National Development and Reform Commission: Speed up the screening and push of the list of projects for technology innovation and technological transformation refinancing.

On May 22nd, the National Development and Reform Commission held a press conference. At the meeting, Li Chao, Deputy Director of the Policy Research Office of the National Development and Reform Commission, stated that supporting loans for technological transformation and equipment upgrades is one of the important measures to promote the implementation of the "two new" policies. In recent years, various departments have focused on the needs of enterprises and continuously optimized and improved relevant policies and measures. For example, in terms of expanding the scope, this year's quota for loans for technology innovation and technological transformation has been increased from 500 billion yuan to 1.2 trillion yuan, and the support now extends to 14 areas including electronic information, artificial intelligence, facility agriculture, and consumer business facilities; at the same time, privately-owned small and medium-sized enterprises with high levels of research and development investment have been included in the support range. In terms of improving quality, the interest rate for loans for technology innovation and technological transformation has been reduced from 1.75% to 1.25% this year, and the financial interest subsidy standard for equipment upgrade loans has been increased from 1 percentage point to 1.5 percentage points. Next, the National Development and Reform Commission will work with relevant departments to fully promote the implementation and effectiveness of the policies, mainly focusing on three aspects. Firstly, accelerating the selection and submission of project lists. Currently, the selection of the first batch of projects for 2026 has been initiated, and once approved, they will be promptly submitted to relevant financial institutions. Secondly, promoting the cooperation between government, banks, and enterprises. Guiding financial institutions to take proactive actions, provide frontline services, and actively facilitate financing connections, while optimizing loan processing procedures and documentation in accordance with laws and regulations. Thirdly, strengthening departmental coordination. Enhancing policy exchange and information sharing with local development and reform departments, and promptly coordinating to resolve issues such as information asymmetry and lack of risk mitigation measures.