Core Insights - The loan approval rate for technology-based small and medium-sized enterprises (SMEs) in China reached 49.6% by the end of the first quarter, an increase of 3.6 percentage points compared to the same period last year [1] - A total of 271,800 technology-based SMEs received loan support, indicating a robust demand for financing in this sector [1] - The outstanding balance of loans in both domestic and foreign currencies for technology-based SMEs amounted to 3.33 trillion yuan, reflecting a year-on-year growth of 24%, which is 17.1 percentage points higher than the growth rate of all loans [1]