Three departments: expand the lending for technology innovation and technical renovation, 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 Lending for Technological Innovation and Technological Transformation, Further Supporting Equipment Upgrades". The "Notice" adheres to the strategic basis of expanding domestic demand, optimizing the implementation of policies for the development of new industries, innovating technology financial services, and playing a good role in the incremental policy of technological innovation and technological transformation refinancing, strengthening policy coordination, continuously improving the ability and effectiveness of financial services for small and medium-sized technology enterprises and large-scale equipment upgrades, and 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 policies and measures throughout the entire chain. It expands the scope of support for technological innovation and equipment upgrades, including privately-owned small and medium-sized enterprises with high levels of research and development inputs in the refinancing policy support area, and expands the scope of loan support for technology transformation and equipment upgrades to 14 sectors including electronic information, artificial intelligence, facility agriculture, and consumer business facilities. It improves the quality and effectiveness of loan services, focusing on providing financial services for enterprises to purchase artificial intelligence equipment and software services, promoting the development of "artificial intelligence + industry". It optimizes the provision and management of refinancing loans, and improves the efficiency of policy implementation. In the next step, the People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance will work together with relevant departments to fully promote the implementation of various measures in the "Notice", strengthen monitoring and coordination between departments, guide financial resources to provide accurate and powerful support for technological innovation and equipment upgrades, and create a favorable financial services environment for industrial transformation and upgrading.