At the 2025 performance briefing held by Agricultural Bank of China (ABC) on March 30, Vice President Wang Dajun emphasized that technology finance is crucial for achieving technological self-reliance, building a strong nation in science and technology, and fostering the development of modern industrial systems and new productive forces.
Wang disclosed that by the end of 2025, ABC had provided services to over 350,000 technology-based enterprises, with outstanding technology loans reaching 4.7 trillion yuan, growing at an annual rate exceeding 20%. The bank’s service coverage and loan growth rate both rank among the highest in the industry.
Wang outlined three major measures ABC has taken to advance technology finance: First, enhancing technology financial service capabilities. The bank has continuously carried out special initiatives to improve its technology financial services, focusing on key innovation hubs such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. It has established 25 provincial and municipal technology financial service centers and developed over 300 specialized technology finance branches. ABC has also built a talent pool of professionals with expertise in finance, technology, and industry, and has strengthened its subsidiaries with equity investment specialists.
Second, expanding product and service coverage. ABC took the lead in issuing credit policy guidelines for technology finance and promoted a dedicated credit evaluation model for technology-based enterprises. It has built a comprehensive product system comprising more than 50 specialized offerings that cover the entire lifecycle of enterprises—from seed and startup stages to growth and maturity—as well as research institutions, technology parks, and technology professionals. In agricultural technology services, the bank introduced innovative products such as technology loans for agricultural parks and agricultural machinery loans, effectively supporting leading agricultural technology enterprises and initiatives like seed industry revitalization.
Third, leveraging various policy tools. ABC actively supported the creation of a technology sector in the bond market, becoming one of the first banks to issue 20 billion yuan in commercial bank technology innovation bonds. It has increased underwriting and investment in technology innovation bonds, with both scales leading the industry. The bank has accelerated the implementation of monetary policy tools, achieving leading figures in signed contracts and outstanding loans for technological innovation and transformation. It has also effectively utilized pilot policies, being the first to sign and register a 50-billion-yuan social security technology innovation fund in Zhejiang. In the Yangtze River Delta, ABC has established nearly 30 technology innovation funds, achieved full coverage in fund setup and deployment across 18 AIC equity investment pilot cities, and provided over 25 billion yuan in merger and acquisition loans to technology-based enterprises.
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