新年首场国常会！部署实施促内需一揽子政策！

Core Viewpoint - The State Council of China is implementing a comprehensive policy package to promote domestic demand through fiscal and financial collaboration, focusing on enhancing consumer spending and supporting private investment [1][2][3]. Group 1: Fiscal and Financial Collaboration - The meeting emphasized the importance of fiscal and financial policy coordination to stimulate effective demand and innovate macroeconomic regulation [3]. - A "dual interest subsidy" policy will be optimized, which includes a 1% annual interest subsidy for service industry loans and personal consumption loans, with the central government covering 90% of the subsidy costs [3]. - The "dual interest subsidy" policy is set to be implemented until December 31, 2025, for service industry loans and until August 31, 2026, for personal consumption loans [3]. Group 2: Support for Private Investment - The meeting proposed a loan interest subsidy policy for small and micro enterprises, along with a special guarantee plan for private investment and a risk-sharing mechanism for private enterprise bonds [4]. - The policy aims to lower financing thresholds and costs for enterprises, leveraging fiscal and financial tools to direct more credit to key sectors [4]. - The bond market is highlighted for its advantages in supporting technological innovation, with risk-sharing tools ensuring the safety of bond issuance and extending the maturity of bonds [5]. Group 3: Basic Public Services - The meeting discussed promoting the provision of basic public services based on residency, which is expected to enhance the equalization of public services and support a people-centered new urbanization [6]. - Key measures include improving education policies for migrant children, expanding public rental housing, and strengthening basic medical insurance for residents [6]. - The initiative aims to address the needs of over 130 million migrant workers living in urban areas, ensuring they have access to essential services [6][7].