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The Central Bank has issued a report on the execution of China's monetary policy for the second quarter of 2025, highlighting its commitment to deepening the structural reform of the financial supply side. The Bank plans to implement the technology finance work program and enhance the policy framework for supporting scientific and technological innovation financially. The report underscores the need to augment credit assistance for technology-focused small and medium-sized enterprises (SMEs), foster the growth of the technological innovation bond market, and nurture a financial market ecosystem conducive to scientific and technological innovation. These initiatives aim to provide robust financial backing for China's pursuit of high-level technological self-reliance and self-improvement.
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