The central bank: increase the re-lending quota for technological innovation and technological transformation by 400 billion yuan to support the optimization of the implementation of the "two new" policies.

According to the announcement of the People's Bank of China on January 15th, in order to implement the decisions and deployments of the Party Central Committee and the State Council, optimize the implementation of the "two new" policies, and further make great achievements in science and technology finance, the People's Bank of China has decided to increase the amount of refinancing for technology innovation and technological transformation by 400 billion yuan. After the increase, the total amount of refinancing for technology innovation and technological transformation will be 1.2 trillion yuan. The policy support areas will be appropriately expanded, and starting from 2026, private small and medium-sized enterprises with high levels of research and development investment will be included in the policy support areas for technology innovation and technological transformation refinancing. This article is reprinted from the official WeChat account of the People's Bank of China. Editor: Xu Wenqiang.