财政金融协同发力 一揽子政策激活内需新动能

Core Viewpoint - The central economic work conference has identified the primary task for 2026 as promoting domestic demand and building a strong domestic market, with a focus on fiscal and financial collaboration to stimulate consumption and investment [1] Group 1: Policy Framework - The State Council has launched a comprehensive policy package aimed at enhancing domestic demand, which includes "one goal," "two focuses," "three principles," and "six policies" [1] - The goal is to expand domestic demand, with a focus on stimulating private investment and promoting consumer spending as key drivers of domestic demand [1] Group 2: Support for Private Investment - New policies have been introduced to support small and medium-sized enterprises (SMEs), including a loan interest subsidy policy covering 14 key industries, providing a 1.5% interest subsidy for loans up to 50 million yuan [2] - The policy also includes a significant increase in the guarantee loan limit for medium-sized enterprises, raising it to 20 million yuan, facilitating easier access to long-term loans [2] Group 3: Consumer Spending Initiatives - The number of consumer sectors benefiting from the policies has expanded to 11 categories, with over 90 financial institutions involved in the implementation [3] - Personal consumption loan interest subsidy policies have been optimized, including support for credit card bill installments, which now have no upper limit on individual subsidies, enhancing consumer purchasing power [3] Group 4: Economic Impact - The fiscal and financial policy package is expected to lower financing costs for enterprises, boost market confidence, and activate consumer potential as these measures are implemented [4]