Technology and agriculture-related loan data for the first three quarters are released, and financial support entities continue to show strength

Data from the People's Bank of China shows that in the first three quarters, financial support for technological innovation, inclusive small and micro businesses and green development continued to show, and credit in the technology field maintained rapid growth.

Capital flows to the technology sector at an accelerated pace

At an optoelectronic communication technology company in Tianjin, the R&D team is debugging new equipment. The reporter found at the scene that there were no less than ten types of pilot equipment in operation.

In response to the pain point of high demand for R&D funds for technology-based companies, the local People's Bank of China promoted the "innovation points system" to establish a profile for technology-based companies, and listed a special quota of 26 billion yuan in re-loans to support agriculture and small businesses. Local financial institutions rely on this mechanism to incorporate intellectual property data into the credit review process to solve the problem of lack of mortgage and difficulty in financing for technology companies.

Relying on this intelligent risk control model, the company submitted an application online and was quickly approved for a pure credit loan of 10 million yuan.

Data show that at the end of the third quarter, the loan balance of my country's small and medium-sized technology enterprises was 4.27 trillion yuan, a year-on-year increase of 20.1%, and the growth rate was 15.4 percentage points higher than that of various loans. More than half of high-tech enterprises have received loan support.

Digital RMB empowers financing and payment convenience

For the vast number of small and micro entities, financial services are also iteratively upgraded with the help of digital technology. Since the beginning of this year, digital RMB loans have been promoted in many places to provide small and micro enterprises with comprehensive financing payment solutions that are fast and low-cost.

Fujian Strait Aquatic Products Trading Center brings together thousands of domestic and foreign merchants, and the annual market transaction volume is stable at around 12 billion yuan. At present, the purchase and sale of aquatic products has entered the peak season, and orders are increasing. However, many wholesalers are often hampered by short-term capital turnover problems.

Faced with the characteristics of small merchants who are in urgent need of money and have high turnover frequency, the local People's Bank of China has targeted the pain points of business scenarios and accelerated the implementation of digital RMB loans in key business districts.

Not only that, the function of instant payment of digital renminbi can also allow merchants to avoid withdrawal fees. Up to now, since the construction of Fujian’s digital RMB characteristic business district, more than 10 million yuan in digital RMB loans have been issued to merchants related to the aquatic products industry in the Economic Development Zone.

Agricultural-related loans grow steadily and credit smoothes the agricultural industry chain

In the first three quarters, financial resources also continued to be tilted towards the agricultural field. Focusing on the goal of stabilizing grain production, financial services not only support the upgrading of agricultural equipment technology, but also relieve problems for grain growing entities, helping to consolidate the foundation of food security.

At an agricultural machinery manufacturer in Jining, Shandong Province, a batch of high-performance seeders that have just been iteratively upgraded are about to be loaded onto trucks and sent to major grain-producing areas across the country. Recently, a pure credit loan of 5 million yuan was quickly implemented, pressing the accelerator button for the company's technological research.

However, when advanced agricultural machinery and equipment go to the fields, large grain growers and cooperatives often face the problem of large one-time investment of funds. Targeting the "last mile" of agricultural machinery applications, local financial institutions have innovatively launched "agricultural machinery installment loan" products, extending financial services to cooperatives and large grain growers, and helping advanced agricultural machinery and equipment enter farmland.

From R&D to field applications, credit funds are being used precisely around the upstream and downstream of the agricultural industry chain.

Data show that at the end of the third quarter, the balance of agricultural-related loans in my country exceeded 54 trillion yuan, a year-on-year increase of 5.6%, of which the balance of agricultural loans increased by 9% year-on-year. Finance continues to provide stable support for agricultural development.

(CCTV reporters Zhao Shuguang, Sun Yan, Wei Ming, Chen Qingbin, Jining Channel)