利好！落实国常会部署，一揽子政策来了

Group 1: Core Policy Overview - The Ministry of Finance announced a package of five fiscal and financial policies aimed at boosting domestic demand through enhancing consumption and expanding private investment [1][12] - The policies include optimizing personal consumption loans and service industry loans, implementing loan interest subsidies for small and micro enterprises, and establishing a special guarantee plan for private investment [1][12] Group 2: Personal Consumption Loan Policy - The "double interest subsidy" policy has been extended until December 31, 2026, maintaining an annual interest subsidy rate of 1 percentage point [3][14] - The policy now includes credit card installment payments, expands the scope of supported consumption areas, and increases the number of eligible financial institutions [5][17] - The subsidy cap for individual consumption has been removed, allowing for greater flexibility in borrowing [5][17] Group 3: Service Industry Loan Policy - The subsidy cap for service industry loans has been raised to a maximum of 10 million yuan for new loans issued in 2026 [6][18] - The policy now includes additional sectors such as digital, green, and retail consumption, expanding the support areas [6][18] - A wider range of banks, including 21 national banks and various local banks, are now authorized to handle these loans [7][18] Group 4: Small and Micro Enterprises Loan Policy - The loan subsidy for small and micro enterprises is capped at 50 million yuan, with a 1.5 percentage point annual subsidy for eligible fixed asset loans [8][19] - The policy focuses on supporting investments in key industries such as new energy vehicles, medical equipment, and artificial intelligence [19] - The implementation period is initially set for one year, with potential extensions based on future evaluations [19] Group 5: Equipment Upgrade Loan Policy - The equipment upgrade loan subsidy policy has also been extended to December 31, 2026, with a 1.5 percentage point subsidy for fixed asset loans [9][20] - New sectors such as artificial intelligence and green technology have been added to the support areas for equipment upgrades [20] Group 6: Private Investment Guarantee Plan - A special guarantee plan for private investment has been established with a total quota of 500 billion yuan, to be implemented over two years [10][22] - The plan aims to enhance government financing guarantees to stimulate private investment in various sectors, including technology upgrades and service expansions [22] - The risk-sharing mechanism involves banks taking on at least 20% of the loan risk, while the government guarantee system covers up to 80% [22][23]