Beijing, China - Aug 21, 2026 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. SOUNDBITE (Chinese) Liao Min, vice minister, Ministry of Finance (partially overlaid with shot 3):
"First, we will expand the scope of interest subsidies. Fully taking into account the actual needs of enterprises, on top of the previous fixed-asset loans, we will also include newly issued working capital loans in the interest subsidy policy for small- and medium-sized enterprises. To better align with public consumption habits, various new credit card installment consumption transactions, including car purchases and home renovation, will also be brought under the policy's coverage. Second, we will increase the number of handling agencies. The number of agencies handling interest subsidies on loans to small and medium-sized enterprises and loans to service business operators will be further increased, from approximately 100 to roughly 400. Third, we will further raise the upper limit on quotas. The maximum loan amount eligible for interest subsidies for small and medium-sized enterprises will be increased from 50 million yuan to 75 million yuan, and the maximum loan amount eligible for interest subsidies for service business operators will be raised from 10 million yuan to 20 million yuan. In addition, the maximum interest subsidy for individual consumer loans eligible under the policy will be increased from the previous 3,000 yuan to 5,000 yuan, so as to better meet the investment needs of business operators and the consumption needs of consumers."
++SHOT OVERLAYING SOUNDBITE++
3. Various of reporters
++SHOT OVERLAYING SOUNDBITE++
4. Various of reporters
5. SOUNDBITE (Chinese) Liao Min, vice minister, Ministry of Finance:
"In line with the needs of economic development, we are continuing to research and formulate new policies and measures for fiscal and financial coordination, which will be rolled out in the second half of this year. At the same time, we are strengthening overall coordination efforts and will work together with the central bank and financial regulatory authorities to promote the normalization and long-term sustainability of fiscal-financial synergy."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of Chinese yuan banknotes going through cash counting machine; bank clerks at work; bundles of Chinese yuan
7. Sign for personal loan center
8. Bank clerks serving clients at loan center for small- and micro-sized enterprises
9. Clients at bank

FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
10. Aerial shots of cityscape

China's coordinated fiscal and financial policies aimed at increasing domestic demand have been optimized and improved, a finance ministry official said on Friday.

New measures include expanding the scope of interest subsidies, increasing the number of agencies, and raising the upper limit on quotas, Vice Minister of Finance Liao Min told a press conference held by the State Council Information Office.

"First, we will expand the scope of interest subsidies. Fully taking into account the actual needs of enterprises, on top of the previous fixed-asset loans, we will also include newly issued working capital loans in the interest subsidy policy for small- and medium-sized enterprises. To better align with public consumption habits, various new credit card installment consumption transactions, including car purchases and home renovation, will also be brought under the policy's coverage," said Liao.

"Second, we will increase the number of handling agencies. The number of agencies handling interest subsidies on loans to small and medium-sized enterprises and loans to service business operators will be further increased, from approximately 100 to roughly 400. Third, we will further raise the upper limit on quotas. The maximum loan amount eligible for interest subsidies for small and medium-sized enterprises will be increased from 50 million yuan to 75 million yuan, and the maximum loan amount eligible for interest subsidies for service business operators will be raised from 10 million yuan to 20 million yuan. In addition, the maximum interest subsidy for individual consumer loans eligible under the policy will be increased from the previous 3,000 yuan to 5,000 yuan, so as to better meet the investment needs of business operators and the consumption needs of consumers," Liao added.

The Ministry of Finance is working on and formulating new policies and measures, which are expected to be introduced in the second half of this year, according to Liao.

"In line with the needs of economic development, we are continuing to research and formulate new policies and measures for fiscal and financial coordination, which will be rolled out in the second half of this year. At the same time, we are strengthening overall coordination efforts and will work together with the central bank and financial regulatory authorities to promote the normalization and long-term sustainability of fiscal-financial synergy," he said.