Jin Rong Shi Bao·2025-08-13 08:35Group 1 - The Ministry of Finance, along with the People's Bank of China and the Financial Regulatory Administration, issued the "Implementation Plan for Personal Consumption Loan Interest Subsidy Policy," marking the first time central finance has subsidized personal consumption loans [1] - The subsidy targets loans used for consumption, including daily expenses under 50,000 yuan and larger purchases in key areas such as automobiles, education, and healthcare, with a subsidy rate of 1% for a duration of one year [1] - The plan supports both goods and service consumption, aligning with the diversified consumption trends of Chinese residents [1] Group 2 - Major banks, including Agricultural Bank of China, have quickly responded to the implementation plan, announcing their commitment to the personal consumption loan subsidy work [2] - Banks are ensuring that no fees will be charged for the personal consumption loan subsidy process, advising customers to be cautious of potential scams [2] - The interest subsidy is expected to reduce the financial burden on residents and businesses, while also helping banks optimize their asset structures and expand consumer credit business under manageable risk [2]