Jin Rong Shi Bao·2025-12-23 03:08Group 1 - The central economic work conference emphasizes the importance of domestic demand and plans to implement actions to boost consumption and increase residents' income [1][2] - Financial institutions are innovating consumer credit products to meet the diverse needs of residents, with expectations for consumption growth driven by policy effectiveness and the release of service consumption potential by 2026 [1][2] - A coordinated effort involving top-level design and collaboration between local governments and financial institutions is underway to stimulate consumption through various policy measures [2][3] Group 2 - Major banks are aligning with government initiatives to support consumption, enhancing their product and service offerings to meet diverse financial needs [3][4] - Banks are actively participating in promotional activities to invigorate the consumption market, with significant loan disbursements and promotional campaigns reported [4][5] - Financial institutions are encouraged to innovate in financial services targeting service consumption, which is currently a weak area in China's consumption landscape [7][8] Group 3 - The demand for service consumption is rapidly increasing, driven by rising income levels and changing consumer preferences, with a notable shift from goods to services [7] - Financial institutions are advised to leverage digital finance to enhance online consumer finance accessibility and improve customer satisfaction [8]