12月18日，贵州大方农村商业银行发布关于消费贷款贴息工作的公告，对在2025年9月1日至12月31日期间，由该行营业机构发放的符合条件的个人消费贷 款和消费领域服务业经营主体贷款实施贴息政策，年贴息比例为1个百分点。 图片来源：大方农商银行微信公众号 预计有更多地区跟进 此次多地密集落地的"地补"政策，源于国家层面的政策引导与推动。 今年8月，财政部、中国人民银行、金融监管总局联合印发《个人消费贷款财政贴息政策实施方案》，明确6家国有行、12家股份行及5家其他机构为贷款 经办机构。同时鼓励地方财政部门结合实际情况，对其他经营个人消费贷款业务的金融机构给予财政贴息支持，扩大政策覆盖面。 12月，商务部、中国人民银行、金融监管总局联合印发《关于加强商务和金融协同 更大力度提振消费的通知》，明确鼓励地方商务主管部门结合地方实 际，探索运用贷款贴息等方式，引导信贷资金向消费重点领域倾斜。 在国家政策的连续指引下，多地已启动消费贷贴息扩容工作。业内人士预计，后续将有更多地区加入消费贷贴息阵营，各地会结合自身财政实力、消费市 场特点，制定差异化的贴息方案，让政策精准适配本地消费提振需求。 不止贵州，近期四川、重庆等地已 ...

对参与其中的区域性银行而言，这无疑是一次重要的发展机遇。成都银行方面认为，财政贴息显著降低 了消费信贷的利率门槛，夯实普惠金融基础。同时，政策引导信贷资源向重点消费场景倾斜，也有助于 银行优化零售业务结构。 然而机遇与挑战并存，星图金融研究院副院长薛洪言提醒，政策红利具有期限性和地域性，地方银行能 否将短期获客转化为长期客户留存，关键在于能否借此契机真正提升数字化运营、场景融合及综合金融 服务能力。否则，短期涌入的客户可能在政策结束后流失。 为确保财政资金精准滴灌、防范套利风险，一套严密的风险防控机制随之建立。银行通过贷款发放账户 自动识别真实消费流水，从源头把控资金流向；设置单笔与累计贴息上限，从额度上约束套利空间；并 对大额或异常交易辅以发票、合同等材料的人工审核。这些要求已明确体现在客户协议中，强调了消费 真实性的承诺与核验义务，从法律层面筑牢了防线。 川黔渝的先行试点，已然形成了可复制的样板。业内普遍预计，后续将有更多省份和区域性银行陆续加 入"地补"行列。中金公司研究部总监林英奇分析，更多区域性银行加入主要得益于中央政策的明确鼓 励，且贴息对地方财政负担相对可控，消费撬动效应显著，同时也能增强区域性 ...

Regulatory - Sichuan, Chongqing, and Guizhou have expanded the consumer loan interest subsidy policy to local banks, encouraging more banks to participate in the subsidy program and adapt financial products to consumer scenarios [2] - The current round of consumer loan subsidies is a continuation of previous policies, with a nationwide consumer loan interest subsidy policy officially launched in August, involving six major state-owned banks and twelve national joint-stock banks as initial participating institutions [2] Banking - Yibin Bank has been approved to increase its registered capital from 3.9 billion to 4.5884 billion RMB, with an increase of 688.4 million RMB [2] - Shanghai Pudong Development Bank's Kunming branch was fined 500,000 RMB for serious negligence in the "three checks" of loans [3] - The vice chairman of Cangzhou Bank has had his appointment qualifications approved by the Hebei Financial Regulatory Bureau [4] Large Companies - Changsha Bank plans to increase its investment in its subsidiary, Hunan Changyin 58 Consumer Finance Co., Ltd., by no more than 1.55 billion RMB, subject to regulatory approval [5][6] - The increase aims to enhance the capital strength of Changyin 58, improve its risk resistance capabilities, and promote sustainable development [6] - Jin Bo has been promoted from deputy general manager to general manager of Puda Credit, with a background in credit, social credit, and digital finance [6]

本报记者 彭妍 消费提振再迎政策加码。12月14日，商务部办公厅、中国人民银行办公厅、金融监管总局办公厅联合印发《关于加强商务 和金融协同 更大力度提振消费的通知》（以下简称《通知》）。政策红利持续释放，多地消费贷贴息扩容工作全面启动。 更多省市或跟进 《通知》提出，结合地方实际探索运用融资担保、贷款贴息、风险补偿等多种方式，加强财政、商务、金融政策协同配 合，引导信贷资金加大向消费重点领域投放。鼓励银行和非银行金融机构发挥各自特点、加强优势互补，协同参与促消费活 动，促进消费提质升级。 值得注意的是，财政部、中国人民银行、国家金融监督管理总局于今年8月份联合印发的《个人消费贷款财政贴息政策实 施方案》中提到，在明确6家国有大行、12家全国性股份行等机构作为个人消费贷贴息政策贷款经办机构的同时，也鼓励地方 财政部门结合实际情况对其他经营个人消费贷款业务的金融机构给予财政贴息支持，扩大政策覆盖面。 在连续释放的政策红利带动下，多地迅速推进消费贷贴息扩容落地。12月份以来，四川、重庆、贵州率先启动省级贴息工 作，将地方中小银行纳入消费贷贴息经办机构范围。云南也紧随其后出台省级贴息政策，"国补+地补"协同发力的消费 ...

