On April 30, the People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance jointly issued a notice aimed at expanding loans for technological innovation and equipment upgrades. The notice focuses on key areas where financial services can support technological innovation and equipment renewal, introducing comprehensive policy optimizations across the entire process. It broadens the scope of support to include privately-owned small and medium-sized enterprises with significant research and development investment, now eligible for relending policy benefits. Additionally, the coverage of loans for technological upgrades and equipment renewal has been extended to 14 sectors, including electronic information, artificial intelligence, agricultural facilities, and commercial consumer facilities. The policy aims to improve the quality and efficiency of loan services, with particular emphasis on providing financial support for corporate purchases of artificial intelligence equipment and software services, thereby promoting the development of "AI + Industry." The notice also streamlines the issuance and management of relending facilities to enhance the efficiency of policy implementation.