Tech firms can still get loans

Despite stricter controls on bank lending aimed at cooling the economy, technology companies said that loans are still easy to obtain, according to a recent survey by investment bank UBS, which polled 15 China-based tech firms. Analysts pointed out that technology firms are less reliant on banks for loans than companies in other industries due to readily accessible venture capital funding. But becasue tech firms still rely on commercial banks for working capital financing, they could be affected by tighter controls on credit.