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Journalists learned from the Agricultural Bank of China that the Agricultural Bank of China continues to promote technology finance, accelerate its efforts, and support the innovation and 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 of over 24%. The Agricultural Bank of China actively promotes the implementation of the re-lending policy tools for technology innovation and technical transformation, establishes a special working mechanism, subdivides the target enterprise list in multiple dimensions, and reduces the financing costs of enterprises while increasing the precision of credit fund allocation. As of the end of March, the Agricultural Bank of China has provided technology innovation and technical transformation re-lending services to over 41,000 companies, with contract amounts exceeding 41 billion yuan. (Xinhua News Agency)
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