Chinese private re-lending surpasses 600 billion yuan
The policy of re-lending funds to private companies in China has provided more than 600 billion yuan in financing by the end of April 2026, following the central bank's allocation of one trillion yuan at the beginning of the year. These measures have helped support over 300,000 small and medium-sized enterprises in the fields of science and technology, with the loan approval rate reaching 50.4%. This support aims to boost innovation, improve the quality and efficiency of companies, and promote the development of distinctive local industries.
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