Central Bank: Including medium-sized private enterprises in the scope of refinancing support for private enterprises.

On January 15, Xie Guangqi, director of the monetary policy department of the People's Bank of China, stated at a press conference at the State Council Information Office that the refinancing for private enterprises will be placed under the category of agriculture-related and small business-related refinancing. In addition to continuing to support small and micro private enterprises, refinancing for medium-sized private enterprises will now also be included in the support scope. This will incentivize and guide local financial institutions to provide loans to small and medium-sized private enterprises. Xie Guangqi explained that the People's Bank of China will allocate 500 billion yuan from the existing agriculture-related and small business-related refinancing, and add an additional 500 billion yuan, totaling 1 trillion yuan for refinancing for private enterprises. In other words, the interest rates, terms, and other aspects of refinancing for private enterprises will be consistent with agriculture-related and small business-related refinancing, but the quota will be separate.