249 | 国家金融监督管理总局正式发布 :2026年将根据 变化出台增量政策 《银保通系统接口规范》行业标准 Hinancial 母用金融斗论 .. Financial Weekly 每周金融评论 | 目录 CONTENTS 热点聚焦 FOCUS 申论文艺艺艺艺艺艺艺艺艺艺艺艺艺艺 O 12月15日，国务院新闻办公室举行新闻发布会，介绍2025年11月份国民经济运行情况。会上，国家统计局新闻发言人、总经济 师、国民经济综合统计司司长付凌晖表示，11月份国民经济延续稳中有进发展态势。全年粮食实现丰收，稳定在1.4万亿斤以 上；工业生产稳定增长，装备制造业和高技术制造业增长较快；服务业平稳增长，现代服务业发展向好；市场销售规模扩大，服 务零售增长加快；固定资产投资同比下降，制造业投资保持增长；货物进出口增速回升，贸易结构继续优化；就业形势总体稳 定，城镇调查失业率与上月持平；居民消费价格同比涨幅扩大，工业生产者价格环比继续上涨。 《清华金融评论》观察 11月份，更加积极有为的宏观政策持续显效，全国统一大市场建设纵深推进，着力做强国内大循环，生产供给持续增长，市场销 售继续扩大，货物进出口增长加快，就业物价总体稳 ...

政策促消费力度持续加码，消费贷贴息政策正从全国性商业银行向地方区域性银行延伸。北京商报记者 梳理发现，12月以来，四川、重庆、贵州等地密集出台配套政策，将区域性中小银行纳入贴息贷款经办 机构范围，推动政策红利精准触达县域、乡村等下沉市场。分析人士称，这一趋势既契合国家鼓励地方 补充补贴的政策导向，也为中小银行转型发展提供了良好契机，同时也是地方财政撬动区域消费的有效 抓手。 政策促消费持续加码 从多家中小银行披露的公告来看，此次贴息政策核心标准与"国补"保持一致，但在执行周期、补贴上 限、申请方式等实操细节上呈现出差异化特征。 四川农商银行、泸州银行等机构明确，贴息政策执行期为2025年10月1日至2026年3月31日，在此期间办 理的个人消费贷款（不含信用卡）中，实际用于四川省内消费的部分可享受贴息。贴息比例为年1个百 分点，且最高不超过贷款合同利率的50%。额度限制方面，政策执行期内，每名借款人在单家银行可享 受的全部个人消费贷款累计贴息上限为1500元（对应符合条件的累计消费金额30万元），其中单笔5万 元以下个人消费贷款累计贴息上限为500元（对应符合条件的累计消费金额10万元）。 12月14日，北京 ...

Core Viewpoint - The implementation of the consumer loan interest subsidy policy, referred to as "financial national subsidy," has been ongoing for over a hundred days, with banks increasing their lending pace, but the recovery in consumer credit demand remains sluggish [3][4]. Group 1: Bank Lending Dynamics - The new personal consumption loan interest subsidy policy, effective from September 1, aims to lower financing costs for residents and stimulate consumption [5]. - Major state-owned and joint-stock banks have significantly increased their personal consumption loan issuance since September, with China Bank issuing 47.4 billion yuan in September alone, marking a 26.11% increase year-to-date [5][6]. - Regional banks are also ramping up their consumer loan offerings, with some increasing loan limits to 500,000 to 1 million yuan, and even up to 2 million yuan in certain cases [6][7]. Group 2: Demand and Market Challenges - Despite the increased lending, the demand for consumer loans remains weak, with household loans only increasing by 533.3 billion yuan in the first eleven months, and short-term loans decreasing by 732.8 billion yuan [7][8]. - The overall consumer credit demand is constrained by a sluggish real estate market and slow recovery in income expectations, leading to a lack of willingness among residents to leverage [7][8]. Group 3: Transition from National to Local Subsidies - The policy is transitioning from a national subsidy to local subsidies, with various regions like Sichuan and Guizhou implementing their own consumer loan interest subsidy measures [9][10]. - Local subsidies are more targeted, focusing on local consumption and implemented through local banks, which aims to stimulate regional markets [10]. - The local subsidy approach is seen as a way to leverage limited fiscal resources to boost consumer spending and bank lending [10]. Group 4: Policy Direction and Future Outlook - The central government's focus remains on boosting resident consumption as a key macroeconomic strategy, with recent meetings emphasizing the need for financial institutions to support domestic demand [11].

