On July 15, the Information Office of the State Council held a press conference to introduce monetary policy implementation and financial statistics for the first half of 2026, and answer questions from reporters. At the meeting, relevant officials explained that at present, the total amount of refinancing for scientific and technological innovation and technological transformation is 1.2 trillion yuan. The main effect is to motivate financial institutions to strengthen financial services for small and medium-sized technology enterprises and large-scale equipment upgrades, which has achieved good results. By the end of April this year, loans issued by banks for technological innovation and technological transformation had reached 1.5 trillion yuan. Among them, science and technology innovation loans are 218.8 billion yuan, and 21,000 technology-based small and medium-sized enterprises that did not have loans before have achieved their first loan. These enterprises are often in the start-up period and growth period. Once they have their first loan records, subsequent financing will be much easier. The current balance of technological transformation and equipment renewal loans has been disbursed at 1.3 trillion yuan, providing financial support for a total of 8,250 equipment renewal projects in key areas. The weighted average interest rate for loans was about 2.7%, which effectively stimulated investment and financing needs. This tool has been well reflected on both the financial side and the industrial side. Technology-based SME loans maintained a high growth rate of around 20% this year. According to statistics, in the first five months, investment in the purchase of equipment and tools increased by 9.3% year-on-year, and the growth rate increased by 2.2 percentage points over the same period last year.

On July 15, the Information Office of the State Council held a press conference to introduce monetary policy implementation and financial statistics for the first half of 2026, and answer questions from reporters. At the meeting, relevant officials explained that at present, the total amount of refinancing for scientific and technological innovation and technological transformation is 1.2 trillion yuan. The main effect is to motivate financial institutions to strengthen financial services for small and medium-sized technology enterprises and large-scale equipment upgrades, which has achieved good results. By the end of April this year, loans issued by banks for technological innovation and technological transformation had reached 1.5 trillion yuan. Among them, science and technology innovation loans are 218.8 billion yuan, and 21,000 technology-based small and medium-sized enterprises that did not have loans before have achieved their first loan. These enterprises are often in the start-up period and growth period. Once they have their first loan records, subsequent financing will be much easier. The current balance of technological transformation and equipment renewal loans has been disbursed at 1.3 trillion yuan, providing financial support for a total of 8,250 equipment renewal projects in key areas. The weighted average interest rate for loans was about 2.7%, which effectively stimulated investment and financing needs. This tool has been well reflected on both the financial side and the industrial side. Technology-based SME loans maintained a high growth rate of around 20% this year. According to statistics, in the first five months, investment in the purchase of equipment and tools increased by 9.3% year-on-year, and the growth rate increased by 2.2 percentage points over the same period last year.