FINANCE

China Expands Loan Support for Tech Innovations and Equipment Upgrades

Published: May. 1, 2026 12:13 p.m. GMT+8

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China has expanded a lending support program aimed at spurring technological innovations and equipment upgrades, extending its coverage to artificial intelligence (AI) and promising small tech firms.

The move marks the latest coordinated effort by the central bank and fiscal authorities to revive domestic demand and pivot the world’s second-largest economy toward a high-tech one.

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China expanded relending program for tech innovations/equipment upgrades to AI, 14 sectors including electronic info.
PBOC facility: 500B yuan (Apr 2024, 1.75%) grew to 1.2T yuan (Jan 2026, 1.25%) via expansions/cuts.
MoF subsidies: 1% (Jun 2024), 1.5% (Jul 2024), widened to tech loans (Jan 2026).

AI generated, for reference only