积极投身科技金融，多家中小银行上半年科技贷款增速超20%

Core Insights - The report highlights the upgraded strategic positioning of technological innovation in China's financial sector, emphasizing the need for high-level self-reliance and strength in the context of the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" [1] - The rapid growth of technology finance in small and medium-sized banks is noted, with several banks reporting loan growth rates exceeding 20% in the first half of 2025 [1][6] Policy Developments - Central government initiatives in 2025 have focused on enhancing support for technology finance, particularly for small and medium-sized enterprises (SMEs) [2] - Key policies include the issuance of guidelines to strengthen financial support for major technological tasks and the promotion of credit loans for technology enterprises [2][3] - Local governments have also implemented action plans to support technological innovation, with specific targets for loan disbursement [3] Market Performance - As of June 2025, several small and medium-sized banks have shown significant growth in technology loans, with some banks like Huaxia Bank and Bohai Bank achieving over 20% growth [6][10] - The total balance of loans to technology SMEs reached 3.4 trillion yuan, reflecting a year-on-year growth of 22% [5] Financial Instruments - The introduction of the "Technology Board" in the bond market is a significant development, aimed at supporting technological innovation through diversified financing options [12] - By October 2025, banks had issued a total of 57 technology bonds, amounting to 277.6 billion yuan, indicating a strong market response [15] Participation of Financial Institutions - Major banks have taken a leading role in underwriting technology bonds, with a notable number of new issues and a significant total amount raised [16] - The participation of local small and medium-sized banks in the technology bond market is increasing, reflecting a broader engagement in supporting technological enterprises [17]