In order to incentivize and guide locally incorporated financial institutions to further step up the supply of credit for agro-related businesses, micro and small businesses (MSBs), and private enterprises, and make continued efforts to develop technology finance, green finance, inclusive finance, old-age finance, and digital finance, the People’s Bank of China (PBOC) has decided to increase the central bank lending quota for rural development and MSBs by RMB300 billion.

In recent years, the PBOC has been beefing up the central bank lending for the rural sector and MSBs, which is a long-term instrument providing support for inclusive finance. As of April 1, 2025, the previous central bank lending for rural development and that for MSBs have been combined into the central bank lending facility for rural development and MSBs. It will be better managed to play a more effective role in providing guidance and incentives.