent with the current re-lending for agriculture and small businesses. This article is excerpted from the official website of the People's Bank of China. Editor: Feng Qiuyi.