The People's Bank of China announced plans to expand the scope of its pledged supplementary lending program. The program will include the construction of six major networks—water networks, new-type power grids, computing power networks, next-generation communication networks, urban underground pipe networks, and logistics networks—into the pledged supplementary lending program. This initiative aims to guide policy banks to increase financial support for the construction of these six networks, thereby helping to expand effective investment and tap into the potential of domestic demand.
