Zheng Quan Ri Bao Zhi Sheng·2025-08-13 04:33Core Points - The Ministry of Finance, People's Bank of China, and National Financial Regulatory Administration issued the "Implementation Plan for Fiscal Subsidy Policy on Personal Consumption Loans" [1] - The policy will be effective from September 1, 2025, to August 31, 2026, allowing residents to enjoy interest subsidies on personal consumption loans used for specific categories of consumption [1] - The subsidy covers loans under 50,000 yuan for general consumption and loans of 50,000 yuan or more for key areas such as automobiles, education, and healthcare [1] Group 1: Implementation Details - The policy aims to stimulate consumption and reduce the cost of consumer credit for residents [2][3] - Agricultural Bank, Bank of China, China Construction Bank, Zhejiang Commercial Bank, and Guangfa Bank have announced their commitment to implement the subsidy policy starting September 1, 2025 [1][2][6] - Each bank will follow market-oriented and legal principles in executing the subsidy program [2][3][6] Group 2: Communication and Consumer Guidance - Banks will provide further details on the implementation process, including channels and operational guidelines, through their official websites and social media [10] - All participating banks have confirmed that they will not charge any fees for processing the personal consumption loan subsidy [10]