China central bank to set up $70 bln tech re-lending programme
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China's central bank will establish a 500 billion yuan ($70 billion) re-lending program to support the country's science and technology sectors. The program will offer loans through 21 banks to small and midsize technology companies at an interest rate of 1.75%. The one-year loans can be extended twice, for up to a year each time.

#ChinaCentralBank #TechRelendingProgram #Loans #TechnologyCompanies

https://asia.nikkei.com/Economy/China-central-bank-to-set-up-70-bln-tech-re-lending-programme