Hubei Issues RMB 345.86 Billion in Three Credit Loan Programs Through End-August

On September 15, 2026, Hubei held a press conference on deepening fiscal and financial coordination to empower technological innovation and high-quality development. The Hubei Provincial Local Financial Administration said the province in 2026 is deepening reform of three credit loan programs: knowledge-value credit loans for technology-based small and medium-sized enterprises, commercial-value credit loans for private small and medium-sized enterprises, and rural credit loans.

As of the end of August 2026, participating banks had issued a cumulative RMB 345.86 billion in the three credit loan programs, benefiting more than 100,000 business entities, including over 30,000 first-time borrowers.

Next steps will focus on three areas: improving risk compensation mechanisms, deepening data-driven credit enhancement, and strengthening the combination of fiscal and financial policies.