Core Viewpoint - The newly announced loan interest subsidy policies aim to stimulate consumer spending and support service industry operators by providing a 1% annual interest subsidy, with the central government covering 90% of the subsidy costs for one year [1][12][41]. Summary by Sections Policy Overview - The two subsidy policies target loans to eight major service sectors and personal consumption loans used for actual consumption [1]. - The policies will undergo evaluation after one year to consider potential extensions or expansions [2][14]. Application Conditions - Personal consumption loans must be used for genuine consumption; misuse for non-consumption purposes will disqualify borrowers from receiving subsidies [2][40]. - Loans for service industry operators must be used for legitimate business activities, focusing on improving consumer infrastructure and service capabilities [2][41]. Loan Management and Oversight - Loan interest deductions and subsidy applications are managed by the lending institutions, requiring no additional actions from borrowers [3][10]. - Financial regulatory bodies will monitor the implementation of the subsidy policies to ensure compliance and prevent misuse [4][15]. Specific Conditions for Borrowers - For personal consumption loans, borrowers can receive a maximum subsidy of 500 yuan per transaction, with a cumulative maximum of 1,000 yuan for multiple transactions under 50,000 yuan, and up to 3,000 yuan for transactions over 50,000 yuan [7][22]. - Service industry operators can enjoy subsidies for loans received from March 16 to the end of the year, with a maximum duration of one year [8]. Financial Institutions Involved - The subsidy policies involve major national banks and select consumer loan institutions, ensuring broad coverage and efficient processing [12][32][33]. Economic Impact - The policies are expected to enhance consumer spending, with service consumption projected to grow significantly, contributing to overall economic recovery [11][39]. - The 1% subsidy is estimated to leverage 100 yuan in loans for consumer spending, demonstrating a strong multiplier effect [12][42]. Future Directions - The government plans to continue enhancing the synergy between fiscal and financial policies to maximize the impact of public funds on stimulating consumption [39][42].

Core Viewpoint - The implementation of two interest subsidy policies aims to leverage fiscal funds to enhance the vitality of the consumption market, particularly in service consumption [1][2][3] Summary by Relevant Sections Policy Overview - The State Council has introduced the "Personal Consumption Loan Interest Subsidy Policy" and the "Service Industry Operating Entity Loan Interest Subsidy Policy" to support consumption and expand domestic demand [1][3] - These policies are designed to reduce credit costs for residents and businesses, thereby stimulating consumption and facilitating economic circulation [1][3] Targeted Areas - The personal consumption loan subsidy focuses on the demand side, while the service industry loan subsidy targets the supply side, promoting economic stability from both ends [2] - The personal consumption loan subsidy applies to loans used for various consumer needs, including daily expenses and significant purchases like cars and education, with a subsidy rate of 1% [3][4] Growth Potential in Service Consumption - Service consumption in China shows significant growth potential, with a projected annual increase of 9.6% in per capita service consumption expenditure from 2020 to 2024 [4] - By 2024, service consumption is expected to account for 46.1% of total per capita consumption expenditure, contributing 63% to the growth of resident consumption expenditure [4] Employment and Economic Impact - The service sector is a major employment driver, with service industry employment projected to reach 48.8% of total employment by 2024 [6] - The interest subsidy policies are expected to lower financing costs for service providers, enhancing their confidence and stimulating growth in employment [6] Implementation and Oversight - The policies are designed to be widely accessible with low barriers to entry, ensuring that they effectively benefit the public [7] - Financial institutions are required to adhere to strict oversight and ensure the accurate processing of subsidy applications [8] Future Considerations - The People's Bank of China plans to guide financial institutions in enhancing consumer finance products and simplifying approval processes to better meet consumer needs [9] - An evaluation of the policies' effectiveness will be conducted post-implementation, with potential adjustments to the support scope and duration based on the findings [9]

（原标题：韩零售业回暖） 统计厅3日数据显示，今年二季度零售销售指数（不变价）为101.8（2020年=100），同比下降 0.2%，已连续13个季度下滑，但降幅为2022年二季度以来最小，接近持平。二季度数据尚未反映政府7 月起发放的民生消费券，预计在三季度将带动零售销售14个季度来首次转正。 服务业生产同样回升，二季度同比增长1.4%，为去年二季度以来最大增幅。消费者信心指数自去 年12月因戒严事件跌至88.2后，7月已升至110.8，实现连续四个月上涨，显示消费回暖势头明显。 韩国《中央日报》8月4日报道，韩零售销售创历史最长连续负增长纪录后出现回暖迹象。 ...

