来源：中国银行 为深入贯彻落实党中央、国务院决策部署，进一步加力支持扩大内需，推动增加优质服务供给，中国银 行认真落实并严格执行《关于印发<服务业经营主体贷款贴息政策实施方案>的通知》（财金〔2025〕 81号，以下简称《方案》）和《关于优化实施服务业经营主体贷款贴息政策的通知》（财金〔2026〕5 号，以下简称《通知》）精神及相关要求，积极推进优化服务业经营主体贷款财政贴息相关工作，确保 政策红利惠及更广大服务业经营主体。现将客户集中关注的问题解答如下： 01 贴息政策实施期限是否有调整？ 答：按《通知》有关规定，服务业经营主体财政贴息政策实施期限延长至2026年12月31日。政策到期 后，有关部门或视情研究延长政策实施期限，我行后续将按照有关部门最新规定执行。 02 贴息标准有哪些优化？ 答：按《通知》有关规定，单户可享受贴息的2026年新发放贷款规模上限由100万元提高至1000万元， 贴息比例和贴息期限保持不变（贴息期限不超过1年，年贴息比例为1个百分点）。对于2025年3月16日 至2025年12月31日期间发放的符合贴息条件的贷款，仍按原《方案》有关规定执行。 03 贴息政策支持范围有哪些变化？ ...

5 逾期、不良贷款能享受贴息吗？ 答：逾期、不良贷款不能享受财政贴息。借款人归还全部积欠本息后，从贷款状态正常之日 起，方可按规定享受贴息。 为深入贯彻落实党中央、国务院决策部署，进一步加力支持扩大内需，推动降低服务业经营主 体融资成本，我行积极响应并严格执行《关于印发<服务业经营主体贷款贴息政策实施方案>的通 知》（财金〔2025〕81号，以下简称《方案》）和《关于优化实施服务业经营主体贷款贴息政策的 通知》（财金〔2026〕5号，以下简称《通知》）的相关要求，积极组织推动开展相关工作。现将客 户集中关注的问题解答如下： 1 贴息政策实施期限是否有调整？ 答：按《通知》有关规定，服务业经营主体贷款贴息政策实施期限延长至2026年12月31日。 政策到期后，有关部门或视情研究延长政策实施期限，我行后续将按照有关部门最新规定执行。 2 贴息标准有哪些优化？ 答：按《通知》有关规定，单户可享受贴息的2026年新发放贷款规模最高可达1000万元，贴 息期限和年贴息比例保持不变，即：贴息期限不超过1年，年贴息比例为1个百分点。 但特别提示 客户关注，2025年3月16日至2025年12月31日期间发放的符合贴息条件的 ...

Core Viewpoint - The Chinese government is implementing a series of fiscal policies aimed at expanding domestic demand, stimulating private investment, and promoting consumer spending to drive high-quality economic development [1][3]. Group 1: Policy Framework - The policies are summarized as "one goal," "two focuses," "three principles," and "six policies" [1]. - "One goal" refers to the expansion of domestic demand, aligning with the central economic work conference's directives [1]. - "Two focuses" emphasize increasing efforts to stimulate private investment and promote consumer spending, both crucial components of domestic demand [1]. Group 2: Principles of Policy Design - The first principle is to ensure "convenience and efficiency," simplifying processes so that benefits can be accessed without application [3]. - The second principle is "precision and effectiveness," targeting key sectors and groups to lower financing costs and enhance consumer capacity [3]. - The third principle is "standardization and efficiency," balancing the effective use of policies while preventing fraudulent claims for fiscal funds [3]. Group 3: Six Key Policies - The first policy is a loan interest subsidy for small and micro enterprises, providing a 1.5% subsidy on loans for key industries such as new energy vehicles and medical equipment, with a maximum loan amount of 50 million yuan [4]. - The second policy is a special guarantee plan for private investment, offering guarantees for loans up to 20 million yuan for small and micro enterprises [4][5]. - The third policy involves a risk-sharing mechanism for private enterprise bonds, where the central government provides funds to support bond issuance and mitigate investor losses [5]. - The fourth policy is an updated equipment loan interest subsidy, expanding the scope to include loans related to fixed asset updates and technological innovation, with a 1.5% subsidy [5]. - The fifth policy is a loan interest subsidy for service industry entities, increasing the maximum loan amount from 1 million to 10 million yuan, with a 1% subsidy [6]. - The sixth policy is a personal consumption loan interest subsidy, providing a 1% subsidy for loans used for consumption, including credit card installment payments [6].

