A senior People’s Bank of China (PBOC) official said (August 21) that China’s central bank does not plan to expand its efforts to extend credit to small businesses in the fight against the coronavirus pandemic as the tools involved have already provided the support they needed and the economy has returned to normal. The PBOC and the Ministry of Finance had set up a special purpose vehicle (SPV) in June, that aimed to channel as much as 440 billion yuan ($63.6 billion) to regional banks so that they could provide new loans and roll over maturing loans to small businesses. Gao Fei, a Deputy Director-General of the Financial Market Department of the PBOC, said at a press conference (August 21) that the central bank currently has no plan to enlarge the scale of the SPV. He said as economic operations have gradually returned to normal, the finances of many small businesses have improved so that they no longer need loan extensions.