"落实落细适度宽松的货币政策，加力支持科技创新、提振消费、小微企业、稳定外贸等，扎实做 好下半年各项重点工作，推动经济高质量发展。"近日，中国人民银行召开2025年下半年工作会议，对 下半年工作作出部署。 其中，加力支持科技创新被放在重要位置，更体现出在当前的经济发展阶段，强化资源要素保障， 点燃科技创新发展"引擎"的重要意义。 政策支持力度不断加大 5月，债券市场"科技板"正式推出，进一步提升科创领域融资支持的能力、强度和水平。同月，中 国人民银行优化科技创新和技术改造再贷款政策，将再贷款额度由此前的5000亿元增加至8000亿元，加 大对科技企业的再贷款支持力度，有力降低科技企业融资成本。 5月14日，中国人民银行会同科技部等六部门印发《加快构建科技金融体制 有力支撑高水平科技自 立自强的若干政策举措》，提出要加快建设具有中国特色的科技金融体系，形成多元化、多层次、多渠 道的科技投入格局，为国家重大科技任务和科技型中小企业提供有力的金融支持。 "系列措施为我国科技金融发展创造了良好的政策环境。"中国银行研究院研究员刘佩忠表示。 金融机构积极推动政策落地。商业银行抓好政策机遇，创新产品、服务，用好再贷款支持 ...

Group 1 - Consumption is emphasized as a key driver for economic growth, with the People's Bank of China (PBOC) calling for stronger support to boost consumption in the second half of 2025 [1] - A series of policies aimed at promoting consumption and expanding domestic demand have been introduced, including a 500 billion yuan service consumption and pension relending program [1][4] - Experts believe that expanding domestic demand is crucial for maintaining stable economic growth in the coming months, with a clear policy direction favoring consumer spending [1] Group 2 - The government has allocated 300 billion yuan in special long-term bonds to support the "trade-in" program for consumer goods, which has positively impacted sales in key sectors like home appliances and communication devices [2] - The "trade-in" policy has led to improved profitability for related industries, while also stabilizing employment [2] - Banks are responding to the "trade-in" initiative by offering dedicated services to facilitate consumer participation and streamline the process [2][3] Group 3 - The PBOC's relending policy aims to enhance service consumption and improve the quality of services, which is expected to directly benefit the public and create more job opportunities [4][5] - Financial institutions are actively working to implement the service consumption and pension relending policies to support economic growth [4] Group 4 - The introduction of personal consumption loan interest subsidy policies is seen as an innovative approach to stimulate consumption by reducing financing costs for consumers and service industry operators [6] - Financial institutions are encouraged to tailor their offerings based on specific consumption scenarios to effectively meet the needs of consumers and businesses [7]

8月12日，《个人消费贷款财政贴息政策实施方案》和《服务业经营主体贷款贴息政策实施方案》 同时公布，两项政策明确将对个人消费贷款、服务业经营主体贷款实行1个百分点的年贴息比例。值得 关注的是，这是中央财政首次对个人消费贷款进行贴息。 《金融时报》记者注意到，个人消费贷款贴息政策发布以来，各家银行都在紧锣密鼓细化贴息方 案，确保政策快速落地。对于消费者关心的贴息范围、办理流程等问题，也有部分银行率先披露了业务 细则，并作出了详细解答。 有银行率先公布贴息实施细则 值得关注的是，8月13日，农业银行率先发文，对个人消费贷款贴息政策客户关注的问题进行了详 细解答。 对于贴息标准，农业银行表示，本次个人消费贷款贴息利率为年化1%，且最高不超过贷款合同利 率的50%。同时，在政策执行期内，每名借款人在一家贷款经办机构可享受的全部个人消费贷款累计贴 息上限为3000元（对应符合条件的累计消费金额30万元），其中在一家贷款经办机构可享受单笔5万元 以下的个人消费贷款累计贴息上限为1000元（对应符合条件的累计消费金额10万元）。 "年贴息1个百分点属于温和适中的政策力度，既体现了财政政策的积极性，又保持了政策的可持续 性。 ...

