According to data from the People's Bank of China, in the first three quarters, financial support for technological innovation, inclusiveness, and green development continued to show strength, and credit in the technology sector maintained a relatively rapid growth rate. Data show that at the end of the third quarter, China's loan balance for technology-based SMEs was 4.27 trillion yuan, up 20.1% year on year, 15.4 percentage points higher than various loans. More than half of the high-tech enterprises received loan support. For a wide range of small and micro players, financial services are also being iteratively upgraded using digital technology. Since this year, digital yuan loans have been promoted in many places to provide small and micro enterprises with comprehensive financing and payment solutions with fast loans and low costs.

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