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Shandong Issues the Implementation Plan for the High-quality Development of the Five Major Areas of Finance

Source：Haibao News 07-25-2025 09:00:00

Recently, Shandong Province issued the Implementation Plan for the High-quality Development of the Five Major Areas of Finance in Shandong Province, proposing that by 2027, the province aims to achieve an average annual growth rate of no less than 20% in loans to technology-based small and medium-sized enterprises and green loans, with at least 100,000 new "first-time borrowers" in the inclusive finance sector each year. The average annual growth rate of loans in the elderly care industry, digital economy, and other fields should exceed the overall loan growth rate. The proportion of direct financing should significantly increase. Furthermore, patient capital and long-term capital should be fostered and expanded.

The Implementation Plan also proposes to actively strive for the allocation of more of the 800 billion yuan re-lending quota for sci-tech innovation and technological transformation to Shandong, with a 1.5% central fiscal interest subsidy provided for the principal of equipment renewal loans supported by re-lending. Additionally, it aims to encourage financial institutions to improve long-term mechanisms for exchange rate risk management services, refine the application scenarios of cross-border financial service platforms, and provide high-quality trade facilitation services.