Global Trade Alert
Global Trade Alert

China: Central Bank announces CNY 35 billion increase in re-lending quota to support SMEs and agriculture enterprises affected by disasters

Announcement

16 Aug 2023

In August 2023, the Central Bank announced it would increase the re-lending quota in order to support Chinese SMEs and agricultural enterprises in 6 provinces affected by recent disasters.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Aug 2023

Revocation date:

No revocation date

Announced: 16 Aug 2023
Lending support In force
On 16 August 2023, the People's Bank of China, China's central bank, announced it was allocating CNY 35 billion (USD 4.8 billion) to support domestic agricultural enterprises. According to the press r...
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Announced: 16 Aug 2023
Lending support In force
On 16 August 2023, the People's Bank of China, China's central bank, announced it was allocating CNY 35 billion (USD 4.8 billion) to support domestic SMEs. According to the press release, the state ai...
Sign in to see more

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