The People’s Bank of China will intensify a re-lending facility to support stock
buybacks and shareholding increases, lowering the facility rate by 25bps to
1.00% effective Nov. 4, 2026. The facility covers 21 national banks and five
systemically important city commercial banks with 100% support; loans carry a
one-year tenor, renewable on banks’ request. Banks may add spreads above the
re-lending rate and set loan terms and pricing; the PBOC will provide ample
re-lending quota and accelerate lending to strengthen listed companies’ and
major shareholders’ market-cap management.
