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CN Extends Personal Consumption Loan Interest Subsidy Policy to End 2026, Optimizing Equipment Renewal Loan Interest Subsidy Policy
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The Ministry of Finance (MOF), the People's Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) issued a notice saying that the implementation period for the fiscal subsidy policy on personal consumption loans will be extended to the end of 2026. After adjustment, the implementation period for the fiscal subsidy policy on personal consumption loans spans from 1 September 2025 to 31 December 2026. During this period, residents may receive interest subsidies on eligible consumption expenditures in accordance with regulations. The MOF, the National Development and Reform Commission (NDRC), the PBOC and the NAFR also issued a notice to expand the scope of support. For business entities implementing equipment renewal actions and receiving loans from banks, the central government will provide interest subsidies of 1.5 ppts on the principal of fixed-asset loans related to their equipment renewal projects. The subsidy will be applied from the date the relevant fixed-asset loan is disbursed, with a maximum subsidy period not exceeding two years. AASTOCKS Financial News Website: www.aastocks.com |
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