贴息标准方面，《实施方案》明确，对于经办银行向服务业经营主体发放的贷款，财政部门按照贷款本 金对经营主体进行贴息，贴息期限不超过1年，年贴息比例为1个百分点，中央财政、省级财政分别承担 贴息资金的90%、10%。单户享受贴息的贷款规模最高可达100万元。相关贷款包括用于改善消费基础 设施的固定资产贷款以及用于提升服务供给能力的流动资金贷款。同一笔贷款不得重复享受中央财政其 他贴息政策；已享受地方财政相关贴息政策的，此次贴息不得超出扣除已有贴息后的实际利率水平。 北京商报讯（记者 宋亦桐）8月12日，据财政部官网消息，为贯彻落实党中央和国务院关于大力提振消 费、全方位扩大国内需求的决策部署，财政部、民政部、人力资源社会保障部、商务部、文化和旅游 部、国家卫生健康委、中国人民银行、金融监管总局、体育总局发布关于印发《服务业经营主体贷款贴 息政策实施方案》的通知（以下简称《实施方案》）。 据了解，中央财政给予贴息的服务业经营主体贷款经办银行为21家全国性银行，包括国家开发银行、中 国进出口银行、中国农业发展银行、中国工商银行股份有限公司、中国农业银行股份有限公司、中国银 行股份有限公司、中国建设银行股份有限公司、交 ...

Core Points - The Ministry of Finance and other government departments have issued a notice regarding the implementation of a loan interest subsidy policy aimed at boosting consumption and expanding domestic demand [1][2] - The policy targets service industry entities in eight sectors: catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1][2] - Loans must be signed between March 16, 2025, and December 31, 2025, and funds must be disbursed to the operating entities during this period to qualify for the subsidy [1][2] Summary by Categories - **Loan Eligibility**: Loans must be issued by banks to service industry entities in specified sectors, and funds must be used to improve consumption infrastructure and enhance service supply capabilities [2] - **Sector Classification**: The relevant sectors correspond to specific categories in the National Economic Industry Classification, including accommodation and catering, resident services, cultural, sports, and entertainment industries [2] - **Policy Duration and Expansion**: The policy may be extended or its support scope expanded based on the effectiveness of its implementation after the initial term [3]

Core Points - The Ministry of Finance and the People's Bank of China, along with nine other departments, have issued a policy implementation plan for interest subsidies on loans to service industry operators [1] Group 1: Policy Details - The loans eligible for interest subsidies must be issued by banks to operators in eight service sectors: catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1] - Loans must be contracted between March 16, 2025, and December 31, 2025, and the funds must be used to improve consumer infrastructure and enhance service supply capabilities [1] - Specific industry classifications for the eligible sectors are defined according to the National Economic Industry Classification and relevant statistical classifications [1] Group 2: Eligibility and Implementation - Eligible operators include individuals, legal entities, and unincorporated organizations engaged in profit-making activities as per the Market Entity Registration Management Regulations [1] - Non-enterprise legal entities providing elderly care services are also eligible for the loan interest subsidy policy [1] - The policy may be extended or expanded based on the effectiveness of its implementation after the expiration date [1]

Core Viewpoint - The State Council's meeting on July 31 initiated personal consumption loan interest subsidy policies and service industry loan interest subsidy policies, which are expected to support economic growth and alleviate pressure on the service sector [1][2]. Group 1: Policy Implementation - Multiple banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank, have actively responded to the subsidy policies, indicating strong support from the financial system for growth stabilization [3][5]. - The policies aim to lower credit costs for residents and financing costs for service industry entities, thereby stimulating consumption and enhancing market vitality [2][6]. Group 2: Bank Responses - Banks are simplifying application processes and enhancing efficiency to ensure that the subsidy policies effectively reach consumers and service industry entities [5][7]. - Specific measures include the launch of personal loan brands and tailored financial service packages to support key consumption areas such as automotive, home appliances, and cultural tourism [7]. Group 3: Economic Impact - The fiscal and financial linkage is expected to boost consumption and market activity, reducing the financial burden on consumers and enabling businesses to expand and upgrade [7][8]. - The rapid response from banks reflects a strategic alignment with government policies aimed at boosting consumption and supporting small and micro enterprises [6][8].

