南都讯 记者杨文君 潘珊菊 发自北京 8月13日上午，国新办举行新闻发布会，介绍个人消费贷款贴息政 策和服务业经营主体贷款贴息政策有关情况。 于红介绍，对于已经签订的贷款，贷款经办机构可通过签订补充协议等方式来取得借款人的相关授权。 贷款经办机构将根据大家实际消费的情况，按照政策规定的贴息比例、贴息上限等要求来计算财政贴息 金额，在定期收取贷款利息的时候，直接扣减由财政承担的贴息资金，借款人可通过短信、手机APP等 方式知晓享受财政贴息的具体情况，不需要其他额外操作。 于红还举例称，如果一名消费者使用个人消费贷款，在政策执行期内花了20万元用于装修、购置家具家 电等消费品，假设该笔消费贷款年利率为3%，在没有贴息的情况下，他全年需要支付贷款利息是6000 元，享受个人消费贷款一个百分点的贴息以后，最高可减少利息支出2000元，这样就可以获得1/3的利 息补贴。 财政部金融司司长于红。 对于个人消费贷款贴息的具体操作，财政部金融司司长于红表示，借款人在申请个人消费贷款签订相关 贷款合同的同时，只需要增加一个操作，就是要授予贷款经办机构相关权限，允许其识别贷款发放账户 或者指定账户的交易信息。 8月12日，财政部 ...

南都讯记者杨文君 潘珊菊 发自北京 8月13日上午，国新办举行新闻发布会，介绍个人消费贷款贴息政策和服 务业经营主体贷款贴息政策有关情况。 8月12日，财政部联合商务部、中国人民银行、金融监管总局等相关部门发布了《个人消费贷款财政贴息政策 实施方案》和《服务业经营主体贷款贴息政策实施方案》，通过财政和金融的联动，支持促消费、扩内需。 财政部金融司司长于红介绍，总体来看，这两项贴息政策涉及的侧重点都是广覆盖、低门槛，也没有设置复 杂的申请程序，尽量让大家做到"省钱又省心"，只需要满足一些基本的、必要的条件，就可享受政策的支持， 确保精准发挥提振消费、扩大内需的政策效果。 财政部金融司司长于红。 关于居民享受个人消费贷款贴息的条件，于红表示，核心是要有真实的消费行为。从今年9月开始的一年时间 里，无论是日常生活性的小额消费，还是买车、装修、购置家具家电或手机电脑等较大额度的商品消费，或 者是旅游、养老、生育、教培、医疗等服务消费，只要是在相关机构获得了消费贷款，其中实实在在花出去 用于消费的部分，都可以享受贴息支持，每人单笔消费最高享受的贷款贴息是500元，多笔消费可以叠加享 受。 于红还详细介绍了具体规则：对于 ...

8月12日，财政部官网显示，财政部、中国人民银行、金融监管总局联合发布关于印发《个人消费贷款财政贴息政策实施方案》的通知。通知显示，2025年9月1日至2026年8月31日期间，居民 同日，浦发银行发布关于推进个人消费贷款与服务业经营主体贷款贴息工作的公告。公告内容显示，浦发银行为深入贯彻党中央、国务院决策部署，更好激发消费潜力、提升市场活力。将依法依 具体办理渠道、操作指引等实施细则，后续将通过上海浦东发展银行官方媒体渠道、营业网点、手机银行APP等进行公布，敬请留意。 ...

廖岷强调，贷款经办机构对借款人授信时，要基于借款人的真实需求和信用状况，不得借贴息政策诱导 消费者进行借贷。 北京商报讯（记者 宋亦桐）8月13日，国务院新闻办公室举行新闻发布会，介绍《个人消费贷款财政贴 息政策实施方案》和《服务业经营主体贷款贴息政策实施方案》政策有关情况，财政部副部长廖岷指 出，这两项贴息是直达用户、惠民、惠企的政策，财政部将配合金融监管部门，督促贷款经办机构要认 真做好贷款管理，维护借款人的合法权益，确保政策执行不走样。 ...

于红表示，对于单笔5万元以下的消费，按照实际金额计算贴息，多笔叠加以后，在同一家贷款机构最 高可以享受贴息1000元；对于单笔5万元以上的消费，以5万元为上限来计算贴息，也可以多笔叠加，加 上小额消费的贴息以后，在同一家贷款机构最高可享受贴息是3000元。 北京商报讯（记者 宋亦桐）8月13日，国务院新闻办公室举行新闻发布会，介绍《个人消费贷款财政贴 息政策实施方案》和《服务业经营主体贷款贴息政策实施方案》政策有关情况，财政部金融司司长于红 指出，居民享受个人消费贷款贴息的条件，核心是要有真实的消费行为。 于红介绍，从今年9月开始的一年时间里，无论是日常生活性的小额消费，还是买车、装修、购置家具 家电或手机电脑等较大额度的商品消费，或者是旅游、养老、生育、教培、医疗等服务消费，只要是在 相关机构获得了消费贷款，其中实实在在花出去用于消费的部分，都可以享受贴息支持，每人单笔消费 最高享受的贷款贴息是500元，多笔消费可以叠加享受。 ...

