China's central bank reports progress on relending facility for sci-tech innovation

BEIJING, June 15 (Xinhua) -- China's central bank has reported its progress on the special relending facility in supporting sci-tech innovation, technical transformation and equipment renewal.

The central bank has selected nearly 7,000 firms as the first batch of eligible firms and recommended them to 21 banks, the People's Bank of China (PBOC) said in a statement.

According to the PBOC, of the special re