金融促消费再迎政策利好。8月12日，财政部、民政部、人力资源社会保障部、商务部等九部门联合发 布《服务业经营主体贷款贴息政策实施方案》；同日财政部、中国人民银行、金融监管总局三部门亦同 步印发《个人消费贷款财政贴息政策实施方案》。两项重磅措施的落地，标志着从服务业经营主体到个 人消费者的贴息政策"组合拳"正式启动。具体来看，服务业经营主体贷款贴息政策聚焦餐饮、养老、托 育等8类消费领域；而个人消费贷款财政贴息政策则为中央层面首次实施，直接面向消费者个人，通过 降低消费信贷成本激活需求端潜力。两项政策在贴息比例设定上保持一致：年贴息比例均为1个百分 点，且贴息资金由中央财政承担90%、省级财政承担10%，既体现政策力度，又兼顾央地协同。 两大贴息"礼包"同步落地 2024年中央经济工作会议、2025年政府工作报告均明确提出大力提振消费、提高投资效益，全方位扩大 国内需求。2025年3月，中央办公厅、国务院办公厅印发《提振消费专项行动方案》，要求发挥财政政 策引导带动作用，2025年对符合条件的个人消费贷款给予财政贴息。为落实党中央、国务院决策部署， 财政部牵头制定了两项贴息政策，于7月31日经国务院第65次常务 ...

为充分发挥财政政策引导带动作用，推动降低服务业经营主体融资成本，助力激发消费市场活力， 以高质量供给创造有效需求，财政部等九部门近日联合印发《服务业经营主体贷款贴息政策实施方 案》，明确对符合条件的消费领域服务业经营主体贷款给予财政贴息。 根据方案，同时符合以下条件的贷款可享受贴息政策：一是由经办银行向餐饮住宿、健康、养老、 托育、家政、文化娱乐、旅游、体育8类消费领域服务业经营主体发放。二是在《提振消费专项行动方 案》公开发布之日（2025年3月16日）至2025年12月31日期间签订贷款合同且相关贷款资金发放至经营 主体。三是贷款资金合规用于改善消费基础设施和提升服务供给能力。民办非企业法人的养老服务机构 同等享受贷款贴息政策。政策到期后，可根据实施效果研究延长政策期限、扩大支持范围。 对于贴息标准，方案明确，年贴息比例为1个百分点，且最高不超过贷款合同利率的50%，中央财 政、省级财政分别承担贴息资金的90%、10%。贷款合同利率需要符合相应利率自律约定。政策执行期 内，每名借款人在一家贷款经办机构可享受的全部个人消费贷款累计贴息上限为3000元（对应符合条件 的累计消费金额30万元），其中在一家贷款经 ...

● 本报记者 彭扬 中国证券报记者8月12日获悉，财政部、人民银行、金融监管总局三部门日前制定了《个人消费贷款财 政贴息政策实施方案》，财政部、民政部等九部门制定了《服务业经营主体贷款贴息政策实施方案》， 两项贷款贴息政策实施方案于12日发布。 财政部有关负责人表示，通过实施个人消费贷款财政贴息政策，进一步强化财政金融协同联动，以"真 金白银"支持居民消费，降低居民消费信贷成本，在激发居民消费潜力的同时，支持扩大内需，同此前 出台的消费品以旧换新等政策，以及财政部同期出台的服务业经营主体贷款贴息政策形成"组合拳"，从 需求端和供给端协同发力，加力提振消费，巩固经济持续向好发展态势。 降低个人消费贷款成本 《个人消费贷款财政贴息政策实施方案》提出，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 ...