8月13日，中国银行发布关于落实个人消费贷款财政贴息工作的公告。公告内容显示，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，中国银行将全力落实并严格执行《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红利直达广大消费 者，为激发消费潜力贡献金融力量。中国银行将遵循市场化、法治化原则，于2025年9月1日开始，针对 符合政策条件的个人消费贷款开展财政贴息工作。后续将通过中国银行官微、官网、营业网点等渠道公 布办理流程等实施细则，敬请关注。 中国银行温馨提示：我行在办理个人消费贷款财政贴息业务过程中，不会委托任何第三方办理，且不收 取任何服务费用，请谨防诈骗，保护个人信息及财产安全。 搜索 复制 8月12日，财政部官网显示，财政部、中国人民银行、金融监管总局联合发布关于印发《个人消费贷款 财政贴息政策实施方案》的通知。通知显示，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 ...

Core Points - The Ministry of Finance, in collaboration with other departments, has introduced two subsidy policies for personal consumption loans and service industry loans aimed at boosting consumer spending [1][3] - The personal consumption loan subsidy will benefit a wide range of consumers, with a subsidy rate of 1% applicable to loans used for various consumption purposes, including daily expenses and significant purchases like cars and education [1][3] - The service industry loan subsidy targets eight key sectors, including dining, health, and tourism, with a similar subsidy rate and a maximum loan amount of 1 million yuan per entity [3] Summary by Category Personal Consumption Loan Subsidy - This is the first time the central government has provided subsidies for personal consumption loans, directly benefiting consumers [1] - The subsidy applies to loans up to 50,000 yuan for daily expenses and larger loans for specific categories such as home purchases and education [1] - The subsidy rate of 1% is approximately one-third of the current commercial bank loan interest rates, and the policy will be in effect for one year [1][3] Service Industry Loan Subsidy - The subsidy is aimed at service industry entities in sectors like dining, health, and entertainment, with a focus on enhancing consumer services [3] - Each entity can receive a maximum subsidy of 10,000 yuan on loans up to 1 million yuan, with a 1% subsidy rate for one year [3] - The policies are designed to be straightforward, minimizing barriers for consumers and businesses to access the benefits [3]

8月12日，财政部官网显示，财政部、中国人民银行、金融监管总局联合发布关于印发《个人消费贷款 财政贴息政策实施方案》的通知。通知显示，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息。 同日，广发银行发布关于推进个人消费贷款贴息工作的公告称，为深入贯彻落实党中央、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，践行金融工作的政治性、人民性，降低居民消费信贷成 本，该行积极响应并严格执行《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）精神及有关要求，依法合规推进个人消费贷款贴息工作。 该行将按照市场化、法治化原则，自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。 相关事项将及时在广发银行官方 ...

8月13日，财政部副部长廖岷在国新办新闻发布会上表示，个人消费贷款财政贴息政策是中央财政首次 对个人消费贷款进行贴息的政策，将直接惠及广大人民群众。（新华财经） ...

