Core Insights - The article highlights the significant role of financial support in revitalizing the service consumption sector in Aba Prefecture, with a focus on tourism, hospitality, and cultural industries [1] Group 1: Financial Support in Hospitality - The hospitality sector in Aba Prefecture has seen a transformation due to a 5 million yuan loan from China Bank, enabling a local hotel to renovate and enhance its services, thus improving tourist feedback [2] - As of the end of May, the total loan balance for the accommodation and catering industry in Aba Prefecture reached 1.532 billion yuan, strengthening the region's tourism reception capacity [2] Group 2: Cultural and Creative Industries - The cultural and creative sector has benefited from a new financial initiative that allows businesses to access loans without traditional collateral, resulting in a 75.17% year-on-year increase in loans for cultural, sports, and entertainment industries [3] - The "one-line service 'code' loan" initiative has facilitated quick financing for cultural enterprises, exemplified by a company receiving 3 million yuan through a streamlined process [3] Group 3: Enhancing Local Healthcare Services - Local healthcare providers, such as Hu Dental Clinic, have improved their service capabilities through a 10 million yuan loan from Agricultural Bank, addressing liquidity issues and enhancing patient care [4] - The "one circle, three street leaders" model established by the People's Bank of China in Aba Prefecture has successfully facilitated credit access for over 7,900 local businesses, amounting to 1.957 billion yuan in credit [4]

Group 1 - The acceleration of service consumption growth is a necessary trend for economic transformation and a key area for expanding domestic demand [1] - The People's Bank of China has established a 500 billion yuan service consumption and elderly re-lending program to encourage financial institutions to support key service sectors [1] - From January to April, service retail sales increased by 5.1% year-on-year, showing a recovery trend [1] Group 2 - There is a significant gap between China's service consumption level and that of developed economies, indicating greater future development potential [1] - Insufficient high-quality supply is a key factor restricting the release of service consumption potential, with issues in standardization, market regulation, and service quality [1][2] - Strengthening standard guidance and developing service consumption standards are necessary to promote the growth of service consumption [2] Group 3 - The financial service sector plays a crucial role in supporting service consumption, with a well-established multi-level consumer finance service system [2] - Financial institutions are innovating diverse consumer credit products to stimulate market vitality, particularly in areas like tourism and dining [2][4] - There is a need for financial institutions to enhance their understanding of different industry characteristics and optimize financial services for the service sector [5]