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In alignment with the decisions made by the Central Committee of the Communist Party of China and the State Council, and with a view to streamlining the implementation of policies aimed at fostering new quality productive forces and modernizing traditional industries, as well as effectively advancing the work of technology-driven finance, the People's Bank of China has resolved to elevate the re-lending quota for technological innovation and technological transformation by a substantial 400 billion yuan. This move brings the cumulative quota to an impressive 1.2 trillion yuan. Furthermore, commencing in 2026, the scope of policy support will be judiciously broadened to encompass private small and medium-sized enterprises that demonstrate relatively elevated levels of investment in research and development (R&D).
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