As of now, the semi annual performance reports of the six major state-owned banks for 2025 have been released. Overall, in the first half of this year, state-owned banks have been making efforts from the three ends of "stocks, loans, and bonds" to continuously increase their investment in technology finance. Currently, they have generally established organizational structures, product systems, work mechanisms, and other infrastructure that are suitable for technology finance services. At the same time, state-owned banks have adopted multidimensional optimization strategies to build and improve the ecosystem of technology finance services, in order to gain a competitive advantage in the fiercely competitive field of technology finance. The data shows that as of the end of June this year, the balance of technology loans of many state-owned banks has achieved double-digit growth compared to the end of 2024, with a growth rate significantly higher than the average loan growth rate of various banks. At the same time, since the landing of the "Technology Board" in the bond market in May, state-owned banks have successively completed the issuance of technology innovation bonds and actively invested in and underwritten the first batch of technology innovation bonds; On the equity side, the landing of equity investment by state-owned large banks AIC (Financial Asset Investment Company) has accelerated the flow of funds to strategic emerging industries, indicating that state-owned large banks are continuously increasing their business in the field of technology finance. In terms of the scale of technology loans, as of the end of June this year, there were five state-owned banks with technology loan balances reaching the trillion yuan level, namely Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, and Bank of Communications. Among them, the balance of technology loans from four banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and Construction Bank, exceeded 4 trillion yuan. Specifically, as of the end of June this year, the balance of ICBC's technology loans exceeded 6 trillion yuan, an increase of 20% compared to the end of 2024; The balance of technology loans from China Construction Bank was 5.15 trillion yuan, an increase of 16.81% from the end of 2024, accounting for 18.78% of the total loan balance, an increase of 1.71 percentage points from the end of the previous year; The balance of Agricultural Bank of China's technology loans is 4.69 trillion yuan, an increase of 21% from the end of 2024; The balance of technology loans from Bank of China is 4.59 trillion yuan; The balance of technology loans from Bank of Communications and Postal Savings Bank of China respectively exceeded 1.5 trillion yuan and 930 billion yuan. On the bond side, in the first half of this year, Industrial and Commercial Bank of China took the lead in landing the first batch of technology innovation bonds, with a maximum issuance scale of 20 billion yuan per transaction and an underwriting scale of nearly 50 billion yuan for technology innovation bonds, ranking first in the industry in terms of market share; China Construction Bank has completed the issuance of a 30 billion yuan technology innovation bond; Agricultural Bank of China, Bank of China, and Bank of Communications have all successfully issued 20 billion yuan technology innovation bonds to provide special support for technological innovation. As the main battlefield for equity investment, in the first half of this year, state-owned banks steadily promoted the establishment of AIC equity investment pilot funds and the landing of projects, continuously inputting financial resources into the field of science and technology innovation. As of the end of June this year, the AIC pilot fund of Industrial and Commercial Bank of China has signed contracts with an intention scale of over 150 billion yuan, established 28 funds, and subscribed to a scale of over 33 billion yuan, focusing on supporting the development of industries such as integrated circuits, new generation information technology, new energy, high-end manufacturing, and biomedicine; Agricultural Bank of China has signed cooperation agreements with all AIC equity investment pilot cities, setting up a total of 13 pilot funds with subscribed capital exceeding 10 billion yuan; Bank of China has completed the registration of 15 AIC equity investment funds with a total subscribed capital of over 11 billion yuan, investing in projects in commercial aerospace and other fields; Construction Bank has completed the establishment and filing of 9 AIC pilot funds. Multi dimensional optimization of service ecosystem: In the first half of this year, state-owned banks targeted key areas and weak links in the real economy, optimizing the technology and financial service ecosystem from multiple dimensions such as adjusting organizational structure, innovating product supply, and strengthening channel resource linkage, presenting characteristics such as technology leadership, data-driven, and agile response. From the perspective of organizational structure, state-owned banks have generally established multi-level and specialized organizational structures for technology and financial services. For example, Industrial and Commercial Bank of China has formed an organizational system of "head office -25 branch technology finance centers -160 technology branches"; China Construction Bank has initially established a five level technology finance exclusive organizational structure consisting of the head office, first tier branches, key city branches, characteristic branches (outlets), and subsidiaries. In terms of product innovation, Agricultural Bank of China has optimized its exclusive credit service system, matched differentiated credit support policies, and innovatively launched its exclusive online product "Kejie Loan"; Bank of Communications continues to enrich the "Bank of Communications Science and Technology Innovation" brand, providing technology-based enterprises with a full lifecycle and full chain relay financial service including loans, equity investments, bond financing, and technology leasing; Bank of China President Zhang Hui stated at the mid-term performance conference that the bank is seizing market opportunities such as artificial intelligence and mergers and acquisitions of technology-based enterprises, and innovating technology finance products such as "computing power loans". At present, in the field of technology finance, state-owned banks have successively completed the construction and continuous improvement of organizational structure, product creation, supporting policies, service mechanisms, and other aspects. With the establishment of multiple national joint-stock banks AIC, competition in the field of technology finance will become increasingly fierce, testing the comprehensive service capabilities of major market participants such as state-owned banks to integrate resources and build a technology finance service ecosystem. It is worth noting that several state-owned banks have explicitly mentioned in their mid-term performance reports the need to build a comprehensive technology finance ecosystem service system. For example, Bank of China stated that it is deeply promoting the Bank of China Science and Technology Innovation Partner Program, building platforms, strengthening collaboration, promoting linkage, and introducing multiple resources to serve technological innovation; Han Jing, Vice President of China Construction Bank, stated at the mid-term performance conference that the bank will first build a customer ecosystem that adapts to the deep integration of technological innovation and industrial innovation, secondly create an integrated product and service system for commercial and investment banks that runs through the dual cycle, thirdly build a platform system for real-time interaction and transaction delivery with customers, and fourthly establish a five level linkage organizational system and resource allocation. State owned large banks have formed a sample in the development of technology finance. ”Tian Lihui, a finance professor at Nankai University, told reporters that there will be four major trends in the development of technology finance in banks in the future: first, the scale of technology loans will continue to grow, and funds will tilt towards the "hard technology" field; The second is the acceleration of digital transformation, with financial technology empowering risk control and efficiency; The third is the upgrading of ecological services, where banks shift from fund providers to ecological builders, and work together with the government, venture capital, and others to create a comprehensive support system; The fourth is to deepen the internationalization layout, support cross-border technology enterprises, and explore the scenario of RMB internationalization. Technology finance will become the core lever for banks to serve the real economy, helping the economy transition towards innovation driven growth. ”Tian Lihui said. In the view of Lou Feipeng, a researcher at China Postal Savings Bank, banks need to further improve their organizational structure for technology finance, optimize their credit product system, strengthen cooperation with the government, and enhance risk control mechanisms to ensure the safe and stable development of technology finance and better serve the vast number of technology-based enterprises. In the future, commercial banks' investment in technology finance will continue to grow, innovation in technology finance products will accelerate, and the technology finance ecosystem will gradually improve, "said Lou Feipeng. (New Society)