The RMB1.8 trillion quotas of central bank lending and central bank discounts were launched in three batches and have been gradually put in place.
The two monetary policy tools that enable direct support for the real economy, namely one for provisional deferment of loan repayments by micro, small and medium-sized enterprises (MSMEs) and the other for supporting unsecured inclusive loans to micro and small businesses (MSBs), have been carried out at a faster pace, which further boosted direct support for MSBs.