Core Viewpoint - The announcement by China Merchants Bank outlines the implementation of interest subsidies for loans to small and micro enterprises and service industry operators, in line with national policies aimed at boosting the private economy and domestic demand [1][2]. Group 1: Loan Subsidy Implementation - Starting from January 1, 2026, the bank will provide interest subsidies for fixed asset loans to eligible small and micro private enterprises and service industry operators [1]. - Loans issued between March 16, 2025, and December 31, 2025, will continue to be processed under the existing subsidy policies [1]. - The bank aims to streamline the application process and simplify procedures to ensure the prompt implementation of these policies [1]. Group 2: Customer Advisory - The bank emphasizes that there will be no additional fees for processing these loan subsidies and warns customers to be cautious of potential scams [1]. - Customers are encouraged to reach out to bank branches or the customer service hotline for any inquiries [1].

Group 1 - The Ministry of Finance, in collaboration with the central bank and other regulatory bodies, has announced a series of notifications to optimize personal consumption loan interest subsidy policies, extending the implementation period to the end of 2026 [3] - The personal consumption loan interest subsidy policy will now be effective from September 1, 2025, to December 31, 2026, allowing residents to enjoy subsidies for qualifying consumption during this period [3] - A new policy for small and micro enterprises has been introduced, providing a 1.5% annual interest subsidy on fixed asset loans, with a maximum subsidy loan size of 50 million yuan per entity, effective from January 1, 2026, for a period of up to 2 years [3] Group 2 - The service industry loan interest subsidy policy has also been extended until December 31, 2026, with specific provisions for loans issued between March 16, 2025, and December 31, 2025 [4] - A subsidy of 1.5% on fixed asset loans for equipment upgrades will be provided, applicable to loans issued from the date of loan issuance for a maximum period of 2 years, with the policy effective until December 31, 2026 [4] - A special guarantee plan for private investment has been established with a quota of 500 billion yuan, to be implemented over two years [4]