Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Administration have extended the implementation period of the personal consumption loan interest subsidy policy until the end of 2026, including credit card installment payments in the support scope [1] Group 1: Policy Implementation - The personal consumption loan interest subsidy policy will now be effective from September 1, 2025, to December 31, 2026, with credit card installment subsidies effective from January 1, 2026, to December 31, 2026 [1] - Agricultural Bank of China has announced that customers who have already processed credit card installments between January 1, 2026, and the policy announcement date can apply for subsidies [1] Group 2: Changes in Subsidy Standards - The policy removes the restriction on consumption transactions of 50,000 yuan and above, allowing these transactions to qualify for subsidies regardless of their category [2] - The annual subsidy rate is set at 1%, with a maximum subsidy of 3,000 yuan per borrower for all personal consumption loans and credit card installments combined [2] - The policy eliminates the previous limits on single transaction subsidies and the cumulative subsidy cap for loans below 50,000 yuan [2] Group 3: Application Process and Monitoring - Customers can apply for personal consumption loan subsidies through standard loan processes, and banks will calculate subsidies based on actual consumption [2] - If the system cannot identify the loan usage, customers can provide proof of consumption for manual review [3] - Banks are required to monitor loan usage and fund flow, with strict penalties for fraudulent activities or misuse of funds [3]

格隆汇1月21日｜A股市场银行股普跌，其中，农业银行、中信银行跌超3%，浦发银行、工商银行、兴 业银行、邮储银行、交通银行、中国银行跌超2%。 ...

Core Viewpoint - Shenzhen's "15th Five-Year Plan" aims to establish itself as a global "industrial financial center," raising expectations for local financial institutions, particularly banks, in their roles and responsibilities [22][23]. Group 1: Leadership Changes in Shenzhen Banks - Over the past year, at least eight commercial banks in Shenzhen have changed their leadership, including major state-owned banks and leading joint-stock banks [2]. - The appointment of Xiong Tao as the head of the Industrial and Commercial Bank of China (ICBC) Shenzhen branch reflects a strategic move to enhance the bank's focus on technology and innovation [2][4]. - Similarly, Ma Mingjun has been appointed as the head of the Bank of China Shenzhen branch, indicating a strengthened commitment to the Guangdong-Hong Kong-Macao Greater Bay Area [4][7]. Group 2: Key Appointments and Their Implications - Wang Xinghai, a veteran of China Merchants Bank, has taken over as the head of the Shenzhen branch, showcasing the bank's internal talent development strategy [9]. - Ping An Bank has also seen significant leadership changes, with Zhang Chaohui becoming the head of the Shenzhen branch, emphasizing the importance of this branch within the bank's overall strategy [11]. - New leaders at various banks, such as Shang Wencheng of China Everbright Bank and Yuan Rui of Shanghai Pudong Development Bank, are focusing on technology finance and innovative service models to meet the needs of Shenzhen's tech-driven economy [12][15]. Group 3: Strategic Focus on Technology Finance - The new leaders are expected to align their banks' strategies with Shenzhen's identity as a technology innovation hub, emphasizing the importance of "investment-loan linkage" services [12][23]. - The financial institutions are being urged to develop comprehensive service models that support the entire lifecycle of technology enterprises, particularly in critical sectors like semiconductors and advanced manufacturing [12][15]. - The shift towards a more integrated financial service approach reflects a broader trend in which banks are expected to act as "deep partners" and "comprehensive service providers" rather than just capital providers [23]. Group 4: Challenges and Future Directions - The banks in Shenzhen face challenges in transitioning from traditional financing to more complex service models, requiring enhanced risk management and understanding of emerging technologies [23]. - There is a growing need for collaboration with venture capital, insurance, and other financial institutions to meet the comprehensive needs of enterprises [23]. - The emphasis on long-term investment strategies and the establishment of a long-term assessment mechanism are critical for supporting sustainable growth in the technology sector [23].

农业银行发布的指引显示，信用卡用户可通过手机银行信用卡贴息专区、拨打信用卡客服热线主动签署 与查询信用卡贴息补充协议；也可在手机银行、客服等渠道办理账单分期时，按提示完成签署。 贴息支持范围扩大，信用卡账单分期业务也可以享受贴息了！ "信用卡账单分期财政贴息政策实施期为2026年1月1日至2026年12月31日，在2026年1月1日至政策发布 日之间已办理的信用卡账单分期可致电我行信用卡客服热线申请补贴息。"农业银行（601288）表示。 1月20日，财政部相关负责人在新闻发布会上表示，将信用卡账单分期业务纳入了贴息支持范围。截至 目前，多家银行已经响应该政策，明确贴息举措。此外，去年9月份开始实施的个人消费贷款财政贴息 政策实施期限将延长至2026年底，每名借款人可享受消费贷款和信用卡贴息的上限为3000元。 信用卡账单分期业务可贴息 实施期覆盖2026年全年 多家银行表示，信用卡账单分期业务财政贴息政策实施期为2026年全年。 农业银行表示，新办理的信用卡账单分期业务且于政策实施期内生成的各期账单，经该行识别其真实 性、合规性后，可按规定享受贴息。 "信用卡账单分期年贴息比例是1个百分点，而且最高不超过办 ...

