People's Bank of China raised the re-lending and rediscount quota for
agriculture and small businesses by 500 billion yuan, including a 300 billion
yuan increase earmarked for private enterprises. The quota rises to 4.85
trillion yuan from 4.35 trillion yuan; the private-enterprise re-lending
allocation increases to 1.3 trillion yuan from 1.0 trillion yuan. PBOC said the
move will further encourage locally incorporated banks to expand credit to
agricultural borrowers and small, micro and private enterprises.
