China Construction Bank Rolls Out Measures to Support Advanced Manufacturing

China Construction Bank yesterday (the 2nd) released a dedicated financial service plan and introduced several measures to step up support for advanced manufacturing. Under the plan, the bank will focus on key industrial layouts under the 15th Five-Year Plan, targeting industries including low-altitude economy, brain-computer interfaces, embodied intelligence, quantum information, integrated circuits and biomedicine. It will specify lists of key enterprises and industrial chain maps and formulate special financing service plans. The bank will also make use of national special policies on relending and fiscal interest subsidies to support enterprises in equipment upgrades. In addition, it will offer exclusive financial products for advanced manufacturing industrial clusters. The bank said it strives to provide more than 6 trillion yuan in total financing to various manufacturing entities by the end of the 15th Five-Year Plan period. (CCTV News)