Breaking
BRTwo men die in clash with police during operation in MTARReports that 7 people were killed and about 10 injured by gunfire during a funeral in a church in KarakFRMulti-storey building under construction collapses in Nairobi, KenyaARHundreds of flights have been canceled across East Asia as Typhoon Champi approaches TaiwanCNTaojie canceled direct trains and overtime buses on the 24th, and maintained a 15-minute interval for regular buses.CNBe wary of false information related to the 7.0-magnitude Baqing earthquake in Tibet (2026·10·23)CNLevel 14 strong gusts appeared in San Diaojiao! Strong winds and heavy rain will continue until tomorrow morningBRUFSC opens more than 5 thousand vacancies for returns and transfers between institutions; see rulesTRThe crisis in natural gas is growing: US-Iran tension sent prices soaring: 6.6 percent increase in one week...CNThe militaristic “grey rhino” is accelerating out of the peace fenceBRTwo men die in clash with police during operation in MTARReports that 7 people were killed and about 10 injured by gunfire during a funeral in a church in KarakFRMulti-storey building under construction collapses in Nairobi, KenyaARHundreds of flights have been canceled across East Asia as Typhoon Champi approaches TaiwanCNTaojie canceled direct trains and overtime buses on the 24th, and maintained a 15-minute interval for regular buses.CNBe wary of false information related to the 7.0-magnitude Baqing earthquake in Tibet (2026·10·23)CNLevel 14 strong gusts appeared in San Diaojiao! Strong winds and heavy rain will continue until tomorrow morningBRUFSC opens more than 5 thousand vacancies for returns and transfers between institutions; see rulesTRThe crisis in natural gas is growing: US-Iran tension sent prices soaring: 6.6 percent increase in one week...CNThe militaristic “grey rhino” is accelerating out of the peace fence
BackGuangdong’s science and technology loan balance exceeds 6.7 trillion yuan
Guangdong’s science and technology loan balance exceeds 6.7 trillion yuan
NEWS
中国新闻网1 hour agoBusiness2 min readChinaView original

Guangdong’s science and technology loan balance exceeds 6.7 trillion yuan

Guangdong Province held a press conference and announced that the "2026 Guangdong Science and Technology Finance Week" will be held on October 26

Quick Look

  • As of the end of September 2026, the balance of science and technology loans in Guangdong Province exceeded 6.7 trillion yuan, and the balance of manufacturing loans was 4.2 trillion yuan.
  • Guangdong has 52 new listed companies this year, ranking first in the country in IPO financing, and has built a full-cycle technology financial service ecosystem to support the development of technology companies.

AI-generated summary

Why It Matters

Guangdong Province aims to solve the financing difficulties of technology companies by establishing a guidance fund and optimizing the credit risk compensation mechanism.

Font size

China News Service, Guangzhou, October 23 (Reporters: Fang Weibin and Wang Jian) ​​As of the end of September 2026, the balance of science and technology loans in Guangdong Province exceeded 6.7 trillion yuan (RMB, the same below), a year-on-year increase of 17%; the balance of manufacturing loans was 4.2 trillion yuan, with a growth rate of 16.3%.

The Information Office of the Guangdong Provincial People's Government held a press conference on the 23rd to announce the latest results of Guangdong's science and technology finance in promoting high-quality development, and announced that the "2026 Guangdong Science and Technology Finance Week" will be held from October 26 to November 1.

The reporter learned from the meeting that since the beginning of this year, Guangdong has added 52 domestic and overseas listed companies, with IPO financing exceeding 180 billion yuan, ranking first in the country in both quantity and amount. The province has issued a total of more than 1.156 billion yuan in discount loans to manufacturing and high-tech enterprises, benefiting more than 54,000 enterprises.

Guangdong promotes the establishment of a provincial strategic emerging industry investment guidance fund with a total scale of 100 billion yuan, forming a trillion-level fund matrix. The first batch of demonstration cases will be released during the Science and Technology Finance Week, showing new trends such as the shift in financial services from "single tool" to "combination relay" and the shift in credit logic from "looking at mortgages" to "looking at technology, scenarios and the future".

