Core Viewpoint - The Ministry of Finance, Ministry of Commerce, People's Bank of China, and Financial Regulatory Administration have issued a notice to optimize the implementation of the loan interest subsidy policy for service industry operators, aiming to enhance support for various consumption sectors [1] Group 1: Policy Changes - The notice proposes to increase the upper limit of interest subsidies and expand the supported sectors [1] - In addition to the existing eight categories of consumption, three new categories—digital, green, and retail—will be included in the policy support scope [1] Group 2: Green Sector Inclusion - The green sector corresponds to the "green transportation" classification standards outlined in the notice issued by the People's Bank of China, Financial Regulatory Administration, and China Securities Regulatory Commission [1] - Specific industries included under the green sector are "car rental" and "other road transport auxiliary activities" [1]

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].