Hangzhou Municipal Government Issues Banking Loan Financing Subsidies Consumption Vouchers for Science and Innovation Enterprises

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Everyday Economic News AI Briefing, March 18 — According to Hangzhou release, in accordance with the requirements of the “Notice on Several Policies to Promote High-Quality Economic Development (2026 Edition)” issued by the Hangzhou Municipal People’s Government, Hangzhou is issuing bank loan financing discount vouchers (hereinafter referred to as “financing discount vouchers”) to sci-tech innovation enterprises. The total issuance amount is 50 million yuan, available on a first-come, first-served basis until exhausted. The vouchers are available in 10 denominations: 5,000 yuan, 8,000 yuan, 10,000 yuan, 20,000 yuan, 30,000 yuan, 50,000 yuan, 80,000 yuan, 100,000 yuan, 150,000 yuan, and 200,000 yuan. Sci-tech innovation enterprises can enjoy a maximum of 25% fiscal subsidy when using the vouchers.

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