I learned from the Industrial and Commercial Bank, the Agricultural Bank, the Bank of China, and China Construction Bank that the four major commercial banks have taken the lead in implementing interest rate discount policies for micro, small and medium-sized enterprises and loans for service industry operators in the “Notice on Further Improving the Work Related to Fiscal and Financial Coordination Policies to Promote Domestic Demand” jointly issued by the Ministry of Finance and other departments. The four banks made it clear that for eligible working capital loans to micro, small and medium-sized private enterprises issued after August 1, 2026, the central government will provide interest rate discount support of 1 percentage point annualized based on the principal amount of the working capital loan for a period of no more than 2 years. The maximum loan size for single-family enterprises that can enjoy interest rate discounts for micro, small and medium-sized enterprises in a single bank has been raised from 50 million yuan to 75 million yuan per year, and the maximum loan size that single-family enterprises can enjoy loan interest rate discounts from service industry operators in a single bank has been raised from 10 million yuan to 20 million yuan per year.

I learned from the Industrial and Commercial Bank, the Agricultural Bank, the Bank of China, and China Construction Bank that the four major commercial banks have taken the lead in implementing interest rate discount policies for micro, small and medium-sized enterprises and loans for service industry operators in the “Notice on Further Improving the Work Related to Fiscal and Financial Coordination Policies to Promote Domestic Demand” jointly issued by the Ministry of Finance and other departments. The four banks made it clear that for eligible working capital loans to micro, small and medium-sized private enterprises issued after August 1, 2026, the central government will provide interest rate discount support of 1 percentage point annualized based on the principal amount of the working capital loan for a period of no more than 2 years. The maximum loan size for single-family enterprises that can enjoy interest rate discounts for micro, small and medium-sized enterprises in a single bank has been raised from 50 million yuan to 75 million yuan per year, and the maximum loan size that single-family enterprises can enjoy loan interest rate discounts from service industry operators in a single bank has been raised from 10 million yuan to 20 million yuan per year.