Eight departments including the People's Bank of China jointly issued the “Guiding Opinions on Expanding the Capacity and Quality Improvement of the Financial Support Service Industry”. The “Opinions” state that they should make good use of policy tools such as service consumption and pension refinancing, optimize policies in due course, provide incentives and guide financial institutions to increase the supply of credit to service consumers, and do a good job in financial support for key areas of the service industry. Implement a package of fiscal and financial coordination policies to promote domestic demand, such as loan interest rates for service industry operators, interest rates on loans for micro, small and medium-sized enterprises, and interest rates on personal consumption loans. Give full play to the role of government financing guarantees, determine the scope of financing guarantee business and guarantee rates in accordance with the principles of marketization and legalization, and support the financing development of operators in the service industry and other fields. Implement the first insurance compensation policy. Continue to promote the identification of comprehensive financing costs for enterprises and personal loans, and promote the operation of comprehensive financing costs for small and medium-sized service enterprises at a low level.

Eight departments including the People's Bank of China jointly issued the “Guiding Opinions on Expanding the Capacity and Quality Improvement of the Financial Support Service Industry”. The “Opinions” state that they should make good use of policy tools such as service consumption and pension refinancing, optimize policies in due course, provide incentives and guide financial institutions to increase the supply of credit to service consumers, and do a good job in financial support for key areas of the service industry. Implement a package of fiscal and financial coordination policies to promote domestic demand, such as loan interest rates for service industry operators, interest rates on loans for micro, small and medium-sized enterprises, and interest rates on personal consumption loans. Give full play to the role of government financing guarantees, determine the scope of financing guarantee business and guarantee rates in accordance with the principles of marketization and legalization, and support the financing development of operators in the service industry and other fields. Implement the first insurance compensation policy. Continue to promote the identification of comprehensive financing costs for enterprises and personal loans, and promote the operation of comprehensive financing costs for small and medium-sized service enterprises at a low level.