当运动员们在世界运动会赛场上奋力拼搏时，场外一支身着统一制服的保险服务团队，正以专业素 养与温情服务编织起一张坚实的保障网。作为本届世运会（保险类）官方合作伙伴，中国人保在为赛事 组织者、运动员、工作人员、参赛观众提供公众责任险、组织者责任险、团体意外险等保险保障的同 时，始终秉持专业、主动的服务理念，将保险服务的温度传递给参加世运会的国外与会人员，用实际行 动提供切实的保障。 移动柜台解急难：烈日下的贴心服务 8月7日傍晚，一位希腊运动员来到保险服务柜台，面露难色。原来他想为自己投保一份意外险，但 因未携带人民币且银行已停止营业，只能返回宿舍取银行卡。人保服务专员见状当即提议："天气炎 热，我们可以上门服务，您先回宿舍休息，我们马上过去。"征得同意后，人保服务专员迅速返回服务 中心取来移动终端，即刻赶往运动员公寓。 一个小时后，在凉爽的公寓大堂内，希腊运动员在服务专员的细致指导下，通过移动终端快速完成 了投保手续。"Excellent！（太棒了！）"希腊运动员感叹道。这份便捷、贴心又充满人情味的移动柜台 服务，让远道而来的运动员深受感动。 观赛席间的守护：观众意外摔伤获暖心救助 8月10日16时许，成都桂溪 ...

彭博社记者提问，美国财长贝森特在接受媒体采访时表示，美国对当前与中国的关税安排感到满意。这 被视为一个信号，表明在中美暂停实施关税的期限到来之前，也就是今年11月之前，特朗普政府在寻求 与中国保持冷静。中方对此有何评论？ 8月20日，外交部发言人毛宁主持例行记者会。 "具体问题建议向中方的主管部门了解。"毛宁说，希望美方能够同中方一道，按照两国元首通话达成的 重要共识，发挥好中美经贸磋商机制的作用，在平等、尊重、互惠的基础上争取积极成果。 ...

Core Viewpoint - The concept of "Lucid waters and lush mountains are invaluable assets" has significantly influenced China's approach to green finance, which is now a crucial engine for high-quality development [1] Group 1: Green Finance Growth - As of the end of Q2 2025, the balance of green loans in both domestic and foreign currencies reached 42.39 trillion yuan, reflecting a 14.4% increase since the beginning of the year, with an addition of 5.35 trillion yuan in the first half of the year [1] - The green trust sector has shown steady growth, with 321 new green trust projects added in 2023, marking a 10.31% year-on-year increase, and a new scale of 173.79 billion yuan [2] Group 2: Green Trust Development - The green trust product system has expanded to include various financial instruments such as green credit, green asset securitization, green equity investment, green bonds, and green funds, catering to diverse financing needs in the green industry [2] - By the end of 2023, the scale of green credit reached 60.72 billion yuan, accounting for 36.09% of the total, while green equity investment stood at 9.13 billion yuan, making up 5.43% [2] Group 3: Practical Innovations in Green Trust - Trust companies are leveraging their expertise to support green transitions, with projects like the Shandong Trust's financing plan for clean energy heating in Liaocheng, which raised 43.6 million yuan to alleviate funding pressures [3] - The green trust sector is also involved in low-carbon development initiatives, such as the "Solar Energy Series Trust" launched by Foreign Trade Trust, which has mobilized 4.6 billion yuan for rural rooftop solar projects [4][5] Group 4: Future Prospects of Green Trust - The demand for low-carbon transition in China is high, with the green finance sector remaining robust, as indicated by the global leadership in green credit and significant market sizes in green bonds and insurance [6] - The financial regulatory environment is being optimized to support green trust development, with initiatives like the "Implementation Plan for High-Quality Development of Green Finance" released in February 2023 [7] - Trust companies are integrating green development into their strategic planning, enhancing their professional capabilities in green finance, and establishing specialized teams to improve project assessment and risk management [7]

近一段时间，消费金融行业新动向不断。 从政策层面来看，《个人消费贷款财政贴息政策实施方案》（以下简称《实施方案》）的发布备受 市场瞩目。其中，有4家持牌的消费金融公司纳入个人消费贷贴息经办机构，分别是重庆蚂蚁消费金融 有限公司、招联消费金融股份有限公司、兴业消费金融股份公司以及中银消费金融有限公司（以下简 称"中银消金"）。 "将4家头部消费金融公司纳入首批贴息经办金融机构名单，是《实施方案》的一大亮点，将更好地 发挥消费金融公司扁平灵活、触达深入等专业优势。"招联首席研究员、上海金融与发展实验室副主任 董希淼说。 一系列动作的背后，是这家老牌消费金融机构在行业变局中的主动调整，也是行业发展分化的一个 缩影。 作为"老四家"持牌消费金融公司，中银消金、北银消金、捷信消金和锦程消金历经15年行业迭代与 市场洗牌，走上了不同的发展轨迹。 首家外商独资的消费金融公司捷信消金如今已改头换面，由京东控股并于今年5月正式更名为京东 消金。中银消金通过股权调整进一步巩固大股东主导地位，借助股东资源整合优势拓宽"线上+线下"服 务边界。北银消金曾一度受困于战略、风控与资本等方面的短板，转型承压、规模收缩，但经过一系列 业务剥 ...

