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2026-11-04 09:08:30
[People's Bank of China Strengthens Implementation of Stock Repurchase and Shareholding Increase Relending Policy] To maintain the stable operation of the capital market, the People's Bank of China (PBOC) is strengthening the implementation of the stock repurchase and shareholding increase relending policy. I. Effective November 4, 2026, the interest rate for stock repurchase and shareholding increase relending will be lowered by 0.25 percentage points to 1%. The stock repurchase and shareholding increase relending program will support 21 national banks and 5 systemically important city commercial banks, with a support ratio of 100%, a term of one year, and can be extended as needed by the banks. Banks can appropriately add points to the relending rate to reasonably determine the term and interest rate of the stock repurchase and shareholding increase loan, accelerate loan disbursement, and enhance the market capitalization management capabilities of listed companies and major shareholders. II. Sufficient relending quotas will be provided to banks. Following the stock repurchase and shareholding increase relending symposium on November 2, banks have submitted applications for stock repurchase and shareholding increase relending quotas exceeding RMB 200 billion to the PBOC. Going forward, the PBOC will continue to fully meet the banks' relending needs and support banks in actively connecting with the financing needs of listed companies and major shareholders. (People's Bank of China)
