AGRICULTURAL BANK OF CHINA(SH:601288) Jin Rong Shi Bao·2025-08-14 02:06Core Viewpoint - The Ministry of Finance, along with several other government departments, has issued a loan interest subsidy policy aimed at service industry operators, focusing on eight key consumption service sectors to stimulate economic growth and enhance service quality [1][2]. Group 1: Policy Details - The loan interest subsidy policy covers bank loans issued to service industry operators in eight sectors: catering, accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1]. - The subsidy rate is set at 1%, with a one-year implementation period. Each eligible service operator can receive a maximum loan of 1 million yuan, with a subsidy cap of 10,000 yuan per entity [1]. Group 2: Economic Impact - The policy is expected to support high-quality development in the service industry and promote structural economic upgrades, as stated by industry experts [1]. - The service industry is recognized for its significant employment capacity, and the subsidy is anticipated to stabilize and expand employment opportunities [2]. Group 3: Bank Response - Agricultural Bank of China was the first major state-owned bank to respond to the policy, announcing its commitment to implement the loan interest subsidy program [2]. - The bank outlined specific conditions for eligible loans, including the requirement that funds must be used to improve consumption infrastructure and enhance service supply capabilities [2][3]. Group 4: Compliance and Monitoring - Experts emphasize the importance of strict monitoring of fund usage to ensure compliance with the policy's intent, preventing funds from being diverted to other areas for speculative activities [3]. - All six major state-owned banks have issued announcements regarding their participation in the loan interest subsidy program [4].