Core Viewpoint - Jiangsu Province is implementing a new fiscal subsidy policy for manufacturing loans in 2026 to enhance financial support for enterprises, focusing on high-quality development in the manufacturing sector [1] Group 1: Policy Implementation - The new policy will provide a 1% subsidy from both provincial and municipal governments for manufacturing enterprises that update equipment through bank loans, effective from 2024 [1] - By the end of 2025, the joint provincial and municipal subsidy funding reached 1.059 billion yuan, facilitating over 100 billion yuan in loans for 1,672 projects, including 72.5 billion yuan specifically for equipment loans [1] Group 2: Policy Expansion and Optimization - The 2026 policy will expand the subsidy scope to include new policy financial tools, which have interest rates of approximately 2.3% to 2.8%, ensuring that the effective interest rates remain competitive [2] - The subsidy cap for individual projects will be adjusted from 10 million yuan to 6 million yuan, and for individual enterprises from 20 million yuan to 10 million yuan, to better support small and medium-sized enterprises [2] - The policy's implementation period may be extended beyond 2026 based on evaluation outcomes, aiming to stabilize long-term investment expectations for enterprises [2] Group 3: Expected Outcomes - The adjustments in the subsidy policy are designed to lower financing costs for manufacturing enterprises, stimulate market vitality, and support the growth of quality enterprises in Jiangsu [2]