证券时报·2025-08-03 03:57Core Viewpoint - The article discusses the implementation of personal consumption loan interest subsidy policies and service industry loan interest subsidy policies by the State Council, aimed at reducing credit costs for residents and financing costs for service industry entities, thereby stimulating consumption potential and enhancing market vitality [4]. Group 1: Policy Implementation - On July 31, the State Council held a meeting to deploy the implementation of personal consumption loan interest subsidy policies and service industry loan interest subsidy policies [4]. - The Industrial and Commercial Bank of China (ICBC) announced on August 2 that it is actively promoting the implementation of these subsidy policies to lower credit costs for residents and financing costs for service industry entities [1][3]. - The Construction Bank also emphasized its commitment to implementing these policies, focusing on enhancing financial supply and supporting consumption expansion through various financial products [3]. Group 2: Expected Outcomes - The subsidy policies are expected to have a significant effect on reducing financing costs, which can stimulate demand for end products and enhance the public service supply capacity [4]. - The policies aim to facilitate easier access to national policy benefits for market participants, thereby invigorating consumption potential and improving market vitality [3][4]. - The article highlights the importance of collaboration among departments and the need for simplified procedures to ensure the effective implementation of these policies [4].