在监管指导要求消费贷利率不低于3%且执行尚不足两月之际，有市场消息传出：个别消费贷产品利率 使用优惠券后已可低至3%以下。南都湾财社记者在社交平台上搜索发现，确有网友自称在4月28日申请 到了2.68%的"消费贷"利率；还有部分自称是银行工作人员的用户声称：进入五月份，个别消费贷产品 能做到（利率）3%以下的情况。 记者经多方咨询求证后了解到，当前多数银行消费贷利率依旧保持在3%。少数能通过使用优惠券将利 率降至3%以下的消费贷产品，存在一定条件限制。比如，仅针对公务员、事业编等群体的准入条件相 对宽松；还有部分低利率产品，实则属于经营贷范畴。 5月21日，南都湾财社记者注意到，社交平台上有网友发帖询问是否有银行能提供利率在3%以下的消费 贷。 在该帖评论区，一名网友分享了4月28日申请到2.68%利率的截图。同时，还有不少自称银行工作人员 的人在评论区"招揽生意"，表示可帮忙办理低利率消费贷。不过，多数网友较为理性，认为"目前监管 不允许年化利率在3%以下，询问也无意义"。 消费贷利率重回3%以下？有门槛！ 现在最低就是３了 昨天 13:54 河北 回复 0 现在监管不允许年化３以下，你这问了等于 15 白 ...

全国社会保障基金理事会原副理事长、深圳市金融稳定发展研究院理事长 王忠民 他指出，以微信支付和支付宝为代表的数字账户不仅具有低成本、零收费的特征，还具备数据自动积累功能。个人和家庭用户可以基于自身日常消费、支付 和现金流情况，在平台上构建出简易的复式财务账户，涵盖收入、支出、资产与负债等关键维度。该账户既可支撑家庭创业、经营，也便于金融机构开展信 用评估与尽职调查，为信贷、投资乃至上市服务提供基础数据。 王忠民强调，这一模式不仅实现了从消费金融向生产金融的自然延伸，也体现了普惠金融的范围经济与规模经济效应。平台化的现金管理工具正在提升资产 配置效率，在部分场景下，其短期现金管理收益甚至高于传统固收类资产。 他补充指出，在当前社会零售总额和内需增速承压的背景下，消费金融平台反而呈现30%、100%、甚至300%的高速增长，说明在低成本、高效率、风险可 控的机制下，数字金融已成为宏观经济调整周期中的稳定力量和创新源泉。 凤凰网财经讯 5月17-18日，2025清华五道口全球金融论坛在深圳举办，本届论坛主题为"共享未来：构建开放包容的经济与金融体系"，凤凰网财经全程报 道。 全国社会保障基金理事会原副理事长、深圳市 ...

Core Viewpoint - The recent trend of credit card cash installment rates dropping below 3% is raising concerns in the industry about banks potentially circumventing regulations on consumer loans and re-entering the consumer finance market [1][2][5]. Group 1: Credit Card Cash Installment Rates - Several banks have recently launched promotional activities for credit card cash installments, with interest rates dropping to as low as 20% of the original rate, resulting in annualized rates below 3% [1][5]. - Some banks have already reduced the promotional rates, causing the installment rates to rise above 3% again [2][6]. - The actual interest rates for cash installments are now aligned with the pricing policies for consumer loans, indicating a potential shift in market dynamics [3][4]. Group 2: Market Dynamics and Regulatory Environment - The competitive landscape for consumer loans has intensified, with some banks offering rates as low as 2.5% to 2.8%, but regulatory guidance has mandated that new consumer loan products must have rates no lower than 3% [8]. - The unsustainable nature of rates below the banks' break-even point is a concern, suggesting that both consumer loans and credit card cash installment rates will eventually return to more reasonable levels [8]. - Experts emphasize the need for banks to focus on quality rather than price in their consumer finance strategies, advocating for sustainable growth in the sector [9].

近日，若干家跌破3%的信用卡现金分期利率，要跟市场告别了。 低于"保本线"、年利率3%以下的消费贷价格战，才落幕一个多月，就有一些银行信用卡开展不同力度的现金 分期限时优惠活动：利息优惠最低可至2折以下，使得整体现金分期年利率测算下来已低于3%。 这也就是为什么，业界关于银行"绕道"信用卡现金分期，重新开卷消费金融业务的质疑声渐起。 券商中国记者观察到，目前已有银行信用卡中心将现金分期利率优惠活动力度缩减，使得分期年利率回升至 3%以上。 1.一家银行信用卡中心，昨日缩减了分期利率优惠力度，使得其分期最低折算年利率回升至3%以上。 2.另一家银行最新回复券商中国记者，该行已基于监管强化消费金融的要求，针对现金分期业务与消费贷 款相似性，也全面对其执行年化利率大于等于3%标准。 从"以价换量"，到呼吁"以质换量" 今年一季度，消费贷价格战愈演愈烈，不少银行通过发放优惠券等方式，将部分客户实际消费贷利率降至 2.5%—2.8%。后续经监管部门指导，从4月起银行新发放消费贷产品的年化利率不得低于3%。 如此，现金分期实际利率水平，也齐平于消费贷限价政策的导向。 分期优惠空前，底线齐平消费贷限价政策 此前，各家信用卡 ...

