{"id":285574,"date":"2026-01-15T10:34:07","date_gmt":"2026-01-15T10:34:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/285574\/"},"modified":"2026-01-15T10:34:07","modified_gmt":"2026-01-15T10:34:07","slug":"developing-china-to-cut-key-policy-relending-rates-expand-credit-support-for-private-and-tech-firms","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/285574\/","title":{"rendered":"Developing | China to cut key policy relending rates, expand credit support for private and tech firms"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s central bank will slash key policy relending rates by a quarter of a percentage point, its deputy governor announced at Thursday\u2019s press conference in Beijing.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The one-year rate of the People\u2019s Bank of China\u2019s structural relending tools will be lowered to 1.25 per cent from the current 1.5 per cent, said Zou Lan, the deputy governor.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWe still have certain room for a cut of the reserve requirement ratio and interest rate for this year,\u201d Zou said, adding that the cut of relending rates would take effect on Monday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">According to Zou, the central bank will link the relending programme for agricultural and small businesses with the rediscount facility, increase the quota, and separately establish a relending facility for private enterprises.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The new plan includes an extra 500 billion yuan (US$71.7 billion) for agriculture and small businesses, and a dedicated 1 trillion yuan facility for small and medium-sized private firms, which will be the primary focus of support.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The bank will also expand its relending programme for technological innovation and industrial upgrading, increasing the quota from 800 billion yuan to 1.2 trillion yuan, Zou said.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s central bank will slash key policy relending rates by a quarter of a percentage point, its deputy&hellip;\n","protected":false},"author":2,"featured_media":285575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,632,179,18,19,17,7441,9708],"class_list":{"0":"post-285574","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-central-bank","10":"tag-economy","11":"tag-eire","12":"tag-ie","13":"tag-ireland","14":"tag-monetary-policy","15":"tag-pboc"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115898670362899850","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/285574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=285574"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/285574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/285575"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=285574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=285574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=285574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}