The Central Bank increases the amount of re-lending for technological innovation and technological transformation by 300 billion yuan.

In order to support the expansion of "two new" policies, guide financial institutions to accelerate the issuance of loans in relevant areas, and continue to do well in the "five major areas" of finance, the People's Bank of China has decided to increase the re-lending quota for technological innovation and technological transformation by 300 billion yuan. After the increase, the total quota for technological innovation and technological transformation re-lending will reach 800 billion yuan, without further allocating quotas for supporting first-time loans for technology-based small and medium-sized enterprises and loans for supporting technological transformation and equipment upgrading projects.