Core Insights - Huludao City has implemented a subsidy policy for fishing vessel upgrades and reductions, addressing the urgent needs of fishermen [1][2] - The city organized outreach activities to educate fishermen about the new policies, providing clear guidelines and support [1] - Financial institutions in Huludao have introduced customized loan products to facilitate vessel upgrades, with competitive interest rates [2] Group 1: Policy Implementation - The subsidy policy aims to simplify the process for fishermen to upgrade their vessels and transition to new production methods [1] - A "clear manual" has been distributed to fishermen, detailing the policies in an easy-to-understand format [1] - Fishermen are encouraged to complete vessel upgrades by the end of 2026 to benefit from extended interest subsidies [1] Group 2: Financial Support - Local banks have tailored loan products, with interest rates as low as 2.85% from Huludao Bank and 3% from Liaoning Rural Commercial Bank [2] - A total of 27.1 million yuan has been approved in loans for vessel upgrades, with 16.6 million yuan already disbursed [2] - An electronic ledger and a subsidy calculator app have been developed to streamline the subsidy calculation process for fishermen [2] Group 3: Flexible Solutions - For fishermen with smaller vessels or those reluctant to incur debt, flexible solutions such as partnerships for upgrades or selling old boats for collective upgrades are available [2] - The investment group offers to buy old boats, upgrade them, and lease them back to fishermen, allowing ownership after a specified rental period [2] - The implementation of these policies has led to increased participation from fishermen in upgrading and transitioning their vessels [2]