Core Viewpoint - The article discusses the cost implications of membership fees associated with borrowing through the Xiaohua Wallet App, highlighting that while membership can reduce interest fees, the overall cost may still be significantly high when considering the membership fees as part of the borrowing cost [2][4][5]. Group 1: Membership Fees and Borrowing Costs - Xiaohua Wallet offers a loan of 7000 yuan with a default membership fee of 428 yuan per month, which reduces the monthly interest by 41.25 yuan, leading to an annualized cost of 24% if the membership is retained [2][4]. - If the membership is canceled, the annualized cost rises to 35.99%, and if the membership fee is included in the borrowing cost, the effective annualized cost could reach approximately 130% [4][7]. - The membership fee, when annualized, amounts to 5136 yuan for the 7000 yuan loan, raising questions about the true cost-effectiveness of the membership [4][5]. Group 2: Regulatory and Compliance Considerations - The article references a regulation that mandates full disclosure of key information to borrowers, including loan rates and any additional fees, which raises concerns about the transparency of the membership fees [9]. - There is an ongoing debate regarding the compliance of such membership fees with financial regulations and whether the value of the associated benefits justifies the costs [16]. - The article suggests that aligning membership fees with the value of the benefits is essential for long-term compliance and sustainability in the financial services industry [16]. Group 3: Company Background - Xiaohua Wallet is operated by Xiaohua (Shanghai) Internet Technology Co., Ltd., with significant ownership by CITIC Industrial Investment Fund Management Co., Ltd. and its subsidiaries [12]. - The company collaborates with licensed financial institutions such as Daxinganling Bank and Xiaomi Consumer Finance, indicating a structured partnership within the financial ecosystem [12].

Core Viewpoint - The financial data for April released by the People's Bank of China indicates a stable and supportive monetary environment for economic recovery, with an acceleration in social financing and steady credit issuance [1] Monetary Supply - As of the end of April, the broad money supply (M2) grew by 8% year-on-year, an increase of 1 percentage point from the previous month; the narrow money supply (M1) grew by 1.5%, a slight decrease of 0.1 percentage points from the previous month [1] - The central bank has increased short-term and medium-term liquidity through various operations, indicating a solid financial support for economic recovery [1] Social Financing - By the end of April, the total social financing stock was 424 trillion yuan, with a year-on-year growth of 8.7%, an increase of 0.3 percentage points from the previous month; the cumulative increase in social financing for the first four months was 16.34 trillion yuan, 3.61 trillion yuan more than the same period last year [2] - The acceleration in social financing growth is attributed to a lower base from the previous year and a significant increase in government bond issuance [2] Loan Growth - The balance of RMB loans reached 265.7 trillion yuan, with a year-on-year growth of 7.2%, a slight decrease of 0.2 percentage points from the previous month; in April, RMB loans increased by 280 billion yuan, which is 450 billion yuan less than the same month last year [3] - The decrease in loan growth is influenced by seasonal factors and changes in the financing market, with April traditionally being a "small month" for credit [3] Loan Structure - In the loan structure, corporate loans contributed the majority of the increase, while household loans showed a decline; corporate loans increased by 610 billion yuan, which is 250 billion yuan less than the previous year, while household loans decreased by 521.6 billion yuan [4] - The decline in household loans, particularly in short-term loans, indicates a need for further stimulation of consumer demand [4] Future Measures - The implementation of a series of financial policies is expected to support consumption recovery and growth; measures include the establishment of re-loans for service consumption and elderly care, aimed at reducing financing costs for financial institutions [5] - Fiscal and tax policies are also emphasized to support the development of new consumption sectors, creating new demand and enhancing consumer spending [6]

