Core Viewpoint - The People's Bank of China and six other departments have jointly issued guidelines to enhance financial support for boosting and expanding consumption, emphasizing the importance of consumption as a key driver for economic growth in the context of shifting from external to internal demand [1][4]. Group 1: Key Areas of Financial Support - The guidelines identify three key areas for financial support: commodity consumption, service consumption, and new-type consumption [4]. - For commodity consumption, financial institutions are encouraged to provide multi-channel and multi-method financial services for the replacement of old consumer goods [4]. - In service consumption, the focus is on combining consumption promotion with improving people's livelihoods, increasing credit support for key service sectors, and offering personalized financial products [4]. Group 2: Directions for Financial Efforts - The guidelines outline three important directions for financial efforts: enhancing residents' consumption capacity, improving consumption supply efficiency, and strengthening basic financial services [4]. - Increasing residents' income levels is highlighted as a crucial support for stimulating consumption potential, with an emphasis on implementing entrepreneurial guarantee loan policies and innovating wealth management financial products [6]. - The guidelines also stress the importance of optimizing consumption payment services, establishing a credit system in the consumption sector, and enhancing consumer rights protection to create a favorable consumption environment [6].