三部门：优化实施个人消费贷款财政贴息政策

Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Administration jointly issued a notice to optimize the implementation of the personal consumption loan interest subsidy policy, aiming to boost consumption and expand domestic demand by reducing the cost of personal consumption credit and enhancing consumer willingness. Group 1: Policy Support and Innovation - The policy supports innovation in consumer finance, encouraging financial institutions to develop new consumer credit products and enhance collaboration with offline and online platforms to create more financial support scenarios for consumption [1] - The policy aims to increase the coverage and activity of consumer spending in various sectors, including goods, cultural tourism, dining, events, health care, and childcare [1] Group 2: Policy Duration and Scope - The implementation period for the personal consumption loan interest subsidy policy has been extended to the end of 2026, with the new period set from September 1, 2025, to December 31, 2026 [2] - Credit card installment payments have been included in the support scope, with an annual interest subsidy rate of 1% [3] Group 3: Subsidy Standards and Coverage - The previous limits on the maximum subsidy amount per transaction and the cumulative subsidy for individual borrowers have been removed, while maintaining an annual cap of 3,000 yuan for each borrower at a single financial institution [3] - The policy expands the range of financial institutions eligible to provide subsidies, including city commercial banks, rural cooperative financial institutions, foreign banks, consumer finance companies, and auto finance companies [3] Group 4: Financial Management and Oversight - The subsidy funds will be allocated using a "pre-allocation + settlement" method, with provincial financial departments required to verify and report subsidy fund needs by January 31, 2026 [4] - The Ministry of Finance will conduct joint inspections to ensure compliance with the subsidy policy and hold institutions accountable for any violations [4][5] Group 5: Reporting and Execution - Financial institutions must enhance their internal systems to improve the identification of consumer information and monitor the use of loans [6] - Institutions are required to report on the execution of the subsidy policy, including loan issuance and subsidy amounts, within specified timeframes [6]