On July 14, Peng Lifeng, Director of the Credit Market Department at the People's Bank of China (PBOC), announced that to provide sustained support to private enterprises and small-and-medium-sized enterprises (SMEs), the PBOC will intensify financial resource allocation, maintain a moderately accommodative monetary policy, and employ structural tools to foster the normative development of supply chain finance. This initiative aims to fortify financial backing for private enterprises and SMEs.