Core Viewpoint - The article discusses the implementation plan for the loan interest subsidy policy for service industry operators, aimed at boosting consumption and expanding domestic demand in line with national strategies [4]. Policy Content - The policy supports loans issued to service industry operators in eight consumption sectors: catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [5]. - Loans must be signed between March 16, 2025, and December 31, 2025, and funds must be used to improve consumption infrastructure and enhance service supply capabilities [5]. - The subsidy covers a maximum loan amount of 1 million yuan per entity, with a subsidy rate of 1% for up to one year, funded by central and provincial finances [6]. Loan Process - Eligible service industry operators can apply for loans at designated banks, which will approve and disburse loans based on market principles [7]. - Banks must report monthly on loan issuance to relevant provincial departments for review [7]. Subsidy Process - After the policy period, banks will apply for subsidy funds based on the loans issued, with a deadline for applications set for January 2026 [8]. - The Ministry of Finance will settle and disburse the subsidy funds to banks within a specified timeframe [8]. Supervision and Management - The policy emphasizes the responsibilities of local governments, banks, and industry management departments to ensure compliance and effective use of funds [10]. - Strict measures are in place to prevent misuse of funds, with penalties for violations [11].

Core Viewpoint - The implementation of the "Service Industry Operating Entity Loan Interest Subsidy Policy" aims to stimulate consumption and expand domestic demand by providing interest subsidies for loans to eligible service industry entities in eight consumption sectors [1][2]. Policy Content - The policy supports loans issued to service industry entities in eight sectors: catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [2]. - Loans must be signed between March 16, 2025, and December 31, 2025, and funds must be used to improve consumption infrastructure and enhance service supply capabilities [2]. - The policy may be extended or expanded based on its implementation effectiveness after the initial term [2]. Interest Subsidy Standards - The subsidy covers loans with a maximum scale of 1 million yuan per entity, with a subsidy rate of 1% per annum for a maximum of one year [3]. - The central and provincial finances will bear 90% and 10% of the subsidy, respectively [3]. Loan Processing - Eligible entities can apply for loans at designated banks, which will approve and disburse loans based on market principles [5]. - Banks must report monthly on the loan issuance status to relevant provincial departments for review [5]. Subsidy Fund Management - After the policy period, banks will apply for subsidy funds based on the loans issued, with a deadline for applications set for January 2026 [6]. - The Ministry of Finance will settle and allocate the subsidy funds to banks within a specified timeframe [6]. Responsibilities and Oversight - Local governments and provincial departments are responsible for organizing and supervising the implementation of the policy [8]. - Banks must ensure that loan funds are used for compliant business activities and not for real estate or speculative investments [8][9]. - Violations of the policy will lead to penalties and recovery of funds [9]. Supported Sectors - The policy outlines specific support for various sectors, including: - Catering and accommodation services to enhance service quality and safety [10]. - Health services to improve public health offerings [11]. - Elderly care services to enhance the quality of life for seniors [11]. - Childcare and housekeeping services to improve service capabilities [12]. - Cultural, entertainment, and tourism services to stimulate consumer activities [12]. - Sports services to promote sports consumption and events [13].

Core Points - The Ministry of Finance and other government departments have issued a notice regarding the implementation of a loan interest subsidy policy aimed at boosting consumption and expanding domestic demand [1][2] - The policy targets service industry entities in eight sectors: catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1][2] - Loans must be signed between March 16, 2025, and December 31, 2025, and funds must be disbursed to the operating entities during this period to qualify for the subsidy [1][2] Summary by Categories - **Loan Eligibility**: Loans must be issued by banks to service industry entities in specified sectors, and funds must be used to improve consumption infrastructure and enhance service supply capabilities [2] - **Sector Classification**: The relevant sectors correspond to specific categories in the National Economic Industry Classification, including accommodation and catering, resident services, cultural, sports, and entertainment industries [2] - **Policy Duration and Expansion**: The policy may be extended or its support scope expanded based on the effectiveness of its implementation after the initial term [3]

Group 1 - The Ministry of Finance and nine other departments issued a policy implementation plan for interest subsidies on loans to service industry operators, aimed at supporting sectors such as catering, accommodation, health, elderly care, childcare, housekeeping, culture, entertainment, and sports [1] - Loans eligible for interest subsidies must be signed between March 16, 2025, and December 31, 2025, and the funds must be used to improve consumption infrastructure and enhance service supply capacity [1] - The policy may be extended and the support scope expanded based on the implementation effects after the policy expiration [1] Group 2 - The policy applies to various service sectors classified under the National Economic Industry Classification, including "Accommodation and Catering," "Resident Services, Repair, and Other Services," and "Culture, Sports, and Entertainment" [1] - Private non-enterprise legal persons providing elderly care services will also be eligible for the loan interest subsidy policy [1] - The loans must comply with the relevant statistical standards set by the People's Bank of China for the elderly care industry [1]

