As of the end of April, our city has implemented 6.308 billion yuan in re-lending for private enterprises, leveraging 44.451 billion yuan in loans for private small, medium, and micro-sized enterprises.

Since the introduction of the private enterprise re-lending policy this January, the Xingtai Branch of the People's Bank of China has cumulatively disbursed 6.308 billion yuan in re-lending for private enterprises by the end of April. This has enabled local corporate financial institutions within the city to extend 44.451 billion yuan in loans to private small, medium, and micro-sized enterprises, thereby enhancing the quality and efficiency of the private economy.

Reportedly, beyond offering low interest rates and substantial quotas, a key highlight of the private enterprise re-lending policy is its explicit inclusion of medium-sized private enterprises within the scope of support. This has precisely improved the financing accessibility for these medium-sized entities.

"This loan arrived just in time! With its low interest rate and long term, it resolved our major challenges in equipment upgrades and capital turnover," said Han Weiguo, a relevant official at Hebei Tianyu Agriculture and Animal Husbandry Technology Co., Ltd. in Longyao County, after the 4 million yuan loan was credited. Just as the company was grappling with a funding shortfall for its transformation efforts, the Longyao County Rural Credit Cooperative conducted an on-site enterprise survey. Leveraging the advantage of low-cost funds from the private enterprise re-lending program and breaking traditional credit constraints, it issued a 4 million yuan credit loan to the company, effectively "filling" the previous service gap.

Relying on low-cost private enterprise re-lending, local corporate financial institutions in the city have increased credit support for medium-sized private enterprises. This helps them overcome financing difficulties, accelerate transformation steps, and maintain development confidence amidst market changes.

It is reported that the Xingtai Branch of the People's Bank of China continues to optimize the management approach for private enterprise re-lending. It promotes the coordinated linkage between re-lending operations and fiscal support policies, thereby amplifying the policy's driving effect. The branch also guides financial institutions to innovate financial products, precisely matching the diverse financing needs of private small, medium, and micro-sized enterprises for production, operations, and project construction, thereby enhancing the quality and efficiency of financial services for the private economy.