8月13日，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。 财政部副部长廖岷介绍，个人消费贷款贴息政策直接惠及广大人民群众，是中央财政首次对个人消费贷 款进行贴息。制定个人消费贷款和消费领域的服务业经营主体贷款两项贴息政策，目的是要通过进一步 强化财政和金融协同，撬动更多信贷资金精准投向消费领域，降低居民和经营主体的信贷成本，在保障 和改善民生的同时，通过提振消费畅通经济循环。 激发消费潜力 8月12日，财政部联合中国人民银行、金融监管总局等相关部门发布《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》，通过财政和金融联动，支持促消费、扩内需。 廖岷介绍，个人消费贷款贴息政策贴息对象为居民使用的相关贷款经办机构个人消费贷款中实际用于消 费的部分，包括单笔5万元以下日常消费，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、电子产品和健康医疗等重点领域消费，贴息比例为1个百分点，大体为当前商业银 行个人消费贷款利率水平的1/3，政策实施期为1年。 这两项贴息政策有利于激发消费潜力，提升市场活力，但同时，社会非常关心享受政 ...

Core Viewpoint - The Chinese government has introduced two subsidy policies for personal consumption loans and service industry loans to stimulate consumption and expand domestic demand, reflecting the government's commitment to enhancing consumer spending [1][2]. Group 1: Policy Details - The two subsidy policies are the "Personal Consumption Loan Subsidy Policy" and the "Service Industry Operating Entity Loan Subsidy Policy," which aim to support consumption and reduce credit costs for residents and businesses [1][2]. - The subsidy for personal consumption loans is set at 1%, which could potentially leverage 100 times the amount in loans for consumer spending [2]. - The subsidy period for both policies is one year, with a focus on various consumer needs, including daily expenses and significant purchases like home appliances and vehicles [2]. Group 2: Economic Impact - The policies are designed to enhance the vitality of the consumption market, particularly in the service sector, by addressing both demand and supply sides [1][3]. - Service consumption in China has significant growth potential, with per capita service consumption expenditure expected to reach 46.1% of total consumption by 2024, contributing 63% to the growth of consumer spending [3][4]. - The policies aim to improve the quality of service supply to meet the diverse and personalized needs of consumers, thereby promoting overall economic stability [5][6]. Group 3: Implementation and Oversight - The policies emphasize broad coverage and low thresholds for access, ensuring that the application process is straightforward and efficient for consumers [6][7]. - Financial institutions are required to adhere to strict regulatory measures to ensure the proper use of subsidy funds and protect consumer rights [7][8]. - The People's Bank of China is guiding financial institutions to enhance the integration of consumption scenarios and improve the attractiveness of consumer financial products [8].

Group 1 - The core viewpoint of the news is the introduction of personal consumption loan interest subsidies and service industry loan interest subsidies by the central government, marking the first implementation of such policies at the central level [1][3] - The personal consumption loan interest subsidy targets loans used for consumption, including daily expenses under 50,000 yuan and larger purchases in key areas such as automobiles, education, and healthcare, with a subsidy rate of 1 percentage point [3][5] - The service industry loan interest subsidy focuses on loans to service providers in sectors like dining, healthcare, and tourism, with a similar subsidy rate and a maximum loan amount of 1 million yuan per entity [5] Group 2 - The policies aim to reduce credit costs and enhance coverage, benefiting both consumers and service providers, thereby improving the quality of goods and services available to residents [5] - After the expiration of these policies, relevant departments will evaluate their effectiveness and consider extending the policy duration or expanding the support scope [5]

根据政策，2025年9月1日至2026年8月31日期间，个人消费贷款贴息范围包括单笔5万元以下日常消费， 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、电子产品和健康医疗 等重点领域消费，贴息比例为1个百分点，约为当前商业银行个人消费贷款利率水平的1/3。 央视网消息（新闻联播）：国务院新闻办公室今天（8月13日）举行新闻发布会，财政部、商务部、中 国人民银行、金融监管总局有关负责人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。 服务业经营主体贷款贴息聚焦餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育等8类主要 消费服务领域。对发放时间在2025年3月16日至2025年12月31日期间的贷款，贴息1年，贴息比例为1个 百分点。 据介绍，两项贴息政策是财政金融协同支持提振消费的一次创新探索，将与正在实施的消费品以旧换新 补贴等政策形成"组合拳"。政策到期后，相关部门还将开展效果评估，研究视情况延长政策期限，或扩 大支持范围。 ...

