Cai Jing Wang·2025-08-13 06:36Core Viewpoint - China CITIC Bank (601998) is launching a personal consumption loan interest subsidy program to stimulate consumer spending and support economic recovery as per the directives from the central government [1] Group 1: Announcement Details - The bank's initiative aligns with the central government's strategy to boost consumption and expand domestic demand [1] - The implementation will follow the guidelines set forth in the "Personal Consumption Loan Interest Subsidy Policy Implementation Plan" (Cai Jin [2025] No. 80) [1] - CITIC Bank will develop specific implementation rules and operational guidelines to facilitate the subsidy process for eligible consumer loans [1] Group 2: Customer Assurance - The bank assures that no fees will be charged for processing personal consumption loan interest subsidies [1] - To protect customers from potential fraud, the bank advises against trusting communications from individuals outside its official channels regarding the subsidy program [1]