Three departments: Expand the issuance of loans for technological innovation and technological transformation to further support equipment upgrades

Recently, the People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Notice on Expanding the Supply of Technology Innovation and Technological Transformation Loans to Further Support Equipment Upgrades" (hereinafter referred to as the "Notice").

The "Notice" adheres to the strategic foundation of expanding domestic demand, optimizes the implementation of the "Two New" policies, innovates financial services for science and technology, leverages the policy of increasing re-lending for technological innovation and technological transformation, strengthens policy coordination, continuously improves financial services for small and medium-sized science and technology enterprises and large-scale equipment upgrades, and accelerates the promotion and application of high-end, intelligent, green, and digital equipment in key areas.

The "Notice" focuses on the important links of financial services for technological innovation and equipment upgrades, optimizing policy measures across the entire chain. It expands support for science and technology innovation and equipment upgrades, including private small and medium-sized enterprises with high R&D investment levels into the scope of re-lending policy support, and extends the scope of loans for technological transformation and equipment upgrades to 14 fields such as electronic information, artificial intelligence, facility agriculture, and consumer commercial facilities. It improves the quality and efficiency of loan services, focusing on providing financial services for enterprises purchasing artificial intelligence equipment and software services, promoting the development of "Artificial Intelligence + Industry." It optimizes the issuance and management of re-lending, enhancing the efficiency of policy implementation.

Next, the People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance will work with relevant departments to fully promote the implementation of various measures in the "Notice," strengthen tracking and monitoring, and departmental coordination, guiding financial resources to precisely and effectively support technological innovation and equipment upgrades, and creating a favorable financial service environment for industrial transformation and upgrading. (CCTV News)