China has signed nearly 400 billion yuan of loans to promote technological innovation and renovation, the People's Bank of China (PBC) said on November 25.

(Picture by CFP)

As of November 15, banks in China have signed loan contracts with 1,737 enterprises and projects totaling nearly 400 billion yuan, effectively supporting the first loans of technology enterprises in their startup and growth stages and large-scale equipment updates in key areas.

In the future, China's major banks will improve review efficiency, create a "green list" for loan reviews according to the latest policies to expedite the disbursement of loans. Additionally, support for private enterprises and Small and Medium-sized Enterprises(SMEs) will also become more extensive and comprehensive. (By Li Zi’ang/China Youth Daily)

来源：中国青年报客户端