Report Industry Investment Ratings - **Macro Finance**: Index futures are recommended to buy on dips, and treasury bonds are expected to move sideways [1][6] - **Black Building Materials**: Steel rebar is advised to wait and see, iron ore and coking coal & coke are expected to move sideways [1][8][9] - **Non - ferrous Metals**: Copper is for range trading or waiting and seeing, aluminum is recommended to buy on dips after a pullback, nickel is for waiting and seeing or shorting on rallies, tin, gold, and silver are for range trading [1][11][16][18] - **Energy Chemicals**: PVC, caustic soda, styrene, rubber, urea, and methanol are expected to move sideways, polyolefins are for wide - range sideways movement, and soda ash is for shorting the 09 contract and going long on the 05 contract [1][20][23][26] - **Cotton Textile Industry Chain**: Cotton and cotton yarn are for sideways adjustment, apples and jujubes are expected to move sideways with an upward bias [1][37][38] - **Agricultural and Livestock**: Pigs and eggs are recommended to short on rallies, corn is for wide - range sideways movement, soybean meal is for limited upside, and oils are expected to move sideways with an upward bias [1][40][43][45] Core Views - The overall market is affected by various factors such as economic data, policies, and international events. For example, the expectation of interest rate cuts in September has a positive impact on the index, and the supply - demand relationship and cost factors in each industry determine the price trends of different commodities [6][21][41] Summary by Directory Macro Finance - **Index Futures**: Due to factors like the lower - than - expected US CPI in July, the expectation of a September interest rate cut, and positive policies in China, the index is expected to be strong in the medium - term. Although it may oscillate in the short - term, it is still a good opportunity to go long on pullbacks [6] - **Treasury Bonds**: The bond market has shown some characteristics of weak assets being hard to rise and easy to fall. Although the current yield has attracted some attention, the market adjustment may not be fully cleared, and attention should be paid to the market disturbance caused by the unstable liabilities of trading institutions [6] Black Building Materials - **Steel Rebar**: The futures price oscillated upward on Tuesday. The supply - demand is relatively balanced in the short - term, and the price is expected to move sideways. Attention should be paid to the implementation of crude steel production restrictions and the resumption of coking coal production [8] - **Iron Ore**: The futures price was strong on Tuesday. Although there is an expectation of a decline in hot metal demand, considering the possible macro - positive factors in the fourth quarter, the iron ore futures are expected to move sideways with an upward bias and can be used as a long leg when shorting other black varieties [8] - **Coking Coal & Coke**: The coking coal market is short - term sideways with an upward bias but the marginal support is weakening. The coke market is stable with an upward bias, but the short - term fluctuation risk is increasing. Attention should be paid to relevant policies and inventory changes [9] Non - ferrous Metals - **Copper**: Due to positive economic data in China, the expectation of interest rate cuts, and low inventory, copper prices are supported at high levels. However, it is in the off - season, and the downstream demand is weak, so it is expected to move sideways in the range of 78000 - 79500 yuan/ton [11] - **Aluminum**: Affected by factors such as the decrease in bauxite supply and the increase in electrolytic aluminum production capacity, the market is expected to move sideways in the short - term. It is recommended to buy on dips in August [13] - **Nickel**: In the medium - to - long - term, the nickel industry has an oversupply situation. The mine support is weakening, and the price is expected to move sideways. It is recommended to short on rallies, with the main contract reference range of 118000 - 124000 yuan/ton [16] - **Tin**: The supply - demand gap of tin ore is improving, but it is in the off - season, and the downstream demand is weak. It is recommended to conduct range trading, with the reference range of the SHFE tin 09 contract being 25.5 - 27.5 million yuan/ton [17] - **Gold and Silver**: Affected by factors such as the new US tariff, employment data, and the expectation of interest rate cuts, precious metal prices are expected to have support at the bottom. It is recommended to conduct range trading, with the reference range of the SHFE silver 10 contract being 8700 - 9500 and the SHFE gold 10 contract being 770 - 820 [18] Energy Chemicals - **PVC**: The cost is at a low level, the supply is high, and the demand is weak. The export support may weaken. It is expected to move sideways in the range of 4900 - 5100 for the 09 contract [20][21] - **Caustic Soda**: The supply is high, and the demand has rigid support but the growth rate is slowing down. The 09 contract is expected to move sideways in the range of 2400 - 2550, and it is recommended to go long on dips for the peak - season contracts [23] - **Styrene**: The cost - profit situation, supply, and demand are all facing challenges. The macro - environment is relatively warm, and the price is expected to move sideways in the range of 7100 - 7400 [26] - **Rubber**: Due to the strengthening of raw material price expectations and cost support, and the continuous decline in inventory, the rubber price is expected to be strong in the short - term, with the reference range of 15200 - 15600 [27][28] - **Urea**: The supply is decreasing, the agricultural demand is scattered, and the demand for compound fertilizers is increasing. The price is expected to be supported at the bottom and restricted at the top, and it is recommended to conduct range trading [31] - **Methanol**: The supply is increasing slightly, the demand from the methanol - to - olefins industry is stable, and the inventory is decreasing. It is expected to move sideways in the short - term affected by the overall industrial product price fluctuations [32] - **Polyolefins**: In the traditional off - season, the supply is increasing, the demand is weak, and the inventory is accumulating. It is expected to move sideways in the short - term, with the L2509 contract in the range of 7200 - 7500 and the PP2509 contract in the range of 6900 - 7200 [33][34] - **Soda Ash**: The spot market is weak, the supply is increasing, and it is recommended to short the 09 contract and go long on the 05 contract [36] Cotton Textile Industry Chain - **Cotton and Cotton Yarn**: The global cotton supply and demand are expected to increase in the new season. The downstream consumption is light, but the spot is tight. The price is expected to move sideways [37] - **Apples**: Based on low inventory and growth factors, apples are expected to maintain a high - level sideways movement. Attention should be paid to the quality and price trends of early - maturing apples [38] - **Jujubes**: With the improvement of the trading atmosphere in the sales area and the increase in good - quality prices, jujubes are expected to rise in the short - term [38] Agricultural and Livestock - **Pigs**: In the short - term, the supply is increasing, and the demand is weak. The price is expected to bottom out and oscillate. In the medium - term, there may be a phased rebound, but the long - term supply pressure remains. Different contracts have different trading strategies [40][41] - **Eggs**: The current spot price has a rebound expectation, but the 09 contract basis is at a low level, and the rebound space is limited. Different contracts in the fourth quarter have different trading strategies, and attention should be paid to the elimination situation [42] - **Corn**: The short - term supply and demand are relatively balanced, and the price is expected to move sideways in the range of 2250 - 2300. Attention should be paid to policies and substitute products [43][44] - **Soybean Meal**: In the short - term, the supply is abundant, and the price increase is limited. In the long - term, due to cost increases and phased supply - demand contradictions, it is recommended to go long on dips for relevant contracts [45][47] - **Oils**: Affected by factors such as the MPOB report and the expectation of Indonesia's B50 policy, the price is expected to move sideways with an upward bias. It is recommended to be cautious when chasing the rise and pay attention to the arbitrage strategy of rapeseed oil [48][54]