Banks Extend 1.5 Trillion Yuan in Tech Innovation Loans as of End-April 2026

According to Jin10, the People's Bank of China announced on July 15 that as of the end of April 2026, Chinese banks had issued 1.5 trillion yuan in loans for scientific and technological innovation and technical transformation. The loans have supported 21,000 previously unbankrolled tech-focused small and medium enterprises in securing their first loans, and provided funding for 8,250 equipment upgrade projects in key sectors.
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