Home » The central bank adds 300 billion yuan of small reloans

The central bank adds 300 billion yuan of small reloans

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Summary

[The central bank adds 300 billion yuan of small re-loan lines]The reporter learned from the People’s Bank of China website on September 9 that in accordance with the deployment of the State Council’s executive meeting, the People’s Bank of China added 300 billion yuan to increase relief assistance for small, medium and micro enterprises. Yuanzhi small reloan lines will be issued to qualified local corporate banks at preferential interest rates within the remaining 4 months of this year to support them in increasing loans for small and micro enterprises and individual industrial and commercial households. The average loan interest rate is required to be around 5.5%, leading to a reduction. Financing costs for small and micro enterprises. (Economic Information Daily)

Reporter from the Chinese people on September 9BankThe website was informed that in accordance with the deployment of the executive meeting of the State Council, the peopleBankAn additional 300 billion yuan of small reloan lines will be offered with preferential treatment within the remaining 4 months of this yearinterest rateDistributed to qualified local legal personBank, Support it to increase loans for small and micro enterprises and individual industrial and commercial households, and require loans to be averagedinterest rateAt around 5.5%, guide the reduction of financing costs for small and micro enterprises.

According to reports, the 300 billion yuan re-loan for small and medium-sized enterprises is issued in a “loan-before-borrowed” model. Local corporate banks first grant loans to small and micro enterprises and individual industrial and commercial households, and then apply for small and small re-loans in equal amounts to ensure the accuracy and accuracy of the re-lending policy. Direct effect.

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The executive meeting of the State Council held on September 1 made arrangements to intensify relief assistance to market entities, especially small, medium and micro enterprises, strengthen policy reserves, and make cross-cyclical adjustments. Dong Ximiao, chief researcher of China Merchants Finance, said that the deployment of the executive meeting of the State Council is very necessary, which will help stabilize the confidence and expectations of market entities and further consolidate the effects of previous policies.

(Source: Economic Information Daily)

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