PBC: Promote the implementation of the rental housing loan support plan steadily in pilot cities

Zou Lan, director of the Monetary Policy Department of the People’s Bank of China (PBC), said at a press conference on August 4 that multiple measures are being taken to support technological innovation. In accordance with the requirements of the executive meeting of the State Council, we should implement the plan to support the financing of technology-based enterprises. Relevant departments should enhance the guidance of the technological innovation lending policy, and further strengthen the willingness and ability of financial institutions to serve technology-based enterprises. At the end of June, the balance of re-loans for technological innovation was 320 billion yuan, an increase of 120 billion yuan from the end of the previous year, stimulating financial institutions to issue about 1.75 trillion yuan in loans to technology-based enterprises. In addition to the above-mentioned measures, we should support the stability of the real estate market. The implementation of the affordable housing loan support program will continue until the end of May 2024, while the rental housing loan support program in pilot cities will also continue to advance.