PBOC Shanghai and 10 municipal agencies held a cross-agency meeting in advance tech-innovation and technical-transformation lending. As of end-Q1 2026, signed loan commitments totaled 149.0 bln yuan and outstanding loans 67.6 bln yuan, roughly double

2026-06-15

PBOC Shanghai and 10 municipal agencies held a cross-agency meeting in advance tech-innovation and technical-transformation lending. As of end-Q1 2026, signed loan commitments totaled 149.0 bln yuan and outstanding loans 67.6 bln yuan, roughly double year-earlier. Authorities instructed deeper interdepartmental coordinate to implement the latest national policy package, accelerate project identification and submission across existing and newly expanded support areas, and directed Shanghai financial institutions to close service gaps, boost delivery efficiency, proactively recommend projects to sector regulators, and expand loan volume and coverage.