Evening Hot Spots in A-Share Market: Three Ministries Issued Documents Supporting Equipment Updates and Expansion, Involving 14 Fields Including Artificial Intelligence.

1. The Central Bank and three other departments: Expanding the scope of equipment upgrade loans to 14 fields including artificial intelligence Importance: The People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Notice on Expanding the Further Support for Equipment Updates through Innovation and Technology Renovation Loans." The notice focuses on the key links of financial services in technology innovation and equipment upgrades, optimizing policy measures throughout the chain. It expands the scope of support for technology innovation and equipment upgrades, includes privately-owned small and medium-sized enterprises with high levels of R&D investment in the re-lending policy support area, and expands the scope of technology renovation and equipment upgrade loans to 14 fields including electronic information, artificial intelligence, agricultural facilities, and consumer business facilities. It aims to improve the quality and efficiency of loan services, focusing on providing financial services to enterprises for purchasing artificial intelligence equipment and software, promoting the development of "artificial intelligence + industry." It also optimizes the issuance and management of re-lending to improve policy implementation efficiency. 2. Former Deputy Director of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference Yi Huiman has been expelled from the party for serious violations of discipline and law Importance: Approved by the Central Committee of the Communist Party of China, the Central Commission for Discipline Inspection and the National Supervisory Commission have initiated an investigation into the serious violations of discipline and law by Yi Huiman, a member of the 20th Central Committee and former Deputy Director of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference. After investigation, it was found that Yi Huiman used his power or influence to seek benefits for relatives, had others pay expenses that should have been paid by himself, engaged in power-for-money or sex-for-money transactions, and took advantage of his position to seek benefits for others in job promotions, approval for listing, and financing and loans, and unlawfully accepted large amounts of money. After deliberation and review by the meeting of the Standing Committee of the Central Commission for Discipline Inspection and reporting to the meeting of the Political Bureau of the Central Committee, it was decided to expel Yi Huiman from the party and remove him from public office. (Continued...)