This year's government work report and budget report have made arrangements to support the expansion of domestic demand with greater strength through the combination of fiscal and financial measures, such as the establishment of a special fund of 100 billion yuan for promoting domestic demand through fiscal and financial synergy, and the introduction and implementation of a package of policies for promoting domestic demand through fiscal and financial synergy. From implementing interest subsidy policies for small and medium-sized enterprise loans, implementing special guarantee plans for private investment, to optimizing the implementation of interest subsidy policies for service industry operating entities and personal consumption loans, the Ministry of Finance and other relevant departments have issued and implemented multiple specific policies. What is the specific implementation situation of this package of policies? The reporter recently went to multiple places for interviews. Guangxi Dayuan Technology Co., Ltd., located in Guilin, Guangxi, is a technology-based small and medium-sized enterprise specializing in the research and production of OLED panels. In the company's dust-free workshop, multiple fully automated production lines operate at high speed. In recent years, with the increase of orders, the company has been in a critical period of expanding production and has encountered financing difficulties. With the support of the government and financial institutions, the company has obtained a guarantee loan of 1.6 million yuan this year through the private investment special guarantee program, with a term of 13 months, specifically for the renewal of enterprise equipment and technological transformation. ”The company's general manager Liu Yunfeng said. The private investment special guarantee plan policy enjoyed by Guangxi Dayuan Technology Co., Ltd. is one of the package policies for promoting domestic demand through fiscal and financial coordination this year. According to data, as of early April 2026, the cumulative scale of the Guangxi Private Investment Special Guarantee Program is nearly 1.4 billion yuan, serving more than 1500 private business entities. Investment and consumption are important components of domestic demand. The package of policies launched this year focuses on the two key areas of investment and consumption, with four policies supporting private investment and two policies supporting household consumption, further increasing policy efforts and releasing positive signals of expanding domestic demand. After the introduction of a package of policies to promote domestic demand through the coordination of central finance and finance, Guangxi immediately focused on implementing them, adhering to the principles of convenience, efficiency, precision, effectiveness, and standardized efficiency improvement, forming a transmission chain of 'fiscal guidance, financial amplification, market operation, enterprise follow-up, and individual benefits', accurately supporting the development of business entities, and fully unleashing the consumption potential of residents. ”Li Zhaohui, Director of the Financial Department of the Finance Department of Guangxi Zhuang Autonomous Region, said. In the eyes of industry insiders, finance has played a "combination punch" to stimulate private investment, comprehensively using policies such as interest subsidies for small and medium-sized enterprise loans, equipment renewal loans, and special guarantee plans for private investment to build a multi-level financing support system, which not only reduces financing costs but also lowers financing thresholds. The reporter saw in many interviews that, with the support of a package of policies, small and medium-sized private enterprises can not only obtain loans more easily, but also enjoy interest subsidies according to regulations when they carry out fixed assets investment; With the support of guarantee and credit enhancement, private science and technology innovation enterprises have significantly increased their bank credit lines. Li Nan, Deputy Director of the Department of Finance of the Ministry of Finance, introduced that, focusing on stimulating private investment, the relevant policies in the first quarter had supported enterprise financing of about 330 billion yuan, up 12.8% year on year, 11.1 percentage points higher than the growth rate of fixed assets investment nationwide over the same period, benefiting about 480 billion yuan of investment, helping fixed assets investment to increase from decline and narrow the decline of private investment. Promoting household consumption is another major focus of this year's package of policies. Last September, the consumer loan sector received a "national subsidy", which provides subsidies for personal consumer loans and loans for service industry operators. This year, these two policies have been included in a package of policies and further optimized, with greater interest subsidies, wider consumer sectors, longer implementation periods, and wider institutional coverage. In April of this year, Mr. Xu, who lives in Hangzhou, Zhejiang, applied for a consumer loan of 300000 yuan with a term of 3 years at Hangzhou United Bank in order to renovate his new house, and received an unexpected "red envelope". With the support of the financial subsidy policy for personal consumption loans, Mr. Xu received a 1 percentage point policy subsidy and saved over 2000 yuan in interest this year. Our Hangzhou United Bank is a newly added handling institution after policy optimization this year. We actively promote policy implementation through digital empowerment and system transformation. Currently, over 99% of personal consumption loan interest subsidy businesses have been automatically processed by the system and deducted directly from customer repayments. ”Lin Shiyi, Chairman of Hangzhou United Bank, told reporters that in the first quarter of this year, Hangzhou United Bank has signed agreements with about 20000 households for personal consumption interest subsidized loans, and invested 280 million yuan in loans. During an interview at the Agricultural Bank of China Zhejiang Branch, it was learned that the leverage effect of the consumer interest subsidy policy has gradually become prominent. The bank's consumer loan balance at the end of the first quarter of this year increased by about 12% compared to before the policy optimization; The average financing cost of service industry operators who have received policy support has decreased by 1 percentage point, effectively alleviating financial pressure and helping enterprises stabilize their operations. From the practice in Zhejiang, we have taken measures such as building a cross departmental and multi-level cascading review mechanism to promote the implementation of a package of policies, effectively leveraging the synergy of finance and resources, and injecting strong financial vitality into small and medium-sized enterprises, service industry operators, and other entities. ”Wu Dagui, Deputy Director of the Finance Department of Zhejiang Province, introduced that in the first quarter, the total amount of loans related to four new interest subsidy policies issued by Zhejiang Province exceeded 1 trillion yuan. From the perspective of national implementation, data from the Ministry of Finance shows that in the first quarter of this year, the total amount of new loans issued to small and medium-sized enterprises, equipment renewal loans, service industry operating entity loans, and personal consumption loans exceeded 8.8 trillion yuan, a year-on-year increase of 4.2%; The package of policies has cumulatively benefited 2.71 million business entities and 54.19 million resident consumers, achieving phased results in supporting credit allocation, stimulating private investment, and promoting resident consumption. The overall progress of the package of policies is in line with expectations, and the effects of the policies are gradually becoming apparent. ”Li Nan stated that in the next step, the Ministry of Finance will continue to organize all parties to answer questions together, make every effort to implement policies, closely track policy implementation, fully leverage policy effectiveness, and ensure that policy dividends are universally accessible and fully enjoyed. (Looking into the New Era)