预计未来有更多地区性银行加入。 9月1日，个人消费贷款财政贴息新政正式落地。该政策旨在通过财政贴息降低居民融资成本，提振消 费、稳住内需。 从供给端看，政策效果首先体现在银行投放力度的提升。多家国有大行、股份制银行在9月以后明显加 大个人消费贷款发放规模。财报数据显示，中国银行9月当月投放个人消费贷款474亿元，截至9月末个 人消费贷款较年初增长26.11%，借记卡快捷支付交易额突破6万亿元；交通银行9月当月消费贷整体发 放额环比增长超过20%；建设银行9月末个人消费贷款余额同比增幅接近30%，截至10月末签署贴息协 议客户近百万户，识别合格消费交易超180万笔。 多位银行人士对记者表示，新政推出后，他们加大了对个人消费贷产品的推广力度，主要集中在汽车、 家电、装修等大宗消费领域，通过线上线下协同的方式推广，每月新增发放个人消费贷签约额及贴息较 此前表现较好。 在政策激励下，银行不仅"多投放"，也在"调结构"。部分区域性银行银行大力加码个人消费贷产品，将 消费贷额度上限提高至50万~100万元，部分中小银行甚至将最高额度上调至200万元，并在期限、还款 方式上给予更大灵活度。近日，江苏银行、淮安农商银行、青海 ...

Core Insights - The article discusses the ongoing expansion of consumer loan interest subsidy policies in China, particularly focusing on the inclusion of regional small and medium-sized banks in the implementation of these policies [1][3][4]. Policy Expansion - Since December, regions such as Sichuan, Chongqing, and Guizhou have rapidly introduced supporting policies that allow regional small and medium-sized banks to participate in consumer loan interest subsidies, thereby broadening the policy's coverage [3][4]. - The policy's origin dates back to August, when the Ministry of Finance, the People's Bank of China, and the financial regulatory authority issued a plan to implement personal consumer loan interest subsidies, designating major national banks as core implementing institutions while encouraging local governments to support other financial institutions [3][4]. Implementation Details - The implementation of these policies has accelerated, with a joint notice issued on December 14 emphasizing the need for collaboration between finance and commerce to boost consumption through various financial mechanisms [3][4]. - Specific policies have been launched, such as Sichuan's initiative to provide a 1% annual interest subsidy for personal consumer loans used for local consumption, effective from October 1, 2025, to March 31, 2026 [4][5]. Regional Bank Participation - Multiple regional banks, including Sichuan Rural Commercial Bank and Chongqing Bank, have announced their participation in the consumer loan interest subsidy program, indicating a significant expansion of the policy's reach [6][7]. - The subsidy standards align with national guidelines but exhibit variations in execution periods, subsidy limits, and application processes among different banks [6][7]. Consumer Guidance - Consumers are advised to focus on four key points when utilizing these policies: ensuring compliance with local consumption requirements, assessing personal financial capabilities, understanding application details, and aligning consumption plans with subsidy limits [8]. - The article suggests that the model of expanding consumer loan interest subsidies at the local level may be promoted nationwide, providing opportunities for small and medium-sized banks while effectively stimulating regional consumption [8].

中国商报（记者 马文博）今年8月印发的《个人消费贷款财政贴息政策实施方案》提出，鼓励地方财政部门结合实际情况对其他经营个人消费贷款业务的金 融机构给予财政贴息支持，扩大政策覆盖面。近期，多地发布省级贴息实施细则，地方性银行也明确加入消费贷贴息阵营。 "地方加码消费贷贴息政策是当前稳增长、促消费的重要举措。"中国城市专家网智库专业委员会常务副秘书长林先平认为，通过财政资金引导金融机构降低 消费信贷成本，有助于激发居民消费潜力，对提振地方经济、稳定就业具有积极作用。 12月3日，重庆市财政局、中国人民银行重庆市分行、国家金融监督管理总局重庆监管局联合发布通知，对个人消费贷款进行财政贴息。根据发放的文件， 2025年9月1日至2026年8月31日期间，居民个人使用贷款经办机构发放的个人消费贷款（不含信用卡业务）中实际用于消费，且贷款经办机构可通过贷款发 放账户等识别借款人相关消费交易信息的部分，可按规定享受贴息政策。 值得关注的是，贷款经办机构除6家国有大型商业银行、12家全国性股份制商业银行、5家其他个人消费贷款发放机构外，还有3家重庆市地方国有法人银行 入选，包括重庆银行股份有限公司、重庆农村商业银行股份有限公 ...