https://news.cgtn.com/news/2020-02-27/PBOC-increases-re-lending-re-discount-quota-by-500-billion-yuan-OqpvLCqbh6/index.html

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China's central bank said on Wednesday it has increased re-lending and re-discount quota by 500 billion yuan (71.2 billion U.S. dollars) to help medium-sized, small and micro enterprises weather through the epidemic. The re-lending rate for rural areas, agriculture, farmers and smaller businesses will also be lowered by 25 basis points to 2.5 percent, the People's Bank of China (PBOC) said in a videophone conference. Among the 500 billion yuan, 300 billion yuan will be allocated to small firms, 100 billion yuan to agricultural firms, and the re-discount quota will be 100 billion yuan, said the PBOC. The PBOC also said it will offer more funding supports to key industries including travel ... Full story

27 February

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