2026 Interim Reports Show Many Big Banks Omit Tech Loan Figures

Interim reports of 42 A-share listed banks for 2026 show that several major state-owned banks and national joint-stock banks did not disclose the scale of their technology-finance loans, whereas in the same period of 2025 most banks had disclosed such data. In its 2025 interim results, ICBC disclosed technology loans exceeding RMB 6 trillion, while in 2026 it disclosed technology-enterprise loans of RMB 3 trillion, indicating a clear change in statistical scope. CCB's 2025 interim report explicitly disclosed a technology loan balance of RMB 5.15 trillion at end-June, but its 2026 interim report instead stated that "technology-enterprise loans grew steadily and rapidly," focusing on indicators such as underwriting of technology bonds and no longer providing the end-June balance. BOC's 2025 interim report disclosed a technology loan balance of RMB 4.59 trillion, while its 2026 interim report said "technology loans accounted for more than one-third of corporate loans." Similar situations were seen at Bank of Communications, Postal Savings Bank of China, and China Merchants Bank.

Banks varied significantly in their disclosure of technology-finance-related business. Those that clearly disclosed end-June balances included Industrial Bank, SPDB, Bank of Beijing, Huaxia Bank, Bank of Changsha, Bank of Qingdao, and Qingdao Rural Commercial Bank. Industrial Bank's technology-finance loan balance was approximately RMB 1.24 trillion, SPDB's reached RMB 1.13 trillion, Bank of Beijing's was RMB 521.619 billion, Huaxia Bank's was about RMB 306.2 billion, Bank of Changsha's was RMB 116.468 billion, and Bank of Qingdao and Qingdao Rural Commercial Bank reported RMB 34.276 billion and RMB 23.159 billion, respectively. Xiamen Bank disclosed that its technology-finance loan balance grew 9.59% from end-2025 but did not provide the exact balance.

Bank of Beijing's annual report stated that, in accordance with the central bank's requirements for statistics on the "five major articles," it adjusted the statistical standards and scope for technology-finance loans in the first half of 2026. Under the new scope, the end-2025 technology-finance loan balance was RMB 435.974 billion, versus RMB 448.997 billion under the original scope. A source at a state-owned bank's head office confirmed that the statistical scopes for "technology-finance loans" were recalibrated across banks in 2026.

The six largest state-owned banks are the dominant players in technology-finance loans. According to 2025 annual report data, their combined technology-finance scale exceeded RMB 23 trillion, accounting for over 80% of the market. Including national joint-stock banks, nine banks had technology-finance loan scales in the trillion-yuan tier. Technology enterprises generally feature light assets, high R&D investment, and long growth cycles. If banks continue to rely mainly on traditional collateral and financial indicators for credit decisions, technology-finance products risk overlapping with ordinary loans.