Central Bank: Currently the balance of loans to private enterprises has exceeded 760 billion yuan.

Xie Guangqi, Director of the Monetary Policy Department of the People's Bank of China, said at a press conference on July 15 that since the beginning of the year, the central bank has actively organized policy advocacy for the re-lending policy for private enterprises. The first operation was launched in February, and in June, online operations within the system were initiated, greatly improving the efficiency of re-lending to private enterprises. Xie Guangqi stated that the current balance of re-lending to private enterprises has exceeded 760 billion yuan, with financial institutions as the recipients. In terms of incentive effects, by the end of the first quarter of this year, loans to small and micro private enterprises issued by local financial institutions had increased by 4.2% compared to the beginning of the year, which is about 1 percentage point higher than the increase in loans issued by financial institutions in various aspects. In terms of interest rates, the weighted average interest rate level for loans to small and micro private enterprises issued by local financial institutions in the first quarter was 45 basis points lower than the same period last year, which is also 24 basis points lower than the decrease in interest rates for loans issued by financial institutions in various aspects.