Core Viewpoint - The Chinese government is implementing proactive fiscal policies to stimulate consumption and support economic transformation, with a focus on high-quality development and enhancing people's living standards. Group 1: Fiscal Policy and Economic Development - In 2025, the government plans to issue special long-term bonds totaling 1.3 trillion yuan, with 300 billion yuan allocated for consumer subsidies to boost sales of related goods by approximately 2.6 trillion yuan [1] - The fiscal deficit rate for 2025 is projected at around 4%, an increase of 1 percentage point from the previous year, with new government debt expected to reach 11.86 trillion yuan, up by 2.9 trillion yuan from the previous year [2] - The fiscal department will continue to implement more proactive fiscal policies, ensuring that total expenditure increases while optimizing structure and improving efficiency [4] Group 2: Debt Management and Risk Mitigation - Local government debt risks are gradually being mitigated, with an emphasis on managing existing hidden debts and reducing average interest costs by over 2.5 percentage points [5] - The central government is introducing a risk-sharing fund to support private enterprises and private equity investment institutions in issuing bonds, providing credit support to mitigate investor losses [6] Group 3: Consumer Support and Financial Policies - The optimization of personal consumption loan interest subsidy policies will allow all consumer loans to benefit from subsidies, including credit card installment payments [10] - The ideal future scenario for the "dual subsidy" policy is to enable consumers to receive interest subsidies automatically, making the process seamless and "unnoticed" [11] Group 4: Export Tax Policy Adjustments - The cancellation of export tax rebates for photovoltaic and electronic products is aimed at promoting efficient resource utilization and addressing "involution" in competition, thereby fostering high-quality economic development [6]

Core Viewpoint - The Chinese government is enhancing its loan interest subsidy policy for service industry operators to further stimulate domestic demand, extending the policy until December 31, 2026, and expanding the scope of supported sectors [2][3]. Group 1: Policy Extension and Scope - The Ministry of Finance and other departments have announced the extension of the loan interest subsidy policy for service industry operators, which was set to expire at the end of last year, for an additional year [2]. - The policy now includes three new categories: digital, green, and retail sectors, in addition to the previously supported eight sectors such as catering, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [2]. Group 2: Increased Financial Support - The maximum loan amount eligible for interest subsidies has been increased from 1 million yuan to 10 million yuan per borrower, with a subsidy period not exceeding one year [3]. - The annual interest subsidy rate remains at 1%, consistent with previous regulations [3]. - The number of banks eligible to process these loans has been expanded to include city commercial banks with a financial regulatory rating of 3A or above, provincial rural commercial banks, rural commercial banks in provincial capital cities, and foreign banks [3]. Group 3: Economic Impact - The Ministry of Finance aims to leverage this policy to provide more low-cost financial resources to service industry operators, thereby improving the flow of capital in the real economy and better meeting the growing demand for high-quality service consumption among the public [3].

经济观察网 据央视新闻客户端消息，财政部、商务部、中国人民银行、金融监管总局四部门联合发布 《关于优化实施服务业经营主体贷款贴息政策的通知》，自2026年1月1日起施行。通知主要明确以下几 个方面： 提高贴息上限。单户可享受贴息的2026年新发放贷款规模最高可达1000万元，贴息期限不超过1年，年 贴息比例为1个百分点，贴息资金由中央财政、省级财政分别按照90%、10%承担。 延长实施期限。延长服务业经营主体贷款贴息政策实施期限至2026年12月31日，2025年3月16日至2025 年12月31日期间发放的贷款按《服务业经营主体贷款贴息政策实施方案》（财金〔2025〕81号）等有关 规定执行。政策到期后，可视情研究延长政策实施期限。 扩大支持领域。在餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育8类消费领域基础上， 将数字、绿色、零售3类消费领域纳入政策支持范围。 ...

Group 1 - The Ministry of Finance, Ministry of Commerce, People's Bank of China, and Financial Regulatory Bureau have announced an extension of the loan interest subsidy policy for service industry operators until December 31, 2026 [1] - The maximum loan amount eligible for interest subsidies is set at 10 million yuan, with a subsidy period not exceeding one year and an annual subsidy rate of 1% [1] - The funding for the interest subsidies will be shared by the central government and provincial governments at a ratio of 90% to 10% [1] Group 2 - The policy now includes support for three additional consumption sectors: digital, green, and retail, expanding beyond the original eight sectors such as catering, health, and tourism [2] - The digital sector corresponds to "Internet and related services" and "digital content services" as classified in the national economic industry classification [2] - The green sector includes industries that meet specific standards in energy-efficient construction, green transportation, and green logistics as outlined in relevant financial regulatory documents [2] Group 3 - A total of 21 national banks and various commercial banks with a financial regulatory rating of 3A or above are included as eligible banks for processing these loans [3] - The list of banks includes major institutions such as the China Development Bank, Agricultural Development Bank of China, and several large commercial banks [3] - The inclusion of both national and provincial banks aims to enhance the accessibility of the loan subsidy program [3]

