【发展之道】 金融“国补”：从“输血”到“造血”的政策升级

Group 1 - The core viewpoint of the article emphasizes the innovative approach of the recent interest subsidy policy implemented by the four major banks in response to the State Council's directives, which aims to stimulate sustainable economic growth through a mechanism that leverages financial resources rather than direct fiscal injections [1][2][3] - The interest subsidy policy is designed to address two major economic pain points: consumer reluctance to spend due to rising fixed expenses and the financing challenges faced by small and micro enterprises in the service sector [2][3] - The policy creates a "leverage transmission" mechanism where fiscal funds lower loan interest rates, encouraging banks to actively channel credit into consumption and service industries, effectively acting as a "disguised salary increase" for consumers [1][2] Group 2 - The dual empowerment of consumers and service providers is reshaping the economic cycle, where improved supply quality through financial support leads to increased consumer spending, creating a positive feedback loop [2][3] - The role of banks is evolving as they respond quickly to the policy, benefiting from attracting quality clients and expanding credit scale while enhancing their inclusive finance brand image [2][3] - This financial "national subsidy" serves as a macro tool "stress test," balancing growth stabilization and risk prevention, and providing a reference for future economic cycle management [3]