Ministry of Finance and 4 other departments: Central finance provides a 1.5 percentage point subsidy on the principal of fixed asset loans related to equipment updates for operating entities.

On January 20, the Ministry of Finance and four other departments issued a notice on optimizing the implementation of equipment updating loan financial subsidy policy. It proposed to expand the scope of support. For businesses implementing equipment updating actions and receiving loans from banks, the central government will provide a 1.5 percentage point interest subsidy on the principal of fixed asset loans related to the equipment updating project, starting from the date of the fixed asset loan issuance, with a subsidy period not exceeding 2 years. The policy will be implemented until December 31, 2026, and may be extended based on the situation. The notice also pointed out the expansion of support areas. In addition to supporting equipment updates in industries such as industry, energy and power, transportation, logistics, culture and tourism, and old agricultural machinery, it will also include construction and municipal projects, energy equipment, aircraft, electronic information, safety production, facility agriculture, fishing boats, cold chain facilities, grain and oil processing, waste recycling, small hydropower, consumer business facilities, artificial intelligence, and elderly care, to increase support for high-end, intelligent, green, and digital equipment updates. Furthermore, the notice mentioned increasing the number of handling banks to 26, streamlining the interest subsidy process, and improving fund settlement and clearing procedures. The document emphasized strengthening organization and implementation by various ministries and institutions, as well as enhancing supervision and management to ensure the effective implementation of the policy. This announcement was implemented starting from January 1, 2026.