Core Viewpoint - The Ministry of Commerce and nine other departments have issued a notice to enhance the construction and expansion of the "15-minute convenient living circle" in urban areas, emphasizing financial and insurance support for community services [1] Financial Support Initiatives - Financial institutions are encouraged to revitalize idle commercial facilities in communities, prioritizing services for the elderly and children [1] - A long-term care insurance system is to be established, with a focus on determining coverage and subsidy standards for economically disadvantaged elderly individuals [1] - The government aims to utilize a 500 billion yuan policy for service consumption and elderly care refinancing to guide financial institutions in increasing support [1] Infrastructure Development - Community commercial complexes, neighborhood centers, department stores, and markets are prioritized for investment through real estate investment trusts (REITs) [1] - The implementation of loan interest subsidy policies for service industry operators is highlighted to support basic livelihood projects [1]

Group 1 - The People's Bank of China has established a service consumption and pension relending program with a quota of 500 billion yuan [1] - The annual interest rate for the relending program is set at 1.5%, with a term of one year and the possibility of two extensions, making the maximum usage period three years [1] - Eligible recipients include 21 national financial institutions such as the National Development Bank, policy banks, state-owned commercial banks, and five city commercial banks deemed systemically important [1] Group 2 - The policy is set to be implemented until the end of 2027 [1]