Bank Of Jiangsu(600919) 中国经济网·2024-12-20 08:31Core Viewpoint - The Jiangsu Provincial Housing and Urban-Rural Development Department and two other agencies have introduced a subsidy policy for home renovation, specifically for kitchen and bathroom upgrades, providing consumers with a 15% subsidy on the purchase price of materials, capped at 30,000 yuan per household [1][2]. Group 1: Policy Details - The subsidy is applicable to consumers purchasing items and materials for home renovations, with a maximum subsidy of 30,000 yuan per person and per household [1][2]. - The policy aims to alleviate financial pressure on consumers, improve living conditions, and stimulate the home improvement industry, contributing to economic growth [3][10]. Group 2: Financial Services - Jiangsu Bank is leveraging technology to enhance consumer services, offering a streamlined online application process for the subsidy through its "Sui e Rong" mini-program [5][7]. - The bank's renovation installment products cover various home improvement scenarios, with a low single-period interest rate starting at 0.25% (equivalent to an annualized rate of 5.49%) and a maximum term of five years [3][10]. Group 3: Expansion and Accessibility - Jiangsu Bank has launched the subsidy application feature in Wuxi and is expanding to other cities, including Taizhou and Huai'an, with plans for further rollout in Suqian, Xuzhou, Nantong, and Lianyungang [8][10]. - The application process is designed to be user-friendly, allowing consumers to complete their applications online and track their status through the mini-program [5][7].