Cai Jing Wang·2025-08-13 11:07Core Viewpoint - The announcement by the Bank of China emphasizes the implementation of interest subsidies for service industry loans to reduce financing costs and stimulate consumer market vitality [1] Group 1: Policy Implementation - The Bank of China will strictly execute the "Implementation Plan for Interest Subsidies on Loans to Service Industry Entities" as per the directives from the central government [1] - The bank aims to ensure that the benefits of the policy reach a wide range of service industry entities, contributing to the activation of the consumer market [1] Group 2: Targeted Sectors - The interest subsidy program will focus on eight specific sectors within the service industry, including catering, accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1] Group 3: Operational Efficiency - The Bank of China plans to optimize the application process, simplify procedures, and enhance service quality to expedite the implementation of the policy [1] Group 4: Consumer Protection - The bank warns that it will not delegate the processing of interest subsidy applications to any third parties and will not charge any service fees, urging consumers to be cautious of fraud and protect their personal information and assets [1]