The balance of technology-based enterprise loans at Agricultural Bank of China is nearly 2 trillion yuan.

Reporters learned from the Agricultural Bank of China that the bank is continuously promoting technology finance to support the innovative development of technology-based enterprises. As of the end of March this year, the balance of loans to technology-based enterprises at the Agricultural Bank of China reached 1.97 trillion yuan, an increase of over 250 billion yuan from the beginning of the year; the balance of loans to technology-related industries was 3.76 trillion yuan, an increase of over 600 billion yuan, with a growth rate exceeding 24%. The Agricultural Bank of China actively promotes the implementation of policies and tools for technology innovation and technology upgrade re-lending, establishes a special working mechanism, subdivides the list of target enterprises in multiple dimensions, while increasing the accurate distribution of credit funds and reducing the financing costs of enterprises. As of the end of March, the Agricultural Bank of China has connected with over 41,000 enterprises using technology innovation and technology upgrade re-lending, with contract amounts exceeding 41 billion yuan.