Group 1 - The positive changes in the consumption market will benefit the valuation recovery of the consumption sector, enhancing performance growth expectations for companies supported by policy and market demand [1] - The investment attractiveness of the consumption sector is expected to increase further, boosting investor confidence and attracting more capital inflow [1] Group 2 - In July, the PPI decline in industries such as coal, steel, cement, photovoltaic, and lithium batteries has narrowed, while CPI for fuel and new energy vehicles has stabilized after several months of decline [2] - To consolidate the foundation for moderate price recovery, it is necessary to strengthen policy coordination on both supply and demand sides, promoting industrial upgrades and demand creation [2] - On the supply side, improving standards for technology, energy consumption, and emissions is essential to phase out outdated capacity and replace it with high-quality capacity [2] Group 3 - The new consumption sector is expected to further contribute to domestic demand, particularly through the acceleration of service consumption potential, innovation in consumption scenarios and channels, and the emergence of the emotional economy [3] - The "self-care economy" trend is driving growth in new sectors such as light luxury, trendy toys, pet care, and fitness, becoming new engines for industrial upgrades and economic growth [3] Group 4 - The implementation of policies like "old for new" has led to positive changes in the consumption market, with suggestions to expand subsidy coverage to essential goods and services [4] - The focus should also be on balancing the pace of subsidy distribution to ensure policy continuity and optimize financial support and tax incentives [4] - The emotional economy-related sectors in the A-share market have shown active performance, indicating high market recognition of their growth potential [4] Group 5 - The younger consumer group increasingly values "emotional value" and "cultural identity," making "emotional price ratio" a significant factor in their purchasing decisions [5] - The rise of national brands and cultural exports is driving high growth in sectors like trendy toys and IP derivatives, with companies that possess brand advantages and innovation capabilities standing out [5]

Core Viewpoint - The newly introduced interest subsidy policies aim to stimulate consumer spending and support service industry financing, reflecting a coordinated effort between fiscal and financial policies [1][3]. Group 1: Policy Details - The two subsidy policies are referred to as "national subsidies" in the consumer loan sector, directly benefiting the public [2]. - The personal consumption loan subsidy targets loans used for consumption, with a subsidy rate of 1%, which is approximately one-third of current commercial bank personal consumption loan rates, applicable for one year [2]. - The service industry loan subsidy focuses on eight key sectors, including dining, health, and tourism, with a similar subsidy rate and a maximum loan amount of 1 million yuan per entity [2][3]. Group 2: Financial Impact - The policies are expected to leverage public funds to attract more financial resources into the consumer sector, potentially generating a significant multiplier effect [4]. - The People's Bank of China has set up a 500 billion yuan fund to support service consumption and elderly care, encouraging financial institutions to increase credit supply in the consumer sector [3]. Group 3: Implementation and Oversight - The implementation of these policies involves multiple stakeholders, including financial institutions and regulatory bodies, to ensure that the subsidies reach the intended beneficiaries [5][6]. - The Ministry of Commerce will oversee the management of sectors included in the subsidy scheme, while the financial regulatory authority will guide banks in setting appropriate loan terms and monitoring fund usage [6].

Core Points - The "Double Subsidy" policy for personal consumption loans and service industry loans has been implemented, aimed at boosting domestic consumption and supporting economic growth [1][3] - The policy is set for a duration of one year, with the possibility of extension based on evaluation [2][3] Group 1: Policy Details - The personal consumption loan subsidy directly benefits consumers, marking the first time central finance has subsidized personal consumption loans [3] - The subsidy rate is set at 1 percentage point, approximately one-third of the current commercial bank personal consumption loan interest rates, applicable for one year [5][16] - The subsidy applies to loans used