Core Points - The Ministry of Finance and the People's Bank of China, along with nine other departments, have issued a policy implementation plan for interest subsidies on loans to service industry operators [1] Group 1: Policy Details - The loans eligible for interest subsidies must be issued by banks to operators in eight service sectors: catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1] - Loans must be contracted between March 16, 2025, and December 31, 2025, and the funds must be used to improve consumer infrastructure and enhance service supply capabilities [1] - Specific industry classifications for the eligible sectors are defined according to the National Economic Industry Classification and relevant statistical classifications [1] Group 2: Eligibility and Implementation - Eligible operators include individuals, legal entities, and unincorporated organizations engaged in profit-making activities as per the Market Entity Registration Management Regulations [1] - Non-enterprise legal entities providing elderly care services are also eligible for the loan interest subsidy policy [1] - The policy may be extended or expanded based on the effectiveness of its implementation after the expiration date [1]

Company Overview - Ningdu County Wenxiang Shiguo Hotel Management Co., Ltd. has been established with a registered capital of 2 million RMB [1] - The legal representative of the company is Zeng Mengyao [1] - The company is wholly owned by Ningdu County Wenxiang Education Logistics Operation Co., Ltd. [1] Business Scope - The business scope includes licensed projects such as catering services, accommodation services, and food sales [1] - Other activities include hotel management, daily necessities wholesale and retail, fresh fruit wholesale and retail, and delivery services [1] - The company is also involved in conference and exhibition services, engineering management services, and rental services for flowers and plants [1] Company Details - The company is classified under the national standard industry of accommodation and catering, specifically general hotels [1] - The registered address is located in the industrial park of Ningdu County, Ganzhou City, Jiangxi Province [1] - The business registration is valid until August 11, 2025, with no fixed expiration date [1]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - In July 2025, the national consumer price index (CPI) was flat year - on - year. Food prices decreased by 1.6%, non - food prices increased by 0.3%, consumer goods prices decreased by 0.4%, and service prices increased by 0.5%. From January to July, the average CPI decreased by 0.1% compared with the same period last year [5][51]. - In July 2025, the producer price index for industrial products (PPI) decreased by 3.6% year - on - year, and the purchasing price index for industrial producers decreased by 4.5%. From January to July, the average PPI decreased by 2.9% compared with the same period last year, and the purchasing price index for industrial producers decreased by 3.2% [5][58]. - As of the end of July 2025, China's gold reserves were 73.96 million ounces, an increase of 60,000 ounces from the end of June 2025, increasing for 9 consecutive months. It is expected that the central bank will continue to increase its gold holdings [6]. - As of the end of July 2025, China's foreign exchange reserves were $3.2922 trillion, a decrease of $25.2 billion or 0.76% from the end of June, remaining above $3.2 trillion for 20 consecutive months [6]. - In the first 7 months of this year, China's goods trade showed an upward trend. The total value of imports and exports was 25.7 trillion yuan, a year - on - year increase of 3.5%, and the growth rate was 0.6 percentage points faster than that in the first half of the year [6]. - In July 2025, the manufacturing purchasing managers' index (PMI) was 49.3%, down 0.4 percentage points from the previous month. The manufacturing industry's prosperity level declined seasonally and generally remained in a downward trend [6]. 3. Summary According to Relevant Catalogs National Economic Accounting - GDP quarterly year - on - year growth rates from Q1 2023 to Q2 2025 are presented. Different industries such as agriculture, forestry, animal husbandry and fishery, industry, construction, and services have their respective growth rate trends [8]. - The contribution rates of different industries to GDP growth from Q1 2023 to Q2 2025 are shown, including agriculture, forestry, animal husbandry and fishery, industry, construction, and various service - related industries [13]. Industry Industrial Growth Rate - The year - on - year growth rates of added value of major industries from May to June in the past two years are provided, including coal mining and washing, oil and gas extraction, and manufacturing industries [22]. Major Industrial Output - The output data of major industrial products from June 2024 to June 2025 are listed, including energy products, industrial raw materials, and finished products [24]. Industry Electricity Consumption - The year - on - year growth rates of electricity consumption of major industries from March 2024 to May 2025 are given, including agriculture, forestry, animal husbandry and fishery, mining, and manufacturing [33]. Industrial Enterprise Profits - From January to June 2025, the total profit of large - scale industrial enterprises was 3.4365 trillion yuan, a year - on - year decrease of 1.8%. The main industry profit situations vary, with some industries showing growth and others decline [36]. - From January to June 2025, the mining industry's profit was 429.41 billion yuan, a year - on - year decrease of 30.3%; the manufacturing industry's profit was 2.59006 trillion yuan, a year - on - year increase of 4.5%; the electricity, heat, gas and water production and supply industry's profit was 417.04 billion yuan, a year - on - year increase of 3.3% [41]. Industrial Enterprise Inventory - As of the end of May 2025, the finished product inventory of large - scale industrial enterprises was 6.65 trillion yuan, a year - on - year increase of 3.5%. The overall inventory is in a stage from passive replenishment to passive destocking [46]. Price Index CPI - In July 2025, the CPI was flat year - on - year. Food prices decreased, while non - food prices increased. The average CPI from January to July decreased by 0.1% compared with the same period last year [51]. - The year - on - year and month - on - month data of CPI sub - items from July 2024 to July 2025 are presented, including food, clothing, housing, and other categories [52]. PPI - In July 2025, the PPI decreased by 3.6% year - on - year, and the purchasing price index for industrial producers decreased by 4.5%. The average PPI from January to July decreased by 2.9% compared with the same period last year [58]. - The year - on - year data of PPI for major industries from July 2024 to July 2025 are provided, including production materials, living materials, and various mining and manufacturing industries [58][61]. - The year - on - year data of industrial producer purchasing prices from July 2024 to July 2025 are given, including fuel power, black metal materials, and other categories [62]. Main City Newly - Built Residential Prices - The year - on - year and month - on - month data of the price index of newly - built commercial residential buildings in 70 large and medium - sized cities from June 2015 to June 2025 are shown, including data for first - tier, second - tier, and third - tier cities [63][64][66].

