Hangzhou Distributes 50 Million Yuan in Finance and Consumption Vouchers

This article is reprinted from: Anqing Daily

Hangzhou distributes 50 million yuan in financing consumption vouchers

Tech innovation companies can get up to 25% off on loan interest

To effectively reduce the financing costs for tech innovation companies and stimulate their innovation vitality, on March 18, the Hangzhou Science and Technology Bureau and the Hangzhou Finance Bureau jointly announced that starting from April 1, 2026, they will issue a total of 50 million yuan in bank loan interest subsidy vouchers to all tech innovation companies in the city. Eligible companies can enjoy a maximum of 25% financial subsidy on their loan interest.

The target recipients of these financing interest subsidy vouchers are tech innovation companies recognized by science and technology departments at or above the municipal level in Hangzhou. The total activity fund is 50 million yuan, on a first-come, first-served basis.

The vouchers are carefully divided into ten denominations: 5,000 yuan, 8,000 yuan, 10,000 yuan, 20,000 yuan, 30,000 yuan, 50,000 yuan, 80,000 yuan, 100,000 yuan, 150,000 yuan, and 200,000 yuan, to meet the financing needs of companies of different sizes. After successfully applying for and using the vouchers, companies that obtain bank loans and have normal interest payments can enjoy up to 25% in financial interest subsidies.

To ensure that policy benefits reach companies more quickly, the application process is fully online. Tech innovation companies only need to log in to the official designated “HangChuang E-Station” platform, complete registration, sign the authorization agreement, and initiate loan financing requests. Each completed step grants one application opportunity. In other words, each company can apply for up to three financing interest subsidy vouchers.

During the usage phase, each loan can use up to three vouchers to maximize the subsidy amount. All vouchers must be redeemed and used before June 30, 2027; overdue vouchers will be automatically invalidated.

This innovative approach of providing financial support through “vouchers” is an important measure for Hangzhou to optimize the financing environment for tech innovation companies and cultivate the “296X” advanced manufacturing cluster. Relevant officials from the Science and Technology Bureau and the Finance Bureau emphasized that applying companies and partner banks must uphold honesty and trustworthiness and voluntarily accept supervision and audits by third-party organizations. Companies listed on serious dishonesty lists or included in the list of persons subject to enforcement of dishonesty will not be supported.

Tech innovation companies can follow the “HangChuang E-Station” official platform, click on the menu to access the mini-program, complete company registration and authorization. For inquiries, call: 0571-87978293 (Weekdays 9:00-21:00).

Source: March 19, Hangzhou Daily