On January 20th, five government departments, including the Ministry of Finance, jointly issued a notice to clarify the implementation of a loan interest subsidy policy for small and medium-sized enterprises (SMEs). The policy's scope of support covers fixed-asset loans for eligible small, medium, and micro private enterprises issued by handling banks starting January 1, 2026, as well as funds from new policy-based financial instruments used for projects involving SMEs; supported sectors include key industrial chains and their upstream and downstream industries, and productive service industries, among others.

According to the announcement, the subsidy plan offers an annual interest subsidy of 1.5 percentage points, with a maximum subsidy period of two years; the upper limit for subsidized loan size per enterprise is 50 million yuan, allowing a single enterprise to enjoy a maximum subsidy of 1.5 million yuan. The policy implementation period is tentatively set for one year, with the possibility of extension based on circumstances.