The People's Bank of China has decided to combine the quotas for the use of two monetary policy tools to support the capital market.

In October 2024, the People's Bank of China, along with relevant departments, established two tools to support the stable development of the capital market, namely the convenient exchange of securities, funds, and insurance companies and the repurchase and increase of stocks for re-lending, with initial quotas of 500 billion yuan and 300 billion yuan respectively. The two tools operate in accordance with market principles and have played a positive role in promoting the smooth operation of the capital market. In order to further enhance the convenience and flexibility of tool usage, the total quota of the two tools will be merged and used as 800 billion yuan from today, better meeting the needs of different types of institutions and supporting the enhancement of the intrinsic stability of the capital market.