Xie Guangqi, director of the monetary policy department of the People's Bank of China, said at the press conference of the State Information Office on July 15 that since the introduction of the private enterprise reloan policy at the beginning of the year, the central bank has actively organized policy presentations, launched the first operation in February, and launched an online operation within the system in June, greatly improving the efficiency of issuing reloans to private enterprises. Xie Guangqi explained that at present, the reloan balance for private enterprises has exceeded 760 billion yuan, and the recipients are local legal financial institutions. Judging from the incentive effect, at the end of the first quarter of this year, loans issued by local legal financial institutions to micro, small and medium-sized private enterprises increased by 4.2% compared to the beginning of this year, and about 1 percentage point higher than the increase in various loans from financial institutions at the beginning of the year. Looking at interest rates, the weighted average interest rate level for micro, small and medium-sized private enterprises issued by local legal financial institutions in the first quarter fell 45 basis points compared to the same period last year. This decline was also 24 basis points more than the reduction in interest rates on various loans from financial institutions.

Xie Guangqi, director of the monetary policy department of the People's Bank of China, said at the press conference of the State Information Office on July 15 that since the introduction of the private enterprise reloan policy at the beginning of the year, the central bank has actively organized policy presentations, launched the first operation in February, and launched an online operation within the system in June, greatly improving the efficiency of issuing reloans to private enterprises. Xie Guangqi explained that at present, the reloan balance for private enterprises has exceeded 760 billion yuan, and the recipients are local legal financial institutions. Judging from the incentive effect, at the end of the first quarter of this year, loans issued by local legal financial institutions to micro, small and medium-sized private enterprises increased by 4.2% compared to the beginning of this year, and about 1 percentage point higher than the increase in various loans from financial institutions at the beginning of the year. Looking at interest rates, the weighted average interest rate level for micro, small and medium-sized private enterprises issued by local legal financial institutions in the first quarter fell 45 basis points compared to the same period last year. This decline was also 24 basis points more than the reduction in interest rates on various loans from financial institutions.