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China: Central Bank announces CNY 200 billion increase in re-lending quota to support SMEs and agricultural enterprises

Description

On 30 June 2023, the People's Bank of China, China's central bank, announced it was allocating CNY 120 billion (USD 16.5 billion) to support Chinese SMEs. According to the press release, the state aid...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Jun 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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