In the structure of money and credit, the People's Bank of China plays a role in macro-prudential policy and structural monetary policy tools. It establishes technology innovation and technological transformation re-lending, increases financial support for technology innovation and equipment renovation. It launches a real estate support policy package, including reducing the minimum down payment ratio for personal housing loans, canceling the lower limit of personal housing loan interest rates, lowering the interest rates of provident fund loans, and establishing re-lending for guarantee housing, market-oriented manner to accelerate the destocking of existing commercial housing. Currently, the balance of structural monetary policy tools is around 7 trillion yuan, accounting for about 15% of the size of the People's Bank of China's balance sheet, focusing on supporting key sectors and weak links in the national economy such as small and micro-enterprises and green transformation.
潘功胜：推出房地产支持政策组合 包括降低个人住房贷款最低首付比例等
Pan Gongsheng: Introducing a combination of real estate support policies, including reducing the minimum down payment ratio for personal housing loans.
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