央行将设立5000亿元服务消费与养老再贷款

Core Viewpoint - The People's Bank of China announced a new financial policy package aimed at stabilizing the market and expectations, including a significant allocation of funds to support consumption and pension services [1]. Group 1: Financial Policy Announcement - The People's Bank of China will establish a 500 billion yuan (approximately 70 billion USD) re-lending facility specifically for consumption and pension services [1]. - The policy aims to increase low-cost funding support in key consumption areas, indicating a proactive approach to stimulate economic activity [1].