Di Yi Cai Jing·2025-08-13 05:17Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Bureau have issued a policy for personal consumption loan interest subsidies, effective from September 1, 2025, to August 31, 2026, aimed at stimulating consumer spending and reducing credit costs for residents [1][9]. Group 1: Policy Details - The interest subsidy applies to personal consumption loans (excluding credit card transactions) that are used for consumption and can be identified by the lending institution [1]. - The subsidy covers single transactions below 50,000 yuan and those above 50,000 yuan in key areas such as home appliances, automobiles, education, and healthcare, with a cap of 50,000 yuan for the subsidy on larger transactions [1]. - The policy may be extended or expanded based on its effectiveness after the initial period [1]. Group 2: Bank Responses - Major state-owned banks, including Agricultural Bank of China, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Bank of Communications, and Postal Savings Bank, have announced their commitment to implement the subsidy policy without charging any service fees [2][12][15][18]. - Banks have warned customers to be cautious of scams and have stated that they will not delegate the processing of these loans to any third parties [2][12][15][18]. - Implementation details and processes will be communicated through official channels such as mobile banking apps, official websites, and social media [2][12][15][18].