Zheng Quan Shi Bao Wang·2025-08-14 00:01Core Viewpoint - The implementation of the personal consumption loan interest subsidy policy by the Ministry of Finance, the central bank, and the financial regulatory authority is expected to enhance credit supply and support banks' interest margins [1] Group 1: Policy Implementation - On August 12, the Ministry of Finance, the central bank, and the financial regulatory authority issued the "Implementation Plan for Personal Consumption Loan Interest Subsidy Policy" with an annual subsidy rate of 1% [1] - The central and provincial finances will bear 90% and 10% of the subsidy funds, respectively, which will help replace unilateral bank concessions and protect interest margins [1] Group 2: Banking Sector Response - Major banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and Bank of Communications have actively responded to the personal consumption loan interest subsidy policy and the service industry loan subsidy policy since August [1] - The positive expectations surrounding the policy are seen as an opportunity to capture structural advantages within the banking sector [1]