Loans to China's technology-focused small and medium-sized enterprises (SMEs) surged at an average annual rate of over 20% between 2021 and 2025, according to central bank governor Pan Gongsheng. The growth underscores efforts to bolster innovation-driven sectors under the 14th Five-Year Plan, aligning with broader economic modernization goals.
Pan highlighted that loans to micro and small businesses, as well as green development initiatives, also expanded by more than 20% yearly during the same period. This dual focus on tech and sustainability reflects China's strategy to balance industrial advancement with environmental priorities.
Analysts suggest the sustained financial support signals confidence in SMEs as engines of job creation and technological breakthroughs. The data comes amid global interest in Asia's green transition and its implications for supply chains and investment opportunities.
