The Third Session of the 14th National People's Congress held an economic theme press conference today (6th), and the heads of relevant departments answered questions from Chinese and foreign reporters on issues such as development and reform, fiscal budget, business, financial securities, etc.
People's Bank of China Governor Pan Gongsheng said that in the near future, in order to further increase financial support for scientific and technological innovation, the People's Bank of China will work with the China Securities Regulatory Commission, the Ministry of Science and Technology and other departments to innovate and launch the "technology board" of the bond market. At the same time, the People's Bank of China will further optimize the re-lending policy of scientific and technological innovation and technological transformation, further expand the scale of re-lending, from the current 500 billion yuan to 800 billion yuan to 1 trillion yuan; reduce the re-lending interest rate; expand the scope of re-lending support, significantly increase policy coverage; maintain fiscal interest subsidies, further reduce corporate financing costs; and optimize the re-lending usage process.
