Reported 7 months ago
In order to support the development of technology enterprises, the People's Bank of China, in collaboration with other departments, has established a 5,000 billion yuan technology innovation and improvement loan fund, with 1,000 billion yuan specifically allocated to support first-time loans for small and medium-sized technology enterprises. The first batch of innovation loans has already been granted, with more to follow, benefitting about 7,000 qualified enterprises. Additionally, efforts to enhance cooperation between the People's Bank and the Ministry of Science and Technology aim to provide strong financial support for technological innovation and development, ultimately accelerating the growth of new productive forces in China.
Source: YAHOO