People's Bank of China cuts the one-year PSL rate and expands relending for tech upgrades
Question
People's Bank of China cuts the one-year PSL rate and expands relending for tech upgrades
Direct answer
Lower policy funding costs support Chinese credit growth and may lift property and technology shares while weighing on yuan rate support.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-29
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “People's Bank of China cuts the one-year PSL rate and expands relending for tech upgrades”, revision 1, evidence through 2026-09-29. https://marketontology.com/market-events/2026-09-29/people-s-bank-of-china-cuts-the-one-year-psl-rate-and-expands-relending-for-tech-e8de98
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| CNY | easier domestic liquidity and lower policy rates reduce carry support | Down1-5d | the PBOC cut the PSL rate and expanded relending quotas |
| FXI | liquidity support and housing measures improve sentiment toward China equities | Up1-5d | the PBOC announced cheaper policy funding and larger tech relending |
| BABA | broader policy easing can support domestic demand and credit conditions | Up1-5d | interest subsidies for housing loans and a larger relending quota were announced |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FXI | Updisagreed | 33.86 2026-09-29 | +0.47% | -0.27% | Pending |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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