Zheng Quan Shi Bao·2025-08-03 04:01Core Viewpoint - The Chinese government has implemented personal consumption loan interest subsidy policies and service industry loan interest subsidy policies to lower credit costs and stimulate consumption potential, enhancing market vitality [1][3]. Group 1: Policy Implementation - The State Council's executive meeting on July 31 announced the implementation of interest subsidy policies for personal consumption loans and service industry loans [1][3]. - Industrial and Commercial Bank of China (ICBC) is actively promoting the implementation of these policies, emphasizing market-oriented and legal principles while simplifying procedures [1][2]. - Construction Bank has initiated a consumption finance special action to support consumer spending and enhance financial supply, focusing on key consumption areas such as automotive and home appliances [2][3]. Group 2: Expected Outcomes - The interest subsidy policies are expected to significantly reduce financing costs, thereby stimulating consumer demand and enhancing the overall market activity [3][4]. - The policies aim to facilitate easier access to national policy benefits for market participants, ultimately contributing to economic growth and the circulation of the national economy [3][4]. - The government aims to leverage fiscal and financial collaboration to maximize the effectiveness of the subsidy policies, ensuring that funds are utilized efficiently [3].