Three departments: Expand loan disbursements for technological innovation and technological upgrading to further support equipment renewal.

Mars Finance reported on April 30 that the People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Notice on Expanding Loan Issuance for Technological Innovation and Technological Transformation to Further Support Equipment Upgrades." The Notice adheres to the strategic focus of expanding domestic demand, optimizes the implementation of policies related to new economic and social development, innovates science and technology financial services, leverages the incremental policy role of relending for technological innovation and technological transformation, strengthens policy coordination, and continuously improves the capacity and efficiency of financial services for small and medium-sized technology enterprises and large-scale equipment upgrades, accelerating the promotion and application of high-end, intelligent, green, and digital equipment in key areas. The Notice focuses on key aspects of financial services for technological innovation and equipment upgrades, optimizing policy measures across the entire chain. It expands the scope of support for technological innovation and equipment upgrades, including private SMEs with high R&D investment in the relending policy support area, and extends the scope of loan support for technological transformation and equipment upgrades to 14 areas, including 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 to promote the development of "artificial intelligence + industry." It optimizes the issuance and management of relending to improve the efficiency of policy implementation. (PBOC)