Nine ministries: Strictly prohibit service industry operators from using loan funds for real estate development or investment, financial management, and other arbitrage activities.

date
12/08/2025
The Ministry of Finance, the Ministry of Civil Affairs, and nine other departments issued the "Implementation Plan for Interest Subsidies on Loans for Service Industry Entities" on the 12th. It specifies that service industry entities must ensure that loan funds are used for compliant business activities, improving service supply capabilities, and enhancing consumer infrastructure. It is strictly prohibited to falsely report, illegally claim, embezzle, withhold, occupy, or misuse loan funds, and to use loan funds for real estate development, investment, financial management, or arbitrage activities. Participating banks must strictly adhere to the audit results of relevant departments when claiming interest subsidy funds to ensure that the funds are used in compliance to pay entities meeting the subsidy conditions, and banks and entities are strictly prohibited from embezzling interest subsidy funds.