近600亿再贷款申报落地，财政金融协同激活服务消费市场潜力

Core Viewpoint - The article discusses the Chinese government's efforts to boost service consumption and support the elderly care sector through various financial policies and initiatives, highlighting significant loan approvals and the impact on the economy [3][4][5]. Financial Support for Service Consumption - As of now, financial institutions have reported nearly 60 billion yuan in service consumption and elderly care re-loans, involving around 4,000 entities and over 5,700 loans [6]. - The People's Bank of China (PBOC) has introduced multiple policies to stimulate service consumption, including a dedicated 500 billion yuan re-loan for service consumption and elderly care, aimed at increasing credit in key sectors such as accommodation, dining, and tourism [5][6]. - By the end of July, the balance of household consumption loans (excluding personal housing loans) reached 21.04 trillion yuan, with a year-to-date increase of 346 billion yuan, reflecting a year-on-year growth of 5.34% [5]. Credit Product and Service Innovation - The PBOC is guiding financial institutions to enhance their internal processes and innovate products to support consumption, focusing on key areas such as food, housing, travel, and entertainment [7]. - From January to July, automotive finance companies issued 21.5 billion yuan in financial bonds and 48.4 billion yuan in asset-backed securities, effectively revitalizing credit supply and reducing financing costs [7]. Fiscal and Financial Coordination - A joint policy issued by nine departments, including the Ministry of Commerce and the PBOC, aims to address service consumption challenges by providing multi-dimensional financial support, including investment in service facilities and credit for service enterprises [9]. - The policy encourages local governments to establish risk compensation funds to mitigate consumption credit risks and promote a combination of government subsidies, financial support, and merchant discounts [9]. Impact on Service Consumption Development - The initiatives are expected to lower credit costs, stimulate effective demand in sectors like culture, education, and healthcare, and optimize the structure of service consumption by directing funds to underdeveloped areas such as elderly care and digital consumption [10]. - The PBOC plans to collaborate with various departments to ensure the effective implementation of these policies, enhancing the overall consumer experience and satisfaction [10].