On July 29, at a press conference for the third quarter of 2026 held by the Beijing branch of the People's Bank of China and the Beijing branch of the State Administration of Foreign Exchange, Liu Qianjin, deputy director of the Investigation and Statistics Department of the Beijing Branch of the People's Bank of China, revealed that in June, the weighted average interest rate for general loans from financial institutions in Beijing was 3.27%, down 16 basis points from the previous year. He Jie, director of the Credit Policy Management Department of the Beijing Branch of the People's Bank of China, explained that by the end of June, Beijing's loan balance for technology-based SMEs had increased 16.6% year on year, and the scale of technology loans ranked among the highest in the country.

Zhitongcaijing · 2d ago
On July 29, at a press conference for the third quarter of 2026 held by the Beijing branch of the People's Bank of China and the Beijing branch of the State Administration of Foreign Exchange, Liu Qianjin, deputy director of the Investigation and Statistics Department of the Beijing Branch of the People's Bank of China, revealed that in June, the weighted average interest rate for general loans from financial institutions in Beijing was 3.27%, down 16 basis points from the previous year. He Jie, director of the Credit Policy Management Department of the Beijing Branch of the People's Bank of China, explained that by the end of June, Beijing's loan balance for technology-based SMEs had increased 16.6% year on year, and the scale of technology loans ranked among the highest in the country.