Group 1 - Six departments in China have introduced 19 measures to enhance financial support for consumption, focusing on improving residents' consumption capacity and optimizing credit products for eligible sectors [1] - The Ministry of Commerce announced the organization of a "New Energy Vehicle Consumption Season" in 2025, promoting vehicle trade-in policies and enhancing the availability of suitable new energy models in rural areas [1] - The draft amendment to the Food Safety Law was presented for review, focusing on enhancing regulation of liquid food transport and stricter penalties for violations [1] - The draft Medical Security Law was introduced, aiming to establish a comprehensive medical security service system and improve direct settlement mechanisms for medical expenses [1] - The World Economic Forum's Summer Davos Forum commenced in Tianjin, indicating a strong commitment to global economic cooperation despite challenges [1] - The Asian Infrastructure Investment Bank elected a new president, Zhao Jiayi, who has extensive experience in international financial cooperation [1] - JD Logistics announced the recruitment of full-time delivery personnel to support its expanding food delivery business, enhancing operational efficiency [1] Group 2 - Huatai Securities has been approved to issue up to 10 billion yuan in technology innovation bonds [4] - Daikin Heavy Industries plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Jinjiang Hotels received preliminary approval from the Shanghai State-owned Assets Supervision and Administration Commission for its H-share issuance plan [4] - Changchuan Technology intends to raise no more than 3.132 billion yuan through a private placement [4] - Xinyangfeng plans to invest 1.15 billion yuan in a new specialized fertilizer project [4] - Sanhua Intelligent Control expects a year-on-year net profit increase of 25%-50% for the first half of the year [4] - Guangda Special Materials anticipates a year-on-year net profit increase of approximately 367.51% for the first half of the year [4]

Core Viewpoint - The People's Bank of China and five other departments have jointly issued guidelines to enhance financial support for consumption, emphasizing the importance of boosting domestic demand and stabilizing economic growth [1][2]. Group 1: Key Areas of Financial Support - The guidelines identify three key areas for financial support: commodity consumption, service consumption, and new consumption [3][4]. - In commodity consumption, financial institutions are encouraged to provide various financial services for replacing old products, with a focus on supporting the recycling of old vehicles and appliances [3]. - For service consumption, the guidelines stress the need for personalized financial products and services, particularly in sectors like retail, hospitality, and elder care [4]. Group 2: Strengthening Financial Supply - The guidelines propose enhancing the financial supply for both commodity and service consumption through a multi-layered financial service system, including credit support as the main channel [5][6]. - A specific measure includes a 500 billion yuan re-lending facility aimed at service consumption and elderly care, which can be accessed by major financial institutions [6]. Group 3: Enhancing Consumer Capacity and Supply Efficiency - The guidelines highlight the importance of increasing residents' income levels to stimulate consumption, alongside supporting entrepreneurship and wealth management [7]. - They also address the need to improve consumption infrastructure and supply chain efficiency, particularly in logistics and distribution [7]. Group 4: Optimizing the Consumption Environment - The guidelines emphasize the importance of a favorable consumption environment to boost consumer confidence, focusing on payment services, credit systems, and consumer rights protection [7].

Group 1 - The core viewpoint of the articles emphasizes the importance of enhancing consumer capacity and supporting service consumption through financial measures [1][2][3] - The People's Bank of China has established a 500 billion yuan service consumption and elderly re-loan to encourage financial institutions to increase support for service consumption sectors [1] - The articles highlight the need for financial innovation to support new consumption models such as digital, green, and health consumption [1][2] Group 2 - The articles outline three important directions for financial support to boost and expand consumption: enhancing consumer capacity, improving supply efficiency, and strengthening basic financial services [2][3] - The focus on increasing household disposable income is seen as crucial for stimulating consumer potential and confidence [3] - The articles discuss the necessity of improving consumption infrastructure, including logistics and supply chain efficiency, to facilitate market expansion and quality [3]

