(Yicai Global) Oct. 23 -- China's central bank says it will boost relending and rediscount quotas by CNY150 billion (USD21.7 billion) to help the financing needs of small enterprises.

This is in addition to another CNY150 billion worth of similar quotas that were issued in June. Monday's notice also says there will be guidelines for corporate bond issues.

These include using tools like Credit Risk Mitigation and providing initial funding to institutions that can help enhance the credit profile of private companies that are operating normally, but face temporary liquidity difficulties.

In recent weeks, the government has reaffirmed its support for private enterprises. On Monday, the State Council announced it would support bond financing by private firms, adding that the central bank will provide funding to facilitate this.

The private sector accounts for 60 percent of China's GDP and 80 percent of urban jobs.