In the first quarter, Shenzhen's financial industry grew by 9.7%, with loans to technology companies reaching 1.47 trillion yuan, an increase of 19.5%.
In the latest "report card" of Shenzhen's economic performance in the first quarter, the financial industry performed well. Building on a high growth of 12.1% last year, it continued to grow by 9.7%, with the fastest growth rate among all industries, injecting strong momentum into the city's high-quality development. Credit products have become more diverse. Products such as Tengfei Loan, Technology Startup Loan, Park Loan, Intellectual Property Financing, and Computing Power Loan have been successively launched, with close linkage between "equity loan and bond insurance". By the end of March, the scale of loans to technology-based enterprises in the city was 1.47 trillion yuan, an increase of 19.5%; the scale of loans to the manufacturing industry was 1.86 trillion yuan, a year-on-year increase of 15.2%; loans to "specialized, refined, new" small and medium-sized enterprises increased by 26.5%.
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