PBOC Monetary Policy Department director Xie Guangqi said at a State Council Information Office briefing that, as of end-April 2026, banks had extended 1.5 tln yuan in loans for technological innovation and technology transformation. About 21,000 previously unbanked tech SMEs received first loans, and funding has supported 8,250 equipment-upgrade projects in key sectors.

2026-07-15

PBOC Monetary Policy Department director Xie Guangqi said at a State Council Information Office briefing that, as of end-April 2026, banks had extended 1.5 tln yuan in loans for technological innovation and technology transformation. About 21,000 previously unbanked tech SMEs received first loans, and funding has supported 8,250 equipment-upgrade projects in key sectors.