Hubei: Related loans exceed 580 billion yuan; fiscal-financial coordination policy to boost domestic demand continues to expand.

Hubei held a press conference on "Deepening Fiscal-Financial Coordination to Empower Technological Innovation and High-Quality Development." This year, the state deployed and implemented a package of fiscal-financial coordination policies to boost domestic demand. The Hubei Provincial Department of Finance stated that the province's newly issued loans related to the package of policies have exceeded 580 billion yuan this year. Next, the scope will continue to be expanded. The provincial finance department will allocate an additional 100 million yuan to expand the implementation of two consumer loan interest subsidy policies, supporting an increase in the number of banking institutions providing interest subsidy policy services from 44 to 111, with all banks in Hubei fully included. The scope of interest subsidies will be broadened to fully include personal consumer loans and all types of credit card installment businesses within the policy support scope, granting a 1 percentage point fiscal interest subsidy; newly include working capital loans for small, medium, and micro enterprises within the policy support scope for small, medium, and micro enterprise loans, granting a 1 percentage point fiscal interest subsidy. The interest subsidy amount will be raised, increasing the upper limit of interest subsidies for personal consumer loans from 3,000 yuan to 5,000 yuan, and raising the upper limit of the scale of interest-subsidized loans for service industry business entities from 10 million yuan to 20 million yuan.