本报（chinatimes.net.cn）记者付乐 北京报道 在7月31日召开的国务院常务会议部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策后。 近日，多家国有大行迅速响应，率先表态将积极落实相关政策。 8月7日，中国邮政储蓄银行研究员娄飞鹏对《华夏时报》记者表示，贴息政策有助于降低居民消费成 本，提高消费意愿，同时对服务业经营主体贷款贴息有助于更好推进投资经营，提升服务质量，为居民 消费结构优化等带来便利。对银行来说，在办理消费贷款业务时需要进行认真调查，严格按照业务流程 办理，确保贷款用途真实，在必要时采用受托支付的方式有效管控贷款资金流向。 记者以用户身份走访了北京地区多家银行网点获悉，尚未有网点收到相关通知。有大行客户经理称，目 前没有这个优惠，后续或许会有。 六大行齐表态 国务院常务会议作出实施消费贷、经营贷贴息新政的部署后，近日，主要国有大行均已通过公开渠道明 确表态积极响应。 记者从交通银行获悉，交通银行已研究制定《支持提振消费专项行动方案》，共提出六大行动、35项具 体措施，推出个人贷款整体品牌"交银惠贷"，加大对以旧换新、汽车、家电家居、文旅健康、餐饮零售 等重点消费领域的支持力度 ...

Core Viewpoint - Everbright Bank is actively implementing policies to boost consumption and develop consumer finance as directed by relevant authorities, following the State Council's recent initiatives [1] Group 1: Policy Implementation - The bank is organizing the implementation of personal consumption loan interest subsidy policies and service industry loan interest subsidy policies as announced in the State Council's meeting on July 31 [1] - Efforts will be made to optimize financial services and guarantee measures, simplifying procedures to ensure the policies are effectively and promptly executed [1] Group 2: Risk Management - The bank emphasizes strict supervision to enhance the efficiency of fund utilization and mitigate risks associated with consumer finance lending [1] - This response marks Everbright Bank as the first joint-stock bank to act on the new policies following the recent actions of major state-owned banks [1]

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) is implementing a subsidy policy for personal consumption loans and loans to service industry entities to reduce credit costs and stimulate market activity [1] Group 1 - ICBC is advancing the implementation of the subsidy policy in accordance with the decisions of the central government to lower credit costs for residents and service industry operators [1] - The bank will adhere to market-oriented and legal principles while optimizing processing procedures and simplifying application requirements [1] - Detailed implementation guidelines, including processing channels and operational instructions, will be published through ICBC's official website, branches, and social media platforms [1]

Core Viewpoint - The implementation of personal consumption loan interest subsidy policies and service industry loan interest subsidy policies is aimed at reducing credit costs for residents and financing costs for service industry entities, thereby stimulating consumption and enhancing market vitality [3][4][5] Group 1: Policy Implementation - Major banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, China Construction Bank, and others, are actively responding to the interest subsidy policies by preparing for their implementation to ensure effective transmission to numerous enterprises and households [1][4] - ICBC has developed a tailored financing solution for individual businesses, such as the "Yanhua Loan," to address urgent funding needs, exemplifying the bank's commitment to innovative inclusive finance [2][4] Group 2: Financial Product Innovation - Banks are continuously innovating inclusive financial products to support service-oriented business entities, with ICBC launching a series of specialized financial products to meet the financing needs of individual consumers and small businesses [2][4] - China Construction Bank and Agricultural Bank of China are also enhancing their loan offerings and developing action plans to align with the subsidy policies, focusing on diverse consumer needs and service industry financing [5][6] Group 3: Market Impact - The interest subsidy policies are expected to lower financing costs for both residents and service industry entities, thereby boosting consumption and improving the operational conditions of related businesses [7] - Analysts suggest that the policies will not only stimulate consumer demand but also provide banks with opportunities to expand their retail business and maintain competitive interest margins [7]

