Briefly

Policy bank backs info infrastructure lending

China Development Bank, one of the country's policy banks, extended over 13.1 billion yuan ($1.82 billion) in loans to the information infrastructure and scientific and technological infrastructure sectors during the first three quarters. In the information infrastructure sector, the bank's loans mainly went to support expanding the 5G network, fixed broadband network and industrial internet, as well as the digital transformation of manufacturing industries. In the scientific and technological infrastructure sector, the bank mainly provided financial support for projects related to research facilities and technology development venues, among others.

Software sector reports expansion