2026年1月20日，财政部、中国人民银行、金融监管总局联合发布《关于优化实施个人消费贷款财政贴 息政策有关事项的通知》（财金〔2026〕1号），明确延长政策实施期限、扩大贴息范围、调整贴息标 准。 《通知》发布后，部分国有行和股份行迅速响应，包括中国银行、中国农业银行、中国邮政储蓄银行、 交通银行四家国有银行，及招商银行这一代表性股份行密集发布落实细则与客户问答，从核心规则到操 作流程全方位为消费者提供指引，助力政策红利快速落地。 期限、范围、标准三大调整全覆盖 政策红利精准释放 此次新政的三大核心变化，在国有行与股份行的细则中均得到全面体现。实施期限方面，调整后个人消 费贷款贴息政策统一覆盖2025年9月1日至2026年12月31日；其中新增的信用卡账单分期贴息专项实施期 为2026年1月1日至2026年12月31日。国有行中，中国农业银行特别说明，2026年1月1日至政策发布日期 间已办理的信用卡账单分期，可致电客服热线申请补享贴息。 新旧政策衔接方面，国有行与股份行均遵循"无需重复操作"原则。国有行中的中国银行、交通银行、邮 储银行明确，前期已申请贴息的贷款或已签署协议的客户，2026年1月1日后消费 ...

在新规正式发布后的第二天，建行安徽省分行采用"直接投资+基金投资"相结合的模式，成功为池州市 某国有投资平台投放1亿元并购贷款，专项支持其参股苏州某半导体领域企业。 《商业银行并购贷款管理办法》（以下简称"新规"）落地近一个月，多家银行纷纷落地"首单""首批"并 购贷款业务。 《金融时报》记者注意到，紧跟新规导向，工商银行（601398）、农业银行（601288）、中国银行 （601988）、建设银行（601939）等国有大行率先完成了新规发布后的首笔并购贷款。 "在新规印发后，工商银行第一时间推进落实，在山东、福建、安徽等地高效落地全国首单、首批符合 新规导向的并购贷款业务，涵盖参股型与控制型等业务模式。"工商银行表示。 1月5日，工商银行福建省分行为某企业发放并购贷款2.99亿元，专项用于支持该企业收购某产业园核心 资产。据悉，这是新规正式实施后，全国银行业落地的首笔 控制型 并购贷款。 作为服务"三农"的主力军，1月9日，中国农业银行南京分行针对江苏省内某大型粮食集团完善产业链、 提升运营效能的诉求，为企业量身定制并购贷款方案，助力企业提升粮食全链条运营及应急保供能力。 值得一提的是，各家银行在参股型并 ...

中国银行将遵循市场化、法治化原则，针对2026年1月1日至2026年12月31日期间成功办理且符合政策规 定的信用卡消费分期、信用卡账单分期、信用卡自由分期（上述三项合并统称为"指定信用卡分期"）开 展财政贴息工作。后续相关办理流程、操作步骤等详细规则，将通过中国银行官方网站等渠道发布，敬 请关注。 2026年1月20日，中国银行（601988）发布公告称，为深入贯彻落实中央经济工作会议精神，持续降低 居民个人消费信贷成本，充分激发消费潜力，中国银行将全力落实并严格执行《关于印发<个人消费贷 款财政贴息政策实施方案>的通知》（财金〔2025〕80号）、《关于优化实施个人消费贷款财政贴息政 策有关事项的通知》（财金〔2026〕1号），切实推动财政贴息政策红利触达广大消费者，以金融赋能 消费市场活力释放。 ...

