“双贴息”政策落地利好零售业发展

Group 1 - The core of the new policies is to stimulate consumption and activate the market through fiscal and financial collaboration, indicating the government's strong emphasis on the consumption sector [1][2] - The "Personal Consumption Loan Interest Subsidy Policy" allows consumers to enjoy interest subsidies on personal consumption loans used for specific categories, including electronics and home appliances, from September 1, 2025, to August 31, 2026 [1] - The "Service Industry Operating Entity Loan Interest Subsidy Policy" specifies that loans must be issued to service industry entities in eight sectors, including dining, health, and tourism, with contracts signed between March 16, 2025, and December 31, 2025 [2] Group 2 - The policies are expected to directly benefit the retail sector by encouraging consumers to take loans for large purchases, thus driving retail consumption growth [2][3] - Lower consumer credit costs will likely increase average transaction values in supermarkets and appliance stores, while reduced financing costs for retail businesses will enable them to expand online delivery services [3] - Retail companies are encouraged to leverage policy benefits by collaborating with financial institutions to create linked products, enhancing service quality and operational efficiency [4]