Core Viewpoint - The Shanghai Municipal Government has issued a set of measures aimed at enhancing the quality and efficiency of the service industry and boosting consumption through 28 policy initiatives across seven areas, with a specific focus on the financial sector [1]. Financial Sector Initiatives - The measures encourage financial institutions to innovate and develop financial products tailored to new consumption trends, such as holiday, night, nostalgic, and anime economies, and to implement diverse card discount activities during consumption festivals [5]. - Personal consumption loan interest subsidy policies will be implemented, and the application process for auto loans will be optimized by relaxing conditions and reasonably determining loan issuance ratios, terms, and interest rates [5]. - The development of credit products for large consumer areas like green smart home decoration will be expanded, and mobile payment services will be enhanced [5]. - The measures promote the securitization of retail loans such as personal consumption and credit cards to revitalize existing credit stock [5]. Insurance Product Support - The government plans to upgrade existing inclusive insurance products and increase insurance coverage for specific groups and small micro-enterprises in the service industry [6]. - There will be an expansion of product offerings in travel, accident, and health insurance, along with efforts to synchronize medical insurance and commercial health insurance settlements in major hospitals [6]. - The development of third-pillar pension insurance will be encouraged, with a focus on creating diverse personal pension products and innovative commercial pension offerings [6]. Financial Support for Business Entities - The measures include utilizing policies like service consumption and pension refinancing, as well as government financing guarantees, to support various business entities with loans [6]. - Financial institutions are encouraged to innovate financing products based on expected revenue rights from service contracts and explore new financing models such as ticket revenue pledges [6]. - There will be an emphasis on expanding pledge financing for accounts receivable and intellectual property, as well as supply chain finance [6]. Infrastructure Financial Support - Financial institutions are encouraged to support key projects in the consumption sector, including the renovation of commercial facilities and community service centers, with favorable loan conditions [6]. - The issuance of real estate investment trusts (REITs) for consumption infrastructure will be supported, along with the application of local government special bonds for eligible projects [6]. Overall Strategy - The focus of the measures is on optimizing supply and expanding consumption simultaneously, aiming to cultivate new growth points in service supply and consumer demand to promote high-quality development in the service industry [7]. - The government emphasizes the importance of financial services in stimulating industry and activating consumption, with a growing demand for diverse financial services in wealth management and commercial insurance [7]. - Future efforts will prioritize the integration of service supply and consumer demand, enhancing digital, green, and intelligent consumption, and fostering a favorable environment for sustained consumption growth [7].

Core Viewpoint - Shanghai has released 28 measures to promote the quality improvement and expansion of the service industry and consumption, focusing on optimizing supply and expanding demand to drive mutual growth [1][2]. Group 1: Background and Objectives - The measures are in response to the 20th National Congress of the Communist Party's call to expand domestic demand and enhance service consumption potential, with service industry value added growing by 5.9% and retail sales increasing by 5% in the first eleven months of 2022, both exceeding national averages [2][3]. - The aim is to create new growth points in service supply and consumption demand, facilitating high-quality development in the service sector [2][3]. Group 2: Key Measures - The measures focus on six key sectors: finance, information services, transportation, cultural and entertainment, life services, and inspection and certification, which together account for approximately 60% of the city's service industry value added and 70% of service consumption [5]. - Financial services will be enhanced by developing innovative products tailored to new consumption patterns, including personal consumption loans and insurance products [12][13]. - E-commerce platforms will be encouraged to shift from price competition to quality competition, driving offline consumption and enhancing service quality [14]. Group 3: Transportation and Cultural Services - Transportation services will be improved to connect various consumption scenarios, with initiatives to enhance service quality and develop diverse products [15][16]. - Cultural and entertainment sectors will see increased support for high-quality exhibitions and events, with measures to enhance the impact of sports events and promote the gaming and esports industry [17][18]. Group 4: Life Services and Quality Improvement - Life services will focus on improving the quality of home care, elderly care, and healthcare services, with specific initiatives to enhance service standards and accessibility [20][21][22]. - The measures aim to create a virtuous cycle of quality supply and consumer demand in life services [20]. Group 5: Brand and Standards Enhancement - The initiative includes strengthening brand certification and establishing a robust standard system to enhance consumer trust and service quality [23][24]. - The inspection and certification industry will be supported to improve service capabilities and foster a reliable consumption environment [24]. Group 6: Support and Talent Development - The government will enhance financial support and policy coordination to stimulate service industry growth and consumer spending [25][26]. - Talent attraction and development will be prioritized to ensure a skilled workforce in the service and consumption sectors [26].

责任编辑：王馨茹 1月13日金融一线消息，上海市发布《上海市促进服务业提质增效和消费提振扩容联动发展的若干措 施》，其中提到，金融服务是服务消费的重要内容，更对助力行业、激活消费具有很强的支撑撬动作 用。目前财富管理、商业保险等金融服务消费需求日益多样化，养老等消费领域金融需求日益增长，将 推动"消费场景+消费金融"深度融合，支持开发消费信贷、商业保险等金融产品，以金融新供给激发行 业新增量、消费新需求。包括丰富个人消费金融服务，支持保险产品和业务创新，加强经营主体金融支 持，强化消费基础设施金融支持等4项举措。 1月13日金融一线消息，上海市发布《上海市促进服务业提质增效和消费提振扩容联动发展的若干措 施》，其中提到，金融服务是服务消费的重要内容，更对助力行业、激活消费具有很强的支撑撬动作 用。目前财富管理、商业保险等金融服务消费需求日益多样化，养老等消费领域金融需求日益增长，将 推动"消费场景+消费金融"深度融合，支持开发消费信贷、商业保险等金融产品，以金融新供给激发行 业新增量、消费新需求。包括丰富个人消费金融服务，支持保险产品和业务创新，加强经营主体金融支 持，强化消费基础设施金融支持等4项举措。 责 ...