三、扩大支持领域。在餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育8类消费领域基础 上，将数字、绿色、零售3类消费领域纳入政策支持范围。其中：数字领域对应《国民经济行业分类》 中"互联网和相关服务"、"数字内容服务"行业类别;绿色领域对应《中国人民银行 金融监管总局 中国证 监会关于印发〈绿色金融支持项目目录(2025年版)〉的通知》(银发〔2025〕132号)中符合"建筑节能与 绿色建筑"分类标准的"物业管理"行业类别，符合"绿色交通"分类标准的"汽车租赁"、"其他道路运输辅 助活动"行业类别，以及符合"绿色物流"分类标准的"装卸搬运"、"邮政基本服务"、"快递服务"、"其他 寄递服务"行业类别;零售领域对应《国民经济行业分类》中"零售业"行业类别。文化娱乐领域调整为对 应《文化及相关产业分类(2018)》中除属于制造业细分行业(即四位行业分类代码为数字2、3开头的行 业)外的其他行业。 智通财经APP获悉，1月20日，财政部、商务部、中国人民银行、金融监管总局发布关于优化实施服务 业经营主体贷款贴息政策的通知。通知提到，扩大支持领域。在餐饮住宿、健康、养老、托育、家政、 文化娱乐、旅游、体育8类消 ...

Core Viewpoint - The Ministry of Finance has announced an extension of the loan interest subsidy policy for service industry operators until December 31, 2026, with specific provisions for loans issued between March 16, 2025, and December 31, 2025 [1][2]. Group 1: Policy Extension - The implementation period for the loan interest subsidy policy is extended to December 31, 2026 [1][2]. - Loans issued during the period from March 16, 2025, to December 31, 2025, will follow the guidelines set forth in the relevant policy documents [1][2]. - The possibility of further extending the policy after its expiration will be considered based on circumstances [1][2]. Group 2: Subsidy Details - The maximum loan amount eligible for interest subsidy in 2026 is set at 10 million yuan per borrower [1][2]. - The interest subsidy period is capped at one year, with an annual subsidy rate of 1% [1][2]. - The funding for the subsidy will be shared by the central government (90%) and provincial governments (10%) [1][2]. Group 3: Expanded Support Areas - The policy now includes three additional consumption sectors: digital, green, and retail, alongside the existing eight sectors [1][2]. - The digital sector corresponds to "Internet and related services" and "digital content services" as per the national economic industry classification [1][2]. - The green sector includes categories such as "property management" under energy-efficient and green building standards, "car rental," and "logistics services" that meet green criteria [1][2]. - The retail sector is defined according to the national economic industry classification under "retail industry" [1][2]. - The cultural and entertainment sector has been adjusted to exclude manufacturing sub-sectors as defined by specific industry codes [1][2].

Core Viewpoint - Construction Bank is actively implementing the loan interest subsidy policy for service industry entities, aiming to support sectors such as catering, accommodation, health, and elderly care, with a focus on ensuring the effective use of funds and compliance with regulations [1][2] Group 1: Policy Implementation - The Ministry of Finance and nine other departments issued a notice on August 12 regarding the implementation of the loan interest subsidy policy, which provides a 1% annual subsidy on loan principal for eligible service industry entities, with a maximum loan amount of 1 million yuan per entity [1] - Construction Bank has promptly announced the subsidy policy and is enhancing its promotional efforts to ensure that service industry entities are aware of the policy [1] - The bank is also modifying its operational processes to facilitate online signing of supplementary agreements and collection of usage proof materials [1] Group 2: Fund Usage Monitoring - Construction Bank employs a combination of online and offline verification methods to monitor the use of funds for subsidized loans, ensuring that the policy benefits the eligible market entities [1] - The bank has established several mechanisms to strengthen the management of the use of operating loans, including strict customer admission criteria and contractual agreements specifying the use of loan funds for business operations [1] - The bank has implemented automated system prompts during the loan disbursement process to remind customers of the compliance requirements for loan usage [1] Group 3: Financial Performance - As of the end of September, Construction Bank reported total assets of 45.37 trillion yuan, an increase of 11.83% compared to the end of the previous year [2] - The total amount of loans and advances reached 27.68 trillion yuan, reflecting a growth of 7.10% [2] - The non-performing loan ratio stood at 1.32%, a decrease of 0.02 percentage points from the end of the previous year, while the provision coverage ratio increased to 235.05%, up by 1.45 percentage points [2]