Sichuan Development and Reform Commission issued measures to support green,
low‑carbon development, including interest subsidies for equipment-upgrade
loans. Qualifying equipment-upgrade loans will receive an additional interest
subsidy funded by ultra-long special sovereign bond proceeds on top of the
central government's 1.5 percentage-point fiscal subsidy. For eligible
technical-transformation and equipment-upgrade loans, Sichuan will provide a
provincial subsidy at an annual rate of 1.5% for up to one year; multiple loans
by a single enterprise may be consolidated for application and the provincial
subsidy is capped at 5 mln yuan per firm per year. Banks are urged to
proactively obtain subsidy funds and disburse them promptly to lower firms'
financing costs.
