Global Trade Alert
Global Trade Alert

China: Central Bank announces stimulus package including CNY 300 billion special re-lending facility and CNY 500 billion swap programme

Announcement

24 Sep 2024

In September 2024, the People's Bank of China (PBOC) announced state aid measures as part of a "new stimulus to boost high-quality economic development". Among others, it announced the creation of a CNY 300 billion special re-lending facility and a CNY 500 billion swap programme.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

24 Sep 2024

Revocation date:

No revocation date

State loan In force

On 24 September 2024, the People's Bank of China (PBOC), China's central bank, announced the establishment of a CNY 300 billion (USD 42.67 billion) special re-lending facility to provide loans to list...

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State aid, nes In force

On 24 September 2024, the People's Bank of China (PBOC), China's central bank, announced the establishment of a CNY 500 billion (USD 71.1 billion) swap programme "for securities, funds and insurance c...

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