As a key foundational component in the machinery industry, the performance of bearings directly impacts the quality and operational efficiency of complete equipment. In the first half of 2025, with continued financial policy support for key manufacturing sectors, the bearing industry entered a crucial window of opportunity for transformation and upgrading.

Driven by both policy and funding, many key domestic bearing companies are accelerating equipment upgrades and technological transformation. For example, LYC Bearing Corporation, with support from ICBC and China Development Bank, secured 800 million yuan in medium- and long-term loans to build intelligent production lines. In the first half of this year, ICBC provided another 127 million yuan in special loans to help the company introduce high-precision machining equipment and further enhance product stability and intelligence.

This infusion of funds not only addresses financing challenges for companies but also provides impetus for overall industry upgrades. With growing demand for high-precision bearings in downstream industries such as wind power, new energy vehicles, and high-end equipment, bearing manufacturers are accelerating their development towards precision, lightweighting, and long lifespan.

Financial resources are being precisely allocated to key manufacturing processes. As of the end of June 2025, the balance of ICBC's technology loans approached 6 trillion yuan, and Agricultural Bank of China's manufacturing loans increased by over 17% year-on-year. These data reflect that the banking system is continuously increasing its support for high-end manufacturing by optimizing its credit structure.

In addition to traditional loan methods, the bond market also provides new financing channels for bearing companies. In May 2025, the bond market's "Technology Board" launched, and by the end of June, approximately 600 billion yuan in technology innovation bonds had been issued. This initiative provides technology-based manufacturing companies with a low-cost, long-term funding source, helping them accelerate R&D and commercialization of research results.

The People's Bank of China stated that it will continue to promote the targeted flow of financial resources to key areas of the real economy. In the future, financial support will place greater emphasis on coordination with industrial development, further enhancing support for equipment upgrades, technological breakthroughs, and industrial chain collaboration.

Industry experts believe that the continued impact of financial policies will not only help the bearing industry overcome technological bottlenecks, but will also drive overall upgrades in upstream and downstream supply chains, providing solid support for my country's manufacturing industry to move towards high-quality development.

Source: Xinhuanet