PBOC: Increase the amount of rediscounting for technological innovation and technological transformation by 300 billion yuan, increase the amount of rediscounting for supporting agriculture and small businesses by 300 billion yuan.

According to the Securities Times app, on May 7th, the People's Bank of China announced that it has decided to increase the quota for technology innovation and technical transformation refinancing by 300 billion yuan. After the increase, the total quota for technology innovation and technical transformation refinancing will reach 800 billion yuan, no longer separately listing the quota for supporting first-time loans to technology-oriented small and medium-sized enterprises and the quota for supporting loans for technological transformation and equipment upgrading projects. In addition, the quota for refinancing to support agriculture and small businesses will be increased by 300 billion yuan.