In response to the problem that technology companies have "long-term lack of patience, light assets and lack of mortgage, and high risks and lack of support", Guangdong has built a full-cycle service ecosystem: technology credit risk compensation can reach up to 90% of the principal; technology insurance can be "examine-free and direct" with at least 50% premium subsidy; the innovative points system digital intelligence base collects 43 indicators, transforms innovative factors such as patents and R&D investment into verifiable credit portraits, and solves the problem of "having points, but it is difficult to lend".

It is reported that "Insurance Capital into Guangdong" has invested a total of 2.7 trillion yuan, supporting more than 800 technology companies. The first batch of 66 science and technology branches in the province issued science and technology loans worth 126.3 billion yuan. Technology insurance provides 1.27 trillion yuan in risk protection for technology companies. Reforms to facilitate cross-border investment and financing have been deepened, QFLP (qualified foreign limited partners), QDLP (qualified domestic limited partners) pilots and the scale of technological innovation bond issuance have continued to expand, providing diversified long-term funds for technology companies.

What to Watch

AI outlook — possibilities, not facts

  • 2026 Guangdong Science and Technology Finance Week will release the first batch of demonstration cases

    Very likely · Within days

Open Questions

  • What specific cooperation agreements will be reached during Science and Technology Finance Week?

Related Topics

This article was originally published by 中国新闻网.

Related Stories

Sanlihe Seminar: Beyond the “Engels Pause” and Let the Technological Revolution Promote Shared Development
Business·

Sanlihe Seminar: Beyond the “Engels Pause” and Let the Technological Revolution Promote Shared Development

China News Network's "Sanlihe" studio held a seminar to discuss how to avoid the "Engels pause" phenomenon in the era of artificial intelligence. Experts recommend using technology for good, improving the income distribution mechanism, worker retraining and institutional innovation to ensure that technological dividends are shared by all and protect the rights and interests of workers.

中国新闻网
6 min read
Anhui plans to cultivate more than 4 trillion-level advanced manufacturing clusters
Business·

Anhui plans to cultivate more than 4 trillion-level advanced manufacturing clusters

The press conference of the Anhui Provincial Party Committee announced that in the next five years, it will implement a project to cultivate and expand advanced manufacturing clusters, focusing on the development of emerging industries such as intelligent connected new energy vehicles, and forward-looking layout of future industries such as quantum technology, aiming to create trillion-level and hundreds of billion-level industrial clusters through the integration of science and industry and digital intelligence empowerment.

中国新闻网
2 min read
China’s Ministry of Finance: The effects of a package of policies are gradually emerging
Business·

China’s Ministry of Finance: The effects of a package of policies are gradually emerging

Li Nan, deputy director of the Financial Department of the Ministry of Finance of the People's Republic of China, said that in the first three quarters of this year, China's fiscal and financial coordinated policy support for new credit in related fields exceeded 28 trillion yuan, a year-on-year increase of 3.1%, benefiting a total of 8.36 million companies and 147 million residents, and the policy effects are gradually emerging.

中国新闻网
2 min read
Guangdong's GDP reached 11.11 trillion yuan in the first three quarters of this year, a year-on-year increase of 4.6%
Business·

Guangdong's GDP reached 11.11 trillion yuan in the first three quarters of this year, a year-on-year increase of 4.6%

The Guangdong Provincial Bureau of Statistics released economic data for the first three quarters of 2026. The province's GDP reached 11.11 trillion yuan, a year-on-year increase of 4.6%. Industrial production has grown steadily, high-tech manufacturing has performed well, residents' incomes have continued to increase, and the economy has shown a trend of stability and progress.

中国新闻网
2 min read
China's fiscal revenue increased by 5.1% year-on-year in the first three quarters
Business·

China's fiscal revenue increased by 5.1% year-on-year in the first three quarters

The Ministry of Finance of China announced on the 23rd that the national general public budget revenue in the first three quarters of this year was 17.2292 billion yuan, a year-on-year increase of 5.1%. The country's fiscal operations were generally stable, with tax revenue increasing by 6.1%, and expenditures in key areas such as health, social security and employment being guaranteed.

中国新闻网
2 min read
More on this topicGuangdong