螺纹钢产业链日报 2025/8/13 研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任自负。 本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人 不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 3,222.00 | -36↓ RB主力合约持仓量(手) | 1652593 | +47205↑ | | | RB合约前20名净持仓(手) | -103473 | -27573↓ RB10-1合约价差(元/吨) | -74 | +4↑ | | | RB上期所仓单日报(日 ...

北京商报讯（记者 刘四红）8月13日， 中银消费金融有限公司发布关于落实个人消费贷款财政贴息工作 的公告，为深入贯彻落实党中央、国务院决策部署，助力扩内需促消费，中银消费金融将积极落实并严 格执行《关于印发＜个人消费贷款财政贴息政策实施方案>的通知》（财金［2025］80号），确保财政 贴息的政策精准直达消费者，进一步释放消费潜力。公司将遵循市场化、法治化原则，推动政策落地实 施。具体操作指引等实施细则后续将通过官网、中银消费金融App、中银消费金融官微等渠道公布。 ...

研究员: 黄闻杰 期货从业资格号F03142112 期货投资咨询从业证书号Z0021738 玻璃方面，供应端：玻璃产线冷修数量减少1条，产量小幅增加，但是整体产量还在底部，刚需生产迹象明 纯碱玻璃产业日报 2025-08-13 | 最新 环比 | | | | | 项目类别 数据指标 | | 最新 环比 | | | | | 数据指标 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1383 169 | | | | | 纯碱主力合约收盘价(日,元/吨) 纯碱与玻璃价差(日,元/吨) | | 1214 141 1217919 64009 | | | | | -26 玻璃主力合约收盘价(日,元/吨) -167 纯碱主力合约持仓量(日,手) | | | | | 玻璃主力合约持仓量(日,手) | | | | | | | | | | | | 1023728 149431 纯碱前20名净持仓 -327717 37629 | | | | | 期货市场 | | | ...

Core Viewpoint - The article discusses the new personal consumption loan interest subsidy policy introduced by the Chinese government, aimed at stimulating consumer spending by providing financial support for various types of consumer loans [1][2]. Summary by Sections Application Conditions - Residents must demonstrate genuine consumption behavior to qualify for the personal consumption loan interest subsidy. The subsidy applies to both small daily expenses and larger purchases such as vehicles, home renovations, and appliances. Services like travel, healthcare, and education are also included. Each individual can receive a maximum subsidy of 500 yuan per loan, with multiple loans eligible for cumulative benefits [1]. Subsidy Rules - For single loans under 50,000 yuan, the subsidy is calculated based on the actual amount borrowed. Cumulatively, a maximum of 1,000 yuan can be received from the same lending institution. For loans exceeding 50,000 yuan, the subsidy is capped at 5,000 yuan, with a total maximum of 3,000 yuan when combined with smaller loans [2]. Specific Processing Procedures - Borrowers must authorize the lending institution to access transaction information related to their loan accounts when applying for personal consumption loans. Existing loan agreements can be supplemented to grant this authorization. The lending institution will calculate the subsidy based on actual consumption and apply it directly to the interest payments, allowing borrowers to receive updates via SMS or mobile apps without additional steps [3]. Example Scenario - A consumer taking a personal consumption loan of 200,000 yuan for home renovation at an interest rate of 3% would typically pay 6,000 yuan in interest annually. With a 1% subsidy, the interest payment could be reduced by 2,000 yuan, resulting in a one-third reduction in interest costs. The administrative burden is minimized for borrowers, as the lending institutions and local governments handle the subsidy calculations and applications [4][5].

Core Viewpoint - The new personal consumption loan interest subsidy policy aims to stimulate consumer spending by providing financial incentives, potentially leveraging public funds to attract additional financial resources into the consumer sector [2][3]. Group 1: Policy Implementation - The Ministry of Finance, the People's Bank of China, and the financial regulatory authority have jointly issued the implementation plan for the personal consumption loan interest subsidy policy, which will directly benefit the public [2]. - The policy is designed to support both the supply and demand sides of consumption, marking a shift from previous subsidy policies that primarily focused on investment [3]. - The subsidy will specifically target the portion of loans used for consumption, ensuring that it benefits borrowers with genuine consumption intentions [3]. Group 2: Financial Impact - A simple calculation indicates that a 1% interest subsidy could potentially mobilize 100 times the amount in loan funds for consumer spending, demonstrating the leveraging effect of public funds combined with financial tools [3]. - The policy aims to enhance market vitality and stimulate consumption potential by guiding more financial resources into the consumer sector [3]. Group 3: Coverage and Accessibility - The subsidy policy is designed to be inclusive, covering a wide range of daily consumer needs and various demographic groups, thus addressing diverse consumption demands [4]. - It encompasses both daily expenses and significant expenditures closely related to living standards, maximizing the satisfaction of material and cultural needs [4]. - The policy targets a broad audience, including salaried workers and those with fluctuating incomes, ensuring that it reaches various consumer segments [5]. Group 4: Efficiency of the Process - The process for applying and distributing the subsidy funds is streamlined, primarily managed by lending institutions and local government departments, reducing the burden on borrowers [6]. - Borrowers only need to authorize the lending institution to access relevant transaction information for subsidy calculations, minimizing additional steps [6]. - The policy represents an innovative collaboration between fiscal and financial support aimed at boosting consumption, with plans for continuous improvement and integration with other consumer incentive programs [6].

