Shanghai: The amount of signed loans for technological innovation and technical transformation reached 149 billion yuan by the end of the first quarter.

Recently, the Shanghai headquarters of the People's Bank of China, the Shanghai Development and Reform Commission, the Shanghai Finance Bureau, the Shanghai Economic and Information Commission, the Shanghai Science and Technology Commission, the Shanghai Housing and Urban-Rural Development Management Commission, the Shanghai Transportation Commission, the Shanghai Agriculture and Rural Committee, the Shanghai Water Bureau, the Shanghai Emergency Management Bureau, and the Shanghai State-owned Assets Supervision and Administration Commission jointly held a meeting to promote the work of science and technology innovation and technological transformation loans in Shanghai. The meeting pointed out that since the implementation of the policy on refinancing for science and technology innovation and technological transformation, the People's Bank of China's Shanghai headquarters has closely cooperated with relevant departments of Shanghai, guiding financial institutions in Shanghai to strengthen the financing docking of enterprises and projects on the list, promoting the landing and issuance of loans, and achieving phased results in policy implementation. As of the end of the first quarter of 2026, the amount of science and technology innovation and technological transformation loans signed in Shanghai amounted to 149 billion yuan, with a loan balance of 67.6 billion yuan, doubling from the same period of the previous year.