China Development Bank: Disbursed 28.54 billion yuan in re-lending loans in the first quarter to support foreign trade small and micro enterprises

Reporters learned from the China Development Bank that in the first quarter of this year, the China Development Bank, based on its institutional characteristics, coordinated special resources, and extensively carried out peer cooperation, issuing a total of 28.54 billion yuan in special re-lending for stabilizing foreign trade, supporting over 6,500 foreign trade micro and small enterprises (transactions). The weighted average interest rate for borrowers was lower than the newly issued inclusive micro and small business loan interest rate nationwide during the same period, effectively helping relevant enterprises alleviate financing difficulties and high costs, stabilize orders, expand markets, and stabilize employment. According to reports, re-lending refers to policy financial institutions cooperating with small and medium-sized banks by providing wholesale funds, which are then re-lent by the latter, specifically to support micro and small enterprises. This business model combines the policy and funding advantages of policy financial institutions with the resource and human capital advantages of commercial banks, jointly helping to broaden financing channels for micro and small enterprises and reduce financing costs. It is understood that while supporting the development of foreign trade micro and small enterprises through re-lending, the China Development Bank has also set up direct loan quotas to increase support for key areas to stabilize foreign trade and foreign investment. (CCTV News)