AGRICULTURAL BANK OF CHINA(SH:601288) Nan Fang Du Shi Bao·2025-08-12 23:10Core Points - The Ministry of Finance and other departments issued the "Implementation Plan for Fiscal Subsidy Policy on Personal Consumption Loans" to reduce the cost of consumer credit and stimulate economic growth, effective from September 1, 2025, to August 31, 2026 [1][4] - The annual subsidy rate is set at 1%, with a maximum of 50% of the loan contract interest rate, and a total subsidy cap of 3,000 yuan per borrower at one lending institution [2][3] Summary by Sections Policy Details - The subsidy applies to personal consumption loans used for specific categories such as automobiles, elderly care, tourism, and electronics, with a focus on loans identifiable for consumption [2][5] - For loans under 50,000 yuan, the cumulative subsidy limit is 1,000 yuan, while for loans of 50,000 yuan and above, the subsidy cap is 5,000 yuan [2][3] Participating Financial Institutions - A total of 23 financial institutions are involved, including 6 major state-owned banks and 12 national joint-stock commercial banks, along with 5 other personal consumption loan providers [3] Market Response - Agricultural Bank of China announced its commitment to implement the policy and ensure that the benefits reach consumers effectively [4] - Analysts indicate that the policy aims to lower credit costs and stimulate consumer demand, particularly in targeted sectors like automotive and home appliances [7]