[The People's Bank of China steps up the implementation of the stock repurchase, holdings, and re-lending policy] November 4th: In order to maintain the smooth operation of the capital market, the People's Bank of China steps up the implementation of the stock repurchase, holdings, and re-lending policy. 1. Starting from November 4, 2026, the stock repurchase and holding increase refinancing interest rate will be reduced by 0.25 percentage points to 1%. The support targets for stock repurchase, holdings increase and re-lending are 21 national banks and 5 systemically important city commercial banks. The support ratio is 100% and the period is 1 year, which can be extended according to the needs of the bank. Banks can add appropriate points to the re-lending interest rate, reasonably determine the loan period and interest rate for stock repurchase and increase holdings, speed up loan disbursement, and enhance the market value management capabilities of listed companies and major shareholders. 2. Provide banks with adequate re-loan quota guarantees. After the symposium on stock repurchases and holdings and re-lending on November 2, banks have submitted applications to the People's Bank of China for stock repurchases and holdings and re-loans of more than 200 billion yuan. In the future, the People's Bank of China will continue to fully meet the re-lending needs of banks and support banks in actively meeting the financing needs of listed companies and major shareholders.