Core Viewpoint - The credit structure in China has been improving in recent years, effectively supporting the transformation of the economic structure, with corporate loans increasing and household loans decreasing by approximately 5 percentage points each [1][2]. Group 1: Credit Structure Changes - The loan balance in China has exceeded 265 trillion yuan, and even a 1% improvement in the credit structure has a significant impact [1]. - Since 2021, the proportion of corporate loans has risen from 63% to about 68%, while household loans have decreased from 37% to about 32%, indicating a shift in credit funds towards real enterprises [1]. - The share of small and micro enterprises in total corporate loans has increased from 31% to about 38%, while the share of large and medium-sized enterprises has decreased from 69% to 62% since 2021 [1]. Group 2: Industry Focus and Financial Support - Financial institutions have been directing more credit resources towards the manufacturing and technology innovation sectors, with a focus on supporting key service consumption industries such as accommodation, dining, entertainment, and education [2]. - From 2021 onwards, the proportion of manufacturing in all medium to long-term loans has increased from 5.1% to about 9.3%, while the share of consumer industries has risen from 9.6% to about 11.2%. In contrast, traditional real estate and construction industries have seen their share decrease from 15.9% to about 13% [2]. Group 3: Future Outlook on Consumer Finance - Experts believe that future development in consumer finance should focus on expanding effective consumer demand and ensuring that consumer loans are genuinely used to support consumption, while maintaining reasonable and sustainable practices [3].

5月14日，央行发布4月金融统计数据显示，4月末，人民币各项贷款余额265.70万亿元，同比增长 7.2%；1-4月，人民币各项贷款增加10.06万亿元，与上年同期大致持平。 4月份，虽然新增贷款规模有所放缓，但从结构上看，普惠小微贷款、制造业中长期贷款等增速均高于 同期各项贷款增速。同时，贷款利率保持在历史低位水平。 有业内人士指出，今年一季度GDP同比增长5.4%，在去年同期高基数上继续保持较快增速，消费、投 资等主要宏观经济指标均明显好转，既反映了去年9月以来一揽子增量政策效果持续显现，也体现出中 央经济工作会议和全国"两会"后，各项宏观政策及时响应、协同发力，社会信心持续提振。 融资成本"往下走"金融总量有望继续保持合理增长 4月份，我国金融总量"有上行"，从前4个月金融总量数据看，社会融资规模、广义货币M2、人民币贷 款增速持续高于名义GDP增速，金融对实体经济支持的力度仍然较大。市场人士表示，金融总量数据持 续较好，体现出央行逆周期调节和金融稳经济的效果。 同时，我国融资成本"往下走"。央行数据显示，4月份企业新发放贷款加权平均利率约为3.2%，比上月 低约4个基点，比上年同期低约50个基点；个人 ...

"未来宏观政策思路更加注重促消费，金融政策的重点是支持高品质消费品供给，需求端的消费贷款成 本已不是影响因素。"市场权威专家表示。今年以来，金融对需求端的居民消费支持力度非常大，银行 消费金融类产品不断丰富创新，居民消费融资便利度明显上升。但对应的结果是居民部门杠杆率也比较 高。权威专家指出，一些银行的消费贷款还出现过度竞争，甚至是发放的消费贷款利率已经低于本行保 本点，这种模式很难持续，也容易放大部分高杠杆群体的负债风险。从实际情况看，信用卡极大地满足 了公众的消费融资需求，而且还有相对较长的免息期，实质上等价于便宜甚至是"零成本"的融资支持， 为日常消费需求提供了稳定充分的金融保障。发展消费金融根本上是要扩大有效消费需求，拓展消费场 景，确保消费贷款真正用于支持消费，应当坚持合理适度的原则，银行也需要通过下沉服务、挖掘客 户、做大蛋糕，保持理性定价，促进消费金融可持续发展。(第一财经) ...

Core Viewpoint - The article emphasizes the role of consumption as a key driver of economic growth in Qingdao, highlighting the city's efforts to become an international consumption center through innovative financial services and products [1]. Group 1: Financial Innovation and Consumer Empowerment - Qingdao Industrial and Commercial Bank (ICBC) is actively implementing the national strategy to boost consumption by developing a comprehensive consumer credit matrix that includes products like "Rong e Borrow" and "Follow House e Borrow" [3]. - The bank's financial products are tailored to meet various consumer needs, such as home renovation, education investment, and elder care, showcasing a commitment to inclusive finance [2][3]. Group 2: Service Ecosystem Development - ICBC is creating a "purchase+" service ecosystem that integrates various financial services, enhancing the consumer experience from home buying to home improvement [4]. - The bank is also focusing on rural revitalization and international payment services to cater to diverse consumer segments, including foreign residents [4]. Group 3: Consumer Activity and Engagement - The bank has launched several promotional activities, such as "Love Purchase" events and collaborations with local businesses, to stimulate consumer spending and enhance engagement [5]. - In the first quarter of the year, ICBC's credit card consumption reached nearly 4 billion yuan, indicating a significant boost in consumer activity [5]. Group 4: Global Service Expansion - ICBC is expanding its cross-border consumption services with initiatives like "Love Purchase Global," offering cashback and exclusive discounts to enhance the shopping experience for residents [7]. - The bank aims to integrate digital innovation into its services, enhancing the overall consumer experience and supporting the city's goal of becoming a global consumption hub [7].