set up 500 billion yuan for service consumption and elderly care re-lending

   On May 7th, the Information Office of The State Council held a press conference. The heads of the People's Bank of China, the National Financial Supervision and Administration Commission, and the China Securities Regulatory Commission introduced the relevant situation of the "package of financial policies to support stabilizing the market and expectations" and answered questions from journalists.
  At the press conference, Pan Gongsheng, governor of the People's Bank of China, introduced that the People's Bank of China will set up 500 billion yuan of re-lending for service consumption and elderly care, and increase low-cost financial support for key areas of consumption.