政策鼓励消金公司拓展融资渠道，年内发债募资141亿

Core Viewpoint - The consumer finance companies are diversifying their financing channels, which helps reduce financing costs and optimize capital structure due to supportive policies from financial regulators [1][3]. Group 1: Financing Activities - As of 2025, seven consumer finance companies have issued a total of 12 financial bonds, raising a total of 14.1 billion yuan [1]. - Among these, Mashang Consumer Finance has issued three financial bonds, while Zhongyin, Ningyin, and Hangyin Consumer Finance each issued two, indicating active participation in bond issuance [1]. Group 2: Bond Issuance Details - The average issuance rate for financial bonds in the consumer finance industry has dropped below 2.5% in 2024, providing a significant cost advantage compared to other financing methods [2]. - Specific bond issuance details include: - Mashang Consumer Finance issued bonds with rates ranging from 1.78% to 2.05% [2]. - Zhongyin Consumer Finance's bonds have rates of 1.70% and 1.91% [2]. - Ningyin Consumer Finance's bonds are rated at 1.65% and 1.79% [2]. - Hangyin Consumer Finance's bonds are rated at 1.80% and 1.69% [2]. - Haier Consumer Finance issued bonds at a rate of 2.20% [2]. Group 3: Policy Support - Recent policies from financial regulatory bodies have aimed to broaden financing channels for consumer finance companies, enhancing their ability to support consumption [3]. - The implementation of a post-reporting system for non-bank financial institutions' bond issuance simplifies the process, facilitating easier access to capital [3]. - The guidance issued in June 2025 emphasizes increasing support for bond market financing, allowing qualified consumer finance companies to issue financial bonds [3].