Global Trade Alert
Global Trade Alert

China: Central Bank announces CNY 500 billion relending facilty to support small and medium-sized tech companies

Announcement

07 Apr 2024

In April 2024, the People's Bank of China (PBOC), China's central bank, announced the launch of a CNY 500 billion relending facility to "support sci-tech-oriented SMEs' innovation, technical transformation and equipment renewal."

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Apr 2024

Revocation date:

06 May 2025

Updated: 07 Apr 2024
State loan

On 7 April 2024, the People's Bank of China (PBOC), China's central bank, announced the launch of a CNY 500 billion (USD 69.12 billion) re-lending facility to "support sci-...

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