Group 1: New Business Entities - In the first half of the year, a total of 13.278 million new business entities were established in China, including 4.62 million new enterprises, 8.629 million new individual businesses, and 29,000 new farmers' cooperatives, indicating stable growth across various business types [1] - The number of newly established private enterprises reached 4.346 million, representing a year-on-year increase of 4.6% [2] - The number of newly established foreign-funded enterprises was 33,000, with a year-on-year growth of 4.1% [2] Group 2: Foreign Investment - Actual foreign investment in the manufacturing sector amounted to 109.06 billion yuan, while the service sector attracted 305.87 billion yuan [2] - High-tech industries saw actual foreign investment of 127.87 billion yuan, with significant growth in e-commerce services (127.1%), pharmaceutical manufacturing (53%), aerospace equipment manufacturing (36.2%), and medical device manufacturing (17.7%) [2] - Investment from ASEAN countries increased by 8.8%, while Switzerland, Japan, the UK, Germany, and South Korea saw respective increases of 68.6%, 59.1%, 37.6%, 6.3%, and 2.7% [2] Group 3: Economic Structure and Growth - The growth in new business entities reflects a shift in economic structure, with 601,000 new entities in the primary industry, 965,000 in the secondary industry, and 1.1712 million in the tertiary industry [3] - By the end of June, there were 25.361 million registered "new economy" enterprises, accounting for 40.2% of the total, with a year-on-year growth of 6.6% [3] - The value added by the "new economy" in 2024 was projected at 24.2908 trillion yuan, growing by 6.7% year-on-year, and accounting for 18.01% of GDP [3] Group 4: Cultural Industry Highlights - The cultural industry showed significant growth, with new enterprises in the "cultural, sports, and entertainment" sector increasing by 17.5%, leading all sectors of the national economy [5] - Revenue from large-scale cultural and related industries reached 71.292 billion yuan, a year-on-year increase of 7.4%, while total profits grew by 19.3% to 6.298 billion yuan [6] - The cultural new economy, characterized by 16 sub-sectors, generated 31.564 billion yuan in revenue, growing by 13.6% year-on-year, outpacing the overall growth of large-scale cultural enterprises by 6.2 percentage points [6]

Core Viewpoint - The introduction of personal consumption loan interest subsidies and service industry loan interest subsidies aims to stimulate domestic demand and enhance consumer spending, as part of the government's broader economic strategy [1][2]. Group 1: Personal Consumption Loan Subsidy Policy - The personal consumption loan subsidy policy will be effective from September 1, 2025, to August 31, 2026, allowing residents to receive interest subsidies on personal consumption loans used for specific consumption purposes [1][2]. - The subsidy covers loans for both small purchases (below 50,000 yuan) and larger expenditures such as home appliances, automobiles, education, and healthcare, with a maximum subsidy limit of 3,000 yuan per borrower [2][3]. - The annual subsidy rate is set at 1%, with the central and provincial governments covering 90% and 10% of the subsidy costs, respectively [2][3]. Group 2: Service Industry Loan Subsidy Policy - The service industry loan subsidy policy targets loans issued to service sector businesses in areas such as hospitality, healthcare, and entertainment, with a maximum loan amount of 1 million yuan eligible for subsidies [1][3]. - The policy stipulates that loans must be signed between March 16, 2025, and December 31, 2025, and funds must be used to improve consumer infrastructure and service capabilities [3][4]. - A total of 21 national banks are designated as the lending institutions for these service industry loans, and strict compliance measures are in place to prevent misuse of funds [4].

Group 1 - The core viewpoint of the news is that Linyi City has made significant progress in increasing skilled talent, with 18,600 new skilled workers added in the first half of the year, including 13,100 high-skilled workers [1][2] - The growth of skilled talent in Linyi City is attributed to four main efforts: reforming vocational education, enhancing skills training, implementing incentive mechanisms, and leveraging competition effects [1][2] - Linyi City has established a collaborative education mechanism involving government, schools, and enterprises, with 15 vocational schools serving 51,000 students and achieving a graduate employment rate of over 98% for three consecutive years [1] Group 2 - The city has selected seven quality online training platforms for skills and entrepreneurship training, and has pioneered a "community night school" model to promote skills training directly in communities [1][2] - A total of 402 companies have registered for self-evaluation of skilled talent across nearly 20 industries, with 116,300 evaluations conducted [2] - The "Labor Star" vocational skills competition has been held for 17 consecutive years, with over 1,200 competition categories and more than 1.6 million participants, awarding titles to 1,476 individuals [2]

【重点关注】 ·《中美斯德哥尔摩经贸会谈联合声明》发布中美就24%关税继续暂停等达成共识 ·财政部等三部门发布个人消费贷款财政贴息政策实施方案 ·九部门：8类符合条件的服务业经营主体贷款可享贴息 【国内要闻】 ·中美双发发布《中美斯德哥尔摩经贸会谈联合声明》。美国将继续修改2025年4月2日第14257号行政令 中规定的对中国商品（包括香港特别行政区和澳门特别行政区商品）加征从价关税的实施，自2025年8 月12日起再次暂停实施24%的关税90天，同时保留按该行政令规定对这些商品加征的剩余10%的关税。 ·国务院关税税则委员会称，自2025年8月12日12时01分起，调整《国务院关税税则委员会关于对原产于 美国的进口商品加征关税的公告》（税委会公告2025年第4号）规定的加征关税措施，在90天内继续暂 停实施24%的对美加征关税税率，保留10%的对美加征关税税率。 ·财政部等三部门发布《个人消费贷款财政贴息政策实施方案》。方案提出，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 ...