CCTV News: In order to do a good job in financial support for flood prevention, disaster relief and post-disaster reconstruction, the People's Bank of China recently added a new re-loan amount of 100 billion yuan to support agriculture and small enterprises, guiding and encouraging financial institutions to increase credit support for business entities in disaster-stricken areas such as Beijing, Hebei, Jilin, Shandong, and Gansu, especially small and micro enterprises, individual industrial and commercial households, as well as agricultural, breeding enterprises and farmers.
In the next step, the People's Bank of China will urge relevant provinces (autonomous regions and municipalities) branches to make good use of the new re-loan quotas for agricultural and primary schools, guide financial institutions to actively connect with the financing needs of flood prevention, disaster relief and post-disaster reconstruction, and support business entities to accelerate the recovery of production and operation.
