A view of the booth of Bank of China during an expo in Beijing. ZHANG WEI/CHINA DAILY
Chinese banks ramped up support for technology financing in the first half, with State-owned commercial lenders taking the lead and showing the early results of channelling financial resources into innovative enterprises.
As of end-June, the total balance of tech-focused loans from the six largest State-owned commercial banks had reached nearly 23 trillion yuan ($3.23 trillion). Industrial and Commercial Bank of China led the group with an outstanding balance above 6 trillion yuan, while Agricultural Bank of China's tech loan balance climbed to 4.7 trillion yuan, more than 20 percent higher than at the end of last year.
