China's central bank sets up 500 billion yuan re-loan quota for scientific and technological innovation and technological transformation. The recipients include 21 financial institutions including China Development Bank, policy banks, state-owned commercial banks, Postal Savings Bank of China, and joint-stock commercial banks.
The People's Bank of. China believes that the establishment of technological. innovation and. technological transformation re-lending will help guide financial institutions to make independent decisions and bear. their own risks, to small and medium-sized technological enterprises in the start-up. and growth stages.