个人消费贷“国补”加码！信用卡账单分期纳入贴息范围

Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration have announced an optimization of the personal consumption loan interest subsidy policy, extending its implementation period and expanding its scope to enhance consumer spending and improve living standards [1][3]. Group 1: Policy Adjustments - The implementation period for the personal consumption loan interest subsidy policy has been extended to December 31, 2026, with the new effective period from September 1, 2025, to December 31, 2026 [3]. - The scope of the subsidy has been expanded to include credit card installment payments, with an annual subsidy rate of 1% [3][4]. - The policy has removed previous restrictions on consumption areas, allowing consumers to enjoy subsidies for various types of spending as long as they meet the criteria [3][4]. Group 2: Financial Institutions and Support - The range of financial institutions eligible to provide subsidies has been broadened to include city commercial banks, rural cooperative financial institutions, foreign banks, consumer finance companies, and auto finance companies [5]. - The central and provincial finances will bear 90% and 10% of the subsidy costs, respectively, which is expected to reduce local fiscal pressure and directly impact local consumption data [5]. - The optimization of the policy is anticipated to stimulate consumption in third- and fourth-tier cities and rural areas, which are significant growth points for the consumer market [5][6]. Group 3: Implementation and Efficiency - The government emphasizes a coordinated approach to fiscal and financial policies to boost domestic demand, focusing on simplifying processes and ensuring direct benefits to consumers [8]. - Recommendations include enhancing the precision of policy design, improving execution efficiency, and fostering collaboration among related policies to create a sustainable consumer market [9][10]. - Local governments are encouraged to tailor subsidy models to their unique economic conditions and consumer behaviors, ensuring that the policies effectively stimulate local consumption [10].