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

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.