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
Recent update from 15 Jan 2026:
On 15 January 2026, the PBOC announced an increase of CNY 400 billion in the re-lending facility (see related state act).
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Related State Acts
19 Jan 2026
China: Expansion of interest payment subsidy scheme to support large-scale renewal of equipment and technological innovation (January 2026)
15 Jan 2026
China: Central Bank announces CNY 400 billion increase in relending quota for technical innovation and and equipment renewal
07 May 2025
China: Central Bank announces CNY 300 billion increase in relending quota for technical transformation and equipment renewal
27 Dec 2024
China: Extension of interest payment subsidy scheme to support large-scale renewal of equipment
21 Jun 2024
China: Interest payment subsidy scheme to support large-scale renewal of equipment
07 Mar 2024
China: Guideline for promoting large-scale equipment updates
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