Economic Indicators - US Treasury Secretary Yellen indicated an openness to a 50 basis point rate cut by the Federal Reserve in September[4] - The US Consumer Price Index (CPI) for July rose by 2.7% year-on-year, which is lower than expected[4] - The total US national debt has exceeded $37 trillion for the first time[4] Market Performance - The Nasdaq index closed at 21,681.90, up 1.39%[5] - The Dow Jones Industrial Average closed at 44,458.61, up 1.10%[5] - The S&P 500 index closed at 6,445.76, up 1.13%[5] Commodity Prices - The price of Brent crude oil was $66.71, up 0.18%[5] - The spot price of gold was $3,347.64, up 0.18%[5] - Bitcoin futures on CME closed at $119,230.00, up 1.95%[5] Regional Market Insights - Hong Kong's capital market saw a new IPO fundraising total increase of over six times year-on-year in the first seven months of this year[4] - The Hang Seng Index closed at 24,969.68, up 0.25%[5] - The Shanghai Composite Index closed at 3,665.92, up 0.50%[5]

农业银行、中国银行、建设银行表示，将于2025年9月1日起，对符合上述通知要求的个人消费贷款实施 贴息。 农业银行、中国银行、建设银行、工商银行、交通银行均表示，办理个人消费贷款贴息不收取任何服务 费用。多家银行还表示，没有委托官方渠道以外的任何机构、人员代为办理，请广大客户谨防各种形式 的诈骗，保障财产和信息安全。 此外，中国银行、工商银行等银行表示，后续将通过手机银行App、官方微信公众号、官网、营业网点 等渠道公布办理流程等实施细则。(第一财经，泽塔） #六大行集体官宣贴息#【#六大行对个人消费贷款贴息#】财政部、中国人民银行、金融监管总局日前印 发《个人消费贷款财政贴息政策实施方案》。其中提到，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。 贴息范围包括单笔5万元以下消费，以及单笔5万元及以上的家用汽车、养老生育、教育培训、文化旅 游、家居家装、电子产品、健康医疗等重点领域消费。对于单笔5万元以上的消费，以5万元消费额度为 上限进行贴 ...

Core Points - The State Council introduced personal consumption loan interest subsidy policies and service industry loan interest subsidy policies during a press conference [1] Group 1: Personal Consumption Loan Interest Subsidy - Borrowers can apply for personal consumption loans by granting banks the authority to access transaction information of designated accounts [2] - For example, a consumer borrowing 200,000 yuan at a 3% annual interest rate could save up to 2,000 yuan in interest payments with a 1% subsidy, resulting in a one-third reduction in interest costs [2] - Key areas eligible for subsidies include home appliances, automotive purchases, elderly care services, education and training, cultural tourism, home decoration, electronic products, and health care [3] Group 2: Service Industry Loan Interest Subsidy - Borrowing entities do not need to apply for subsidies; they can proceed with normal loan processes at banks [4] - Once the bank receives the subsidy funds, it will return the corresponding subsidy amount to the borrowing entity for interest already paid [5] - For future interest payments, the bank will directly deduct the subsidy amount from the monthly interest owed by the borrowing entity [5]

21世纪经济报道记者 唐婧 北京报道 首先，积极开展政策宣传与解读。商务部将协同财政部开展广泛深入的政策宣传，指导地方商务主管部 门结合促消费活动加强政策宣介，提升政策知晓度和宣传覆盖面。商务部还将发挥行业协会和平台企业 的作用，推动政策快速精准触达企业，加快政策落地见效。 其次，强化贷款贴息政策审核把关。商务部将督促指导省级商务主管部门认真审核经办银行省行报送的 相关材料，审核贷款是否符合支持范围和贴息条件，及时将审核结果反馈省级财政、金融监管部门，让 政策红利切实惠及符合条件的经营主体。 最后，做好政策实施效果跟踪问效。商务部将指导地方商务主管部门通过定期实地走访、行业座谈等方 式，梳理经营主体在贷款申请、贴息审核、贴息拨付等环节的诉求和建议，持续优化完善相关工作。同 时，商务部还将与各有关部门加强沟通协调，推动解决政策落地过程中出现的有关问题，进一步提升政 策实施成效。 王波表示，本次发布的服务业经营主体贷款贴息政策，为相关的经营主体提供了"真金白银"的支持，是 促进服务消费高质量发展的重要举措。商务部既是服务消费工作的牵头部门，也直接负责实施方案中涵 盖的餐饮住宿、家政等行业的管理工作。 王波介绍，下 ...

Core Viewpoint - The Chinese government has introduced personal consumption loan interest subsidy policies aimed at enhancing consumer spending and supporting service industry operators, with a focus on simplifying access and ensuring broad coverage for the public [3][7]. Policy Overview - The policies are designed to directly benefit consumers and service providers by reducing credit costs and increasing policy coverage, thereby improving the quality of goods and services available to residents [3][4]. - The interest subsidy is set at 1 percentage point, which is approximately one-third of the current personal consumption loan interest rates offered by commercial banks, and will be implemented for one year [7][10]. Eligibility and Conditions - Personal consumption loans must be used for legitimate consumption needs; loans used for non-consumption purposes will not qualify for the subsidy [6][10]. - For loans under 50,000 yuan, the subsidy is calculated based on the actual amount borrowed, with a maximum subsidy of 1,000 yuan for multiple loans at the same institution. For loans above 50,000 yuan, the subsidy is capped at 3,000 yuan [4][10]. Targeted Areas for Subsidy - The subsidy covers various key consumption areas, including household vehicles, elderly care, education, cultural tourism, home decoration, electronic products, and healthcare [8][9]. - The service industry loan subsidy targets sectors such as catering, health, elderly care, childcare, home services, cultural entertainment, tourism, and sports, with a maximum loan amount of 1 million yuan per entity [7][9]. Implementation and Management - The policies emphasize a market-oriented and legal framework for credit assessment and management, ensuring strict adherence to credit supervision and risk control measures [3][7]. - The implementation involves collaboration among central and local departments to ensure effective execution and monitoring of the subsidy programs [3][7].