State Council: Provide phased interest subsidies for loans to small and medium-sized private enterprises in productive service industries that meet the conditions.

The State Council issued opinions on promoting the expansion and improvement of the service industry. The opinions point out the need to enrich fiscal and financial policy tools, enhance policy support effectiveness and targetability, and improve the financing and credit enhancement system covering elements such as quality, standards, brands, trademarks, patents, and copyrights. Utilize policy tools for service consumption and elderly care refinancing well. Enrich the development of pension financial products and implement long-term care insurance. Optimize the implementation of subsidized loans for service industry operators, providing phased interest subsidies for small and medium-sized private enterprises in the productive service industry that meet the criteria, and increase financial support for new consumer scenarios. Support the integrated development of advanced manufacturing and modern service industries through the existing national government investment funds. Support eligible projects in the service industry to issue real estate investment trusts in the infrastructure sector.