Hainan Province Strengthens Financial Support for Green Smart Home Appliances and New Energy Vehicles
Hainan Province recently released an implementation plan for large-scale equipment renewal and consumer goods trade-in, highlighting the importance of implementing the re-loan policy for technological innovation and transformation. The plan aims to accelerate the adoption of green technologies and promote sustainable development in the region.
The implementation plan calls for banking institutions to enhance their green loan products and increase medium- and long-term loans to the manufacturing industry. The goal is to provide financial support for the production of green smart home appliances and new energy vehicles. Additionally, the plan encourages the innovation of consumer loan services, including auto loan terms and credit lines, to support the trade-in of consumer goods.
To facilitate financing for suppliers involved in equipment updates and consumer goods trade-ins, the plan proposes the utilization of the Zhongzheng accounts receivable financing service platform. This will improve the accessibility of financing and support qualified enterprises in becoming high-quality pilot enterprises for cross-border trade.
The implementation plan reflects Hainan Province’s commitment to promoting sustainability and technological innovation in the manufacturing sector. By providing financial support for green technologies and encouraging the trade-in of consumer goods, the province aims to drive economic growth and environmental conservation simultaneously.
(Source: Jiemian News)