Group 1 - Jiangsu Meiqilin Elegant Hotel Management Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The company is wholly owned by Jiangsu Jiyuan Investment Management Co., Ltd. [1] - The legal representative of the company is Xu Hui [1] Group 2 - The business scope includes accommodation services, small catering, food sales, tobacco retail, hotel management, and property management [1] - The company is classified under the accommodation and catering industry, specifically general hotels [1] - The registered address is located in the New Material Industrial Park, Youfang Town, Yangzhong City, Jiangsu Province [1]

Core Viewpoint - The service industry in Shaanxi Province is showing a stable and positive development trend, contributing significantly to the province's economic stability in the first half of the year [1]. Group 1: Service Industry Growth - The added value of the service industry in Shaanxi increased by 5.1% year-on-year in the first half of the year, indicating strong internal growth momentum [2]. - Traditional service sectors such as accommodation and catering, wholesale and retail, and transportation, storage, and postal services grew by 5.2%, 5.3%, and 5.4% respectively, reflecting a balanced growth pattern driven by rising disposable income and consumption upgrades [2]. - New consumption models, particularly during holidays and nighttime economies, have revitalized traditional service industries [2]. Group 2: Modern Service Industry as a Growth Engine - From January to May, the rental and business services sector saw a revenue increase of 17.8%, with business services growing by 18.1%, and scientific research and technical services growing by 12.8%, including a remarkable 46.9% growth in research and experimental development [3]. - Knowledge-intensive services are becoming the main driving force for growth, with high-value-added sectors like R&D and business services showing rapid growth [3]. - The significant growth in research and experimental development indicates ongoing technological innovation in Shaanxi, supporting industrial upgrades [3]. Group 3: Policy Support and Future Outlook - The growth of the service industry is supported by targeted policies from the provincial government, including financial support mechanisms and improvements in the business environment [4]. - The number of China-Europe freight trains (Xi'an) operating in the first half of the year reached 3,055, a year-on-year increase of 28.8%, enhancing Shaanxi's openness and providing new opportunities for high-quality service industry development [5]. - The future outlook for Shaanxi's service industry remains optimistic, with expectations of continued stable growth driven by policy benefits, expanding market demand, and increasing innovation [5].

"今年'两重'建设项目清单8000亿元已全部下达完毕，中央预算内投资7350亿元已基本下达完毕。"国家发展改革委政策研 究室主任、新闻发言人蒋毅在8月1日国家发展改革委举行的新闻发布会上透露。 本报记者 韩昱 中共中央政治局7月30日召开会议（以下简称"会议"）。会议强调，高质量推动"两重"建设，激发民间投资活力，扩大有 效投资。 "今年'两重'建设呈现加速和加力两个明显特征。"吉林省财政科学研究所所长、研究员张依群在接受《证券日报》记者采 访时表示，会议强调"扩大有效投资"抓住了当前投资领域的关键。下半年，随着政府债券发行进度加快和投资实物工作量增 加，经济企稳回升态势将会更加明显，内需潜力也将不断释放。 "两重"建设进度明显加快 "两重"建设包括国家重大战略实施和重点领域安全能力建设，是党中央着眼强国建设、民族复兴全局作出的一项重大决策 部署，事关国家安全和民生福祉。 今年《政府工作报告》明确提出，"用好超长期特别国债，强化超长期贷款等配套融资，加强自上而下组织协调，更大力 度支持'两重'建设"。那么，今年以来"两重"建设情况如何？ 国家统计局最新数据显示，上半年，民间项目投资平稳增长。分行业看，住宿和餐 ...