The People's Bank of China sets up re-loans for technological innovation and technological transformation to support technological innovation, technological transformation and equipment renewal. The recipients include 21 financial institutions including China Development Bank, policy banks, state-owned commercial banks, Postal Savings Bank ofChina, and joint-stock commercial banks.
Re-lending is a continuation of the original re- Loan for technological Innovation and special re-Loan for equipment upgrading. Reform and improvement will be carried out on the basis of summarizing the experience of the two tools to support financial institutions in improving the quality of financial services.