On July 15, Xie Guangqi, director of the Monetary Policy Department of the People's Bank of China, said at the press conference of the State Information Office that by the end of April 2026, banks had issued 1.5 trillion yuan of loans for scientific and technological innovation and technological transformation, and 21,000 technology-based small and medium-sized enterprises that did not have loans before achieved initial loans, providing financial support for 8,250 equipment renewal projects in key areas.

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