The PBOC said in its Q2 2026 Monetary Policy Implementation Report that financing for private firms remains structurally uneven: large private firms have relatively strong access, small and micro firms receive multiple support measures, while mid-sized private firms are a ‘squeezed’ layer lacking diversified funding and policy support. The central bank will continue to leverage re-lending incentives and use market-based guidance to push local financial institutions to increase credit to private

The PBOC said in its Q2 2026 Monetary Policy Implementation Report that financing for private firms remains structurally uneven: large private firms have relatively strong access, small and micro firms receive multiple support measures, while mid-sized private firms are a ‘squeezed’ layer lacking diversified funding and policy support. The central bank will continue to leverage re-lending incentives and use market-based guidance to push local financial institutions to increase credit to private firms and improve financing access for private SMEs and mid-sized enterprises.