BABA(US:BABA) Sou Hu Cai Jing·2025-11-24 23:09Core Viewpoint - The collaboration between Wangshang Bank and Hangzhou Financing Guarantee Group aims to support small and micro businesses in Hangzhou through a special loan interest subsidy program, responding to a recent policy initiative from the Ministry of Finance and other departments [1][3]. Group 1: Policy Implementation - The interest subsidy policy covers eight categories of service industries, including catering, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [3]. - Eligible businesses must hold a business license and meet national standards for their operational scope [3]. Group 2: Subsidy Details - The subsidy can reduce interest rates by up to 3%, with Wangshang Bank and Hangzhou Financing Guarantee Group considering factors such as loan limits, risk ratings, and operational status to provide interest subsidies ranging from 1% to 3% or cash red envelope subsidies [3]. - The guarantee fee rate has been reduced from 0.5% to 0.25% to enhance support for businesses [3]. Group 3: Application Process - The application process is streamlined, allowing eligible small and micro businesses to apply for loans easily via the Wangshang Bank mobile app, with subsidy information automatically prompted [3]. Group 4: Impact and Achievements - Over the past two years, Wangshang Bank and Hangzhou Financing Guarantee Group have served 54,000 users, disbursing 175,000 loans totaling over 10 billion yuan, with an average loan amount of 190,000 yuan per business [3].