Core Insights - The recycling of used batteries is emerging as a significant business opportunity, particularly in the context of the rapid growth of the electric vehicle (EV) industry in China, which has seen explosive increases in production and sales since 2015 [1][2] - The volume of retired power batteries in China is projected to reach 820,000 tons by 2025 and exceed 4 million tons by 2028, indicating a substantial market for battery recycling [1] - Retired batteries still retain 70% to 80% of their capacity and can be repurposed for various applications, while valuable metals can be extracted for recycling [1] Industry Overview - As of August 18, there are approximately 188,300 battery recycling-related companies in China, with a significant concentration in the East China region, accounting for 31.71% [2] - The registration of battery recycling companies has been on the rise, with 27,700 new registrations in the current year, reflecting a year-on-year growth of 7.51% [2] - Experts view the battery recycling sector as an underexplored blue ocean market, with the potential for significant growth as the EV market matures [2] Financial Landscape - Financial institutions are beginning to recognize the potential of the battery recycling industry, although challenges remain in securing loans due to the lack of standardized policies and the presence of many small, unproven enterprises [3][4] - Guangzhou Bank has introduced a specialized product called "solid waste loan" to address financing challenges in the battery recycling sector, which includes a three-tier collateral system to mitigate risks [3][4] - Other banks, such as China Construction Bank, are also providing loans to support projects in the battery manufacturing and recycling space, indicating a growing interest in financing this sector [4] Market Trends - The trend towards green finance is becoming a competitive advantage for small and medium-sized banks as they face increased pressure from larger banks [5] - The focus on green finance aligns with the broader industry shift towards sustainable practices, which is expected to drive further innovation and investment in the battery recycling market [5]

金融监管总局将认真研究各方反馈意见，进一步修改完善《办法》并适时发布实施，推动并购贷款 业务健康发展，助力产业转型升级，增强经济增长动能。 本报讯 记者徐贝贝报道 为深入贯彻落实中央金融工作会议精神，推动商业银行优化并购贷款服 务，助力现代化产业体系建设和新质生产力发展，金融监管总局对《商业银行并购贷款风险管理指引》 （以下简称《指引》）进行修订，形成《商业银行并购贷款管理办法（征求意见稿）》（以下简称《办 法》），现向社会公开征求意见。 《指引》自发布以来，为商业银行开展并购贷款业务，支持产业转型升级提供了重要的制度保障和 政策支持。我国经济正处于新旧动能转换的关键时期，进一步活跃并购市场有利于优化资源配置，助力 传统产业改造升级，加快塑造经济发展新动能、新优势。 立足新形势下并购市场发展需求，金融监管总局对《指引》进行了全面修订并形成《办法》。《办 法》共33条，修订重点包括：一是拓宽并购贷款适用范围。在《指引》适用的控制型并购交易基础上， 进一步允许并购贷款支持满足一定条件的参股型并购交易。二是设置差异化的展业资质要求。对开展控 制型和参股型并购贷款业务的商业银行，在要求监管评级良好、主要审慎监管指标达 ...

Core Viewpoint - The People's Bank of China emphasizes the continuous enhancement of financial support for technological innovation, aiming to build a comprehensive and multi-layered technology finance system that aligns with technological innovation [1] Group 1: Credit Support - The financial system in China primarily relies on indirect financing, with significant contributions from credit resources to support technology [2] - In 2024, the People's Bank of China established a 500 billion yuan re-lending facility for technological innovation and technology transformation, increasing the quota by an additional 300 billion yuan in May [2] - As of June 2023, the cumulative signed amount of loans for technological innovation and technology transformation exceeded 22 trillion yuan, with over 850 billion yuan disbursed [2] - The balance of technology loans reached 44.1 trillion yuan by June 2023, reflecting a year-on-year growth of 12.5%, which is 5.8 percentage points higher than the overall loan growth rate [2] Group 2: Loan Pricing and Accessibility - The average interest rate for newly issued technology loans was 2.90% in June 2023, lower than the overall corporate loan rate by 0.36 percentage points [3] - The average loan approval rate for technology enterprises was 51.9% as of June 2023, with rates for national technology innovation demonstration enterprises and "little giant" enterprises exceeding 80% [3] Group 3: Financing Channels - The bond market has been enhanced as a primary channel for direct financing, with the introduction of the "Technology Board" for issuing technology innovation bonds [4] - By June 2023, 288 entities had issued approximately 600 billion yuan in technology innovation bonds, with a diverse range of technology enterprises participating [4] - A total of 27 equity investment institutions issued bonds worth 15.35 billion yuan, with interest rates ranging from 1.85% to 2.69% [5] Group 4: Future Work Arrangements - The People's Bank of China plans to deepen structural reforms in financial supply, enhance support for technology finance, and improve the financial ecosystem for technological innovation [6]