Chinese Commercial Banks Reform Credit Practices to Support Tech Innovation

People's Daily reported that commercial banks across Jiangsu and Anhui are moving beyond conventional credit frameworks under the guidance of financial regulatory authorities to reconstruct evaluation models, improve service structures, and establish novel credit practices tailored to technology enterprises. Financial institutions are introducing innovations in evaluation standards, service patterns, and served entities, transforming credit assessments from historical asset verifications to future value potentials, so corporate technological capabilities and prospective growth serve as primary credit references. Establishing novel credit structures requires a systematic overhaul of core mechanisms, building operational support systems that align appraisal directions, risk sharing frameworks, due-diligence exemptions, and internal institutional capacities for tech financing. Huishang Bank established dedicated assessment mechanisms for specialized tech finance branches that highlight technology loan volumes, client numbers, and key tech finance offerings to motivate personnel while deploying due-diligence exemptions.

Agricultural Bank of China Feixi County Branch evaluated Anhui Bideer Technology Co., Ltd. through business lists, qualifications, orders, and patents, disbursing pure credit financing under an automated digital credit product to provide funding that supported the recipient firm's technical upgrades and production line capacity.