The lender said it is expected to earmark at least three trillion yuan specifically for technology innovators and over three trillion yuan targeting agricultural sector development, as part of efforts to help more than 5,000 companies in the private sector enhance their governance capabilities.
The major state-owned commercial bank, in partnership with the All-China Federation of Industry and Commerce, recently introduced an action plan aimed at empowering private enterprises, targeting operational growth, technological innovation and digital transformation, among other critical areas.
Key programs under the plan include a tailored financing pipeline for private companies, tech R&D support packages, and digital upgrades for small businesses.
By the end of 2024, the bank’s outstanding loans to private enterprises had reached 2.44 trillion yuan – which served over 3.4 million businesses. (Xinhua)
