The People's Bank of China has increased its re-lending quota by 100 billion yuan to support flood prevention, disaster relief, and post-disaster reconstruction in some areas.

In order to thoroughly implement the important instructions of General Secretary Xi Jinping on flood prevention and disaster relief work and the decision-making arrangements of the Party Central Committee and the State Council, and to do a good job in financial support for flood prevention and disaster relief, the People's Bank of China has recently increased the re-lending quota for agriculture and small businesses by 100 billion yuan, guiding and encouraging financial institutions to increase credit support for operating entities, especially small and micro enterprises, individual businesses, agriculture, livestock enterprises, and farmers in disaster-affected areas such as Beijing, Hebei, Jilin, Shandong, and Gansu. Next, the People's Bank of China will urge relevant provincial branches to make good use of the increased re-lending quota for agriculture and small businesses, guide financial institutions to actively connect with the financing needs of flood prevention and disaster relief and post-disaster reconstruction, and support operating entities to accelerate the resumption of production and operation.