本报讯 记者张冰洁报道 记者近日从中国工商银行（601398）获悉，为降低居民信贷成本和服务业经营 主体融资成本，更好激发消费潜力、提升市场活力，工商银行正在依法依规、积极有序推进个人消费贷 款与服务业经营主体贷款贴息政策的组织实施工作。 工商银行表示，将坚持市场化、法治化原则，优化办理流程，简化办理手续，推动政策尽快实施。对于 具体办理渠道、操作指引等实施细则，工商银行后续将通过官网、营业网点、官方微信公众号等渠道公 布。 7月31日，国务院常务会议部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策。两项贷款 贴息将通过财政与金融政策联动，进一步降低居民信贷成本和服务业经营主体融资成本，加强与国家促 消费系列政策的协同，从供需两端同向发力提振消费，为经济高质量发展提供有力支撑。 ...

Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - The overall market shows a complex situation with different trends in various sectors. In the futures market, some commodities are experiencing price fluctuations, and the market sentiment is affected by multiple factors such as policies, supply - demand relationships, and international economic data [4][6][7]. - In the A - share market, the index is on a stable upward trend, and the market's attractiveness is increasing. However, further upward breakthrough may require new catalysts [17]. 3. Summary by Catalog 3.1 Chemical and Agricultural Futures Market - **Chemical Futures**: On August 6, 2025, in the chemical futures market, natural rubber and soda ash had significant price increases, with natural rubber rising 6.291% to 15,460.00 and soda ash rising 6.137% to 1,349.00. While crude oil, asphalt, and other varieties declined, with crude oil dropping 1.238% to 502.50 [4]. - **Agricultural Futures**: Among agricultural futures, rapeseed meal and yellow corn had price increases, with rapeseed meal rising 0.844% to 2,747.00 and yellow corn rising 0.445% to 2,259.00. Palm oil and other varieties declined, with palm oil dropping 0.750% to 8,996.00 [4]. 3.2 Macro - economic News - **Domestic Policies**: The State Council has introduced a series of policies, including gradually promoting free pre - school education, implementing personal and service industry loan interest - subsidy policies, and the China Real Estate Association providing services for small and medium - sized real estate enterprises. Seven departments including the central bank have jointly issued a guidance on financial support for new - type industrialization [6][7]. - **International News**: The US trade deficit in June decreased significantly, and the ISM non - manufacturing index in July declined. Trump criticized Powell, planned to raise tariffs on India, and may announce drug and chip tariffs. The US may ban banks from terminating customer services due to political stances or cryptocurrency business [6][7][8]. 3.3 Main Variety Morning Meeting Views - **Agricultural Products**: The peanut market is in a pattern of weak supply and demand, with prices expected to be strongly volatile but still on a downward trend. The oil market lacks driving forces and is expected to be weakly volatile. The sugar market is under supply pressure, and it is recommended to wait and see. The corn market is bearish in the short term. The pig market is expected to fluctuate within a range. The egg market suggests short - selling. The cotton market is weakly volatile [10][11]. - **Energy and Chemicals**: The urea price is rising, and it is necessary to pay attention to export and coal price changes. The caustic soda price is expected to be weakly adjusted. The coking coal and coke prices are strongly volatile. [11][12] - **Industrial Metals**: The copper price is under pressure, and the aluminum price is expected to continue to adjust at a high level. The alumina price is adjusting at a high level. The steel price is expected to fluctuate at the bottom in the short term and has upward momentum in the medium term. The ferroalloy market is affected by the overall commodity atmosphere, and it is recommended to operate cautiously. The lithium carbonate price is under pressure, and it is recommended to wait and see [12][13][14]. - **Options and Finance**: The A - share market rose on August 5, 2025. The index is on a stable upward trend, and it is recommended to pay attention to the low - buying opportunities of IF, IM, and IC. For options, trend investors can focus on the strength - weakness arbitrage opportunities between varieties, and volatility investors can sell wide - straddles to short - sell volatility [15][17].