Core Viewpoint - The People's Bank of China and five other departments have jointly issued 19 measures to enhance financial support for consumption, aiming to build a comprehensive financial service system to stimulate and expand consumption [1][2]. Group 1: Financial Support Measures - The measures focus on six key areas: enhancing consumer capacity, expanding financial supply in consumption sectors, tapping into residents' consumption potential, improving consumption supply efficiency, optimizing the consumption environment, and providing policy support [2][3]. - The guidelines emphasize the importance of credit support as a primary channel, advocating for innovative and optimized credit products to meet diverse financing needs in the consumption sector [2][3]. - The bond market will see increased support for qualified enterprises in cultural, tourism, and education sectors to issue bonds, thereby expanding consumer credit [3]. Group 2: Focus Areas for Consumption - The measures identify key areas for financial support, including commodity consumption, service consumption, and new types of consumption [4]. - For commodity consumption, the guidelines call for innovative credit products to meet personalized consumer needs and enhance support for foreign trade enterprises transitioning to domestic sales [4]. - In service consumption, there will be increased financing support for sectors like retail, catering, and elder care, aimed at unlocking the potential of basic service consumption [4]. Group 3: Enhancing Consumer Capacity - The measures outline three main directions: enhancing residents' consumption capacity, improving supply efficiency, and strengthening basic financial services [5][6]. - To enhance consumer capacity, the guidelines propose stabilizing consumption expectations and supporting employment and income growth to boost consumer confidence [5][6]. - The focus will also be on improving consumption infrastructure, particularly in logistics and supply chain efficiency, to facilitate market expansion [6]. Group 4: Optimizing Consumption Environment - The guidelines suggest optimizing payment services, building a robust credit system, and protecting consumer rights to create a better consumption environment [7]. - The People's Bank of China will work with relevant departments to ensure the implementation of these policies and monitor their effectiveness in enhancing financial support for consumption [7].

Core Viewpoint - The People's Bank of China and five other departments have jointly issued guidelines to enhance financial support for consumption, proposing 19 key measures to stimulate and expand consumer spending [1][8]. Group 1: Key Measures - The guidelines emphasize improving the professional service capabilities of financial institutions and expanding financial supply in the consumption sector, focusing on credit support and structural monetary policy tools [3][4]. - A new re-lending tool for service consumption and elderly care has been established with a quota of 500 billion yuan, allowing 21 national financial institutions and five systemically important city commercial banks to apply for re-lending based on 100% of the loan principal [3][4]. - The guidelines also encourage financial institutions to develop diversified consumer financing options, enhancing their ability to attract customers and manage risks [4][10]. Group 2: Economic Context - The current economic environment is undergoing structural upgrades, with a shift from investment-driven growth to consumption-driven growth, which is expected to better meet the needs of the population and drive economic development [4][6]. - The guidelines aim to stabilize consumer expectations and support the real economy, emphasizing the importance of financial and fiscal policy coordination [8][9]. Group 3: Future Outlook - The People's Bank of China plans to accelerate the implementation of these guidelines and monitor their effectiveness, aiming to strengthen financial support for consumption [6][10]. - As the macroeconomic environment improves and consumer confidence rises, the demand for consumer financial products is expected to increase, further driving economic growth and improving living standards [6][10].

Group 1 - The core viewpoint of the article emphasizes the importance of boosting consumption as a key point for expanding domestic demand and stabilizing economic growth, especially in the context of a changing external environment and weakened global demand [1][2] - The People's Bank of China, along with five other departments, has issued guidelines to enhance financial support for consumption, outlining 19 key measures across six areas [1][3] Group 2 - In terms of enhancing consumer capacity and cultivating demand, the guidelines stress the need to stabilize consumer expectations and support employment and income growth to boost consumer confidence [2][3] - The guidelines propose five measures to improve financial institutions' specialized service capabilities and expand financial supply in the consumption sector, including optimizing credit products and increasing support for various consumption industries [3][4] - The guidelines also focus on increasing financial support for key consumption areas, encouraging financial institutions to provide services for product upgrades and new consumption models such as digital and green consumption [4][5] - The article highlights the importance of a favorable consumption environment in stimulating consumer enthusiasm and willingness to spend, with the People's Bank of China planning to monitor and implement these policies effectively [5]

Domestic News - The 12th meeting of the Standing Committee of the 14th National Committee of the Chinese People's Political Consultative Conference was held, focusing on "further deepening economic system reform and promoting Chinese-style modernization" [1] - The People's Bank of China and six other departments jointly issued "Guiding Opinions on Financial Support to Boost and Expand Consumption" [1] - The central bank will conduct a 300 billion MLF operation tomorrow with a fixed amount and interest rate bidding, with a term of one year [1] - The Guangdong Provincial Government issued a work plan to promote sustained economic improvement and strengthen the domestic circulation [1] - Wang Yi spoke with Iranian Foreign Minister Amir-Abdollahian, who stated that a ceasefire had just been reached between Israel and Iran, but the situation remains unstable [1] International News - Trump expressed dissatisfaction with both Iran and Israel, claiming both sides violated the ceasefire agreement and warned Israel against dropping bombs [2] - Israeli Prime Minister Netanyahu reportedly rejected Trump's request to completely cancel strikes against Iran [2] - The Federal Reserve Chairman Powell stated that the current position allows for waiting before considering interest rate adjustments, with many potential paths for future rates [2] - Traders have reduced the likelihood of an early rate cut by the Federal Reserve [2] - The EU is prepared to impose retaliatory tariffs to negotiate a more favorable trade agreement with Trump [2] - In the Israel-Iran situation, the Israeli Defense Minister stated that Iran violated the ceasefire agreement and will retaliate against Tehran [2]

