The People's Bank of China announced an increase of 200 billion yuan in the relending quota for technological innovation and technological upgrading, and a uniform increase in the support ratio for this relending from 60% to 100%. After the increase, the relending quota for technological innovation and technological upgrading will rise from 1.2 trillion yuan to 1.4 trillion yuan, with a higher support ratio. This will help guide banks to increase lending to small and medium-sized technology enterprises and better support enterprises in expanding investment in equipment upgrades in key areas.