China’s Central Bank Adds Six Network Types to PSL Support Scope

TREE NEWS update: The People’s Bank of China adjusted several monetary policy tools to expand the scope of its Pledged Supplementary Lending (PSL) program, adding the construction of six network categories — water networks, new-type power grids, computing power networks, next-generation communications networks, urban underground pipe networks and logistics networks — as eligible areas. The move directs policy banks to increase financial support for these “six networks” and aims to boost effective investment and tap domestic demand potential.