Core Viewpoint - The People's Bank of China and six other departments have jointly released 19 key measures to support and expand consumption, providing a clear "roadmap" for financial support in the consumption sector [1][2]. Group 1: Financial Support Measures - The 19 measures focus on enhancing consumer capacity, expanding financial supply in consumption sectors, tapping into residents' consumption potential, improving consumption supply efficiency, and optimizing the consumption environment and policy support [1][2]. - Financial institutions are encouraged to innovate and optimize credit products, increasing support for eligible consumption industry entities through first loans, renewals, credit loans, and medium to long-term loans [1][2]. Group 2: Targeted Financial Support Areas - The guidance emphasizes increasing credit allocation to wholesale and retail, catering and accommodation, domestic services, and elderly care sectors [2][3]. - It aims to support the recycling of scrapped vehicles, old household appliances, and home renovation projects, as well as enhance credit support for essential goods supply-related enterprises [2][3]. Group 3: Infrastructure and Supply Chain Support - Financial support extends to consumption infrastructure construction, including cultural tourism, sports facilities, and healthcare services, as well as logistics, warehousing, and supply chain projects [3]. - The measures also include incentives for financial institutions to issue bonds and provide low-cost funding to enhance the consumption supply chain [3]. Group 4: Systematic Approach to Consumption - A comprehensive approach is necessary to boost consumption, emphasizing the coordination of financial, fiscal, and industrial policies to enhance residents' consumption capacity [3][4]. - Policies such as entrepreneurial guarantee loans and innovative financial products tailored to family wealth management are being implemented to support employment and optimize insurance systems [3].

【重点关注】 ·中国人民银行等六部门发布19条举措加强金融支持提振和扩大消费 ·近日，国际星闪联盟秘书长曾国松在华为开发者大会上表示，在标准化方面，星闪标准引领产业生态 发展。星闪SLE国家标准预计今年正式发布；采用星闪SLB技术的《营运车辆全景环视系统技术要求和 试验方法》（商用车360度环视）是目前唯一满足多路高清视频传输的无线技术，该标准已成为交通运 输部行标，国家标准立项正在推进中。 ·广东：以外贸企业为重点统筹政策、资源、资金帮助企业消化库存、开拓市场、降低成本 ·伊朗军方否认停火后向以色列发射导弹 【国内要闻】 ·近日中国人民银行等六部门联合印发《关于金融支持提振和扩大消费的指导意见》。《意见》从支持 增强消费能力、扩大消费领域金融供给、挖掘释放居民消费潜力、促进提升消费供给效能、优化消费环 境和政策支撑保障等六个方面提出19项重点举措。《意见》指出，要夯实宏观经济金融基础，支持居民 就业增收，优化保险保障，积极培育消费需求。强化结构性货币政策工具激励，加大对服务消费重点领 域信贷支持，发展债券、股权等多元化融资渠道。 ·6月24日，外交部发言人郭嘉昆主持例行记者会。在回答有关涉芬太尼的问题时，郭 ...

为贯彻落实党中央、国务院决策部署，完善扩大消费长效机制，更好满足消费领域金融服务需 求，近日中国人民银行、国家发展改革委、财政部、商务部、金融监管总局、中国证监会等六 部门联合印发《关于金融支持提振和扩大消费的指导意见》（以下简称《意见》） 。 值得关注的是， 《意见》指出，积极发展股权融资。 支持生产、渠道、终端等消费产业链上 符合条件的优质企业通过发行上市、 "新三板"挂牌等方式融资 。 引导社会资本加大对服务消 费重点领域投资，通过 "长期资本" "耐心资本"满足长周期消费产业融资需求。 积极发挥私募 股权投资基金和创业投资基金作用，加大对处于种子期、初创期企业的股权投资 。鼓励有条件 的地方利用政府投资基金，以市场化方式参与康养、文旅等消费重点项目和数字、绿色等新型 消费领域。 点击文末链接：" 阅读原文 "获取 《关于金融支持提振和扩大消费的指导意见》全文。 2025母基金研究中心专项榜单评选正式开启 2025 40U40优秀青年投资人榜单揭晓 欢迎有意者扫描以下二维码，联系咨询母基金研究中心进行申报（ 请备注姓名 +机构名称， 以便通过验证 ）。 母基金研究中心（ www. china -f o ...