China: Central Bank announces CNY 100 billion increase in re-lending quota to support SMEs and agricultural enterprises affected by recent natural disasters

Announcement

13 Aug 2024

In August 2024, the People's Bank of China announced it would increase the re-lending quota in order to support Chinese SMEs and agricultural enterprises in several provinces affected by recent natural disasters.

Source

Number of interventions

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

13 Aug 2024

Revocation date:

No revocation date

State loan In force

On 13 August 2024, the People's Bank of China, China's central bank, announced providing CNY 100 billion (USD 13.96 billion) in financing to, among others, agricultural enterprises affected by recent ...

State loan In force

On 13 August 2024, the People's Bank of China, China's central bank, announced providing CNY 100 billion (USD 13.96 billion) in financing to, among others, SMES affected by recent natural disasters su...

Related State Acts

30 Jun 2023

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

07 May 2025

China: Central Bank announces additional CNY 300 billion relending quota for agriculture businesses and SMEs

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