PBOC Shanghai headquarters said it will implement five major financial
initiatives centered on optimizing institutional mechanisms, deploying
policy-tool incentives and building the financial ecosystem. Targeted monetary
instruments cited include re-lending for technological innovation and
transformation, a carbon-reduction support tool, re-lending for agriculture and
small firms, and consumption-and-eldercare re-lending. In coordination with
other departments it will roll out products including a Shanghai sci-tech points
loan, loans for specialized and innovative SMEs, IP-pledge loans,
carbon-emission-rights-pledge loans, agricultural-facilities-pledge loans,
biodiversity loans, job-stabilization/expansion loans, eldercare-service trusts
and a pilot to treat data as an economic factor. Measures will prioritize credit
and industry-finance matching for Shanghai’s three leading industries, future
industries, domestic-demand expansion and public services, guide banks to raise
lending, and push ahead with a technology-themed bond board.