Group 1 - The Ministry of Finance and other departments have released five policy documents aimed at optimizing financial support for personal consumption loans, equipment updates, private investment guarantees, service industry loans, and small and micro enterprise loans [1][9][29] - The personal consumption loan subsidy policy has been extended until December 31, 2026, with adjustments to the subsidy standards and an expanded range of supported financial institutions [4][5][6] - The equipment update loan subsidy policy includes a 1.5% subsidy on fixed asset loans for equipment updates, applicable for up to two years, and has been expanded to include various sectors such as construction, aviation, and digital technology [10][11][12] Group 2 - The private investment guarantee plan has a total quota of 500 billion yuan, to be implemented over two years, focusing on supporting small and micro enterprises in various sectors including technology upgrades and service industry enhancements [17][18] - The plan includes a risk-sharing mechanism where banks will bear at least 20% of the loan risk, while the government guarantee fund will cover up to 80% [19] - The government will also reduce guarantee fees and increase the compensation limit for the guarantee fund to enhance support for private investments [20] Group 3 - The service industry loan subsidy policy has been extended to December 31, 2026, with an increased subsidy cap of 10 million yuan per loan and a 1% annual subsidy rate [23][24] - The policy now includes additional sectors such as digital, green, and retail industries, expanding the scope of financial support [24][25] - The implementation of these policies will involve streamlined processes for fund allocation and enhanced collaboration among financial institutions and regulatory bodies [26][28]

Core Viewpoint - The newly revised consumer loan interest subsidy policy is expected to stimulate domestic consumption recovery by encouraging banks to increase consumer loan issuance [1][7]. Group 1: Policy Implementation - Major state-owned banks and joint-stock banks, including Agricultural Bank of China, Bank of China, and Postal Savings Bank, have promptly responded to the new consumer loan interest subsidy policy [1][7]. - Postal Savings Bank announced that from September 1, 2025, to December 31, 2026, personal consumption loans used for actual consumption will be eligible for interest subsidies, with credit card bill installments also included in the subsidy scope [2][8]. - The policy removes the previous restriction on single transactions of 50,000 yuan or more for eligible consumption transactions [2][8]. Group 2: Operational Procedures - China Merchants Bank outlined that customers must follow specific procedures to apply for the consumer loan interest subsidy, including signing a supplementary agreement during or after the loan issuance [3][9]. - The bank will calculate the subsidy amount based on the agreed-upon subsidy ratio and cap, directly deducting the subsidy from the interest charged to customers [3][9]. Group 3: Inclusion of More Financial Institutions - The latest policy expansion includes city commercial banks, foreign banks, and consumer finance institutions, which were previously excluded from the interest subsidy program [4][10]. - This expansion aims to enhance fairness and inclusivity in the financial system, encouraging local banks to actively participate in consumer loan issuance [4][10]. - Industry insiders expressed optimism about the inclusion of more consumer finance companies, indicating readiness to implement the policy effectively [5][11].

Group 1 - The conference "Jinrong Huiju, Quality Creates the Future" aims to explore systematic paths for financial empowerment of technological innovation and industrial upgrading, focusing on the development of new quality productivity in the context of the 14th Five-Year Plan [1][2] - The event will feature discussions on how to align financial services with modern technological innovation, with insights from international and domestic experts on investment logic and the role of capital in next-generation technological innovation [1][2] - A roundtable dialogue will focus on building a virtuous cycle among technology, industry, and finance, addressing barriers to the efficient integration of capital, technology, and talent [1][2] Group 2 - The conference will include specialized discussions aimed at addressing the differentiated needs of growth-oriented enterprises and listed companies, particularly focusing on the "pilot" pain points faced by technology-based SMEs in the transformation of achievements [2] - A special financial service plan will be launched on-site by the Bank of China Sichuan Branch to support technology-based SMEs [2] - The event will mark the initiation of the "Financial Ecological Alliance" and "Industrial Fund Cooperation Ecosystem Partners," signifying a substantial step towards building a comprehensive financial service ecosystem [2] Group 3 - The Bank of China Sichuan Branch integrates its development with national strategies, leveraging its global advantages to support the cultivation of new quality productivity, particularly in six key industries and six technological specialties [3] - Over the past five years, the bank has supported the development of strategic emerging industries, achieving a loan balance of over 93 billion yuan for strategic emerging industries, with an annual growth rate of nearly 50% [3] - The bank has provided services to over 4,100 enterprises, with an annual growth rate exceeding 42%, and has a technology finance loan balance of nearly 70 billion yuan, growing at over 33% annually [3] Group 4 - Penghua Fund, a long-established fund company, emphasizes a long-term approach and integrates investment research to support the development of the real economy and wealth growth [4] - The fund has developed a complete ecosystem of science and technology ETFs, launching 12 products with a total scale of nearly 40 billion yuan, covering various strategies and themes [4] - This product matrix allows investors to flexibly allocate assets across a range of technology leaders and emerging stars, facilitating investment in China's technological future [4] Group 5 - The Bank of China Sichuan Branch and Penghua Fund will continue to enhance financial service systems, innovate financial products, and strengthen collaboration mechanisms to better support innovation and drive high-quality economic development [5]