Ren Min Ri Bao·2026-01-22 22:01Group 1 - The core viewpoint of the news is the comprehensive upgrade of the consumer loan "national subsidy" policy, which includes extending the policy deadline to the end of this year and incorporating credit card bill installment services into the support scope [1] - The annual subsidy rate for credit card bill installments is set at 1%, which is a significant highlight of the policy upgrade that consumers are concerned about [1] - Financial institutions such as China Construction Bank and Agricultural Bank of China have clarified the application process for credit card bill installment subsidies, emphasizing that the process remains generally the same but requires signing specific agreements [1] Group 2 - Credit card holders can enjoy consumer credit support through bill installments without needing to apply for personal consumer loans, making it more convenient and often at lower rates than credit card overdrafts, which can effectively enhance consumer willingness and capacity [2] - Major banks like Industrial and Commercial Bank of China and Bank of China have stated that loans with completed subsidy applications do not need to re-sign subsidy agreements, and transactions from January 1, 2026, will automatically apply the latest subsidy policy [2] - The policy has expanded the range of institutions eligible for subsidies, including city commercial banks, rural cooperative financial institutions, foreign banks, consumer finance companies, and auto finance companies, which will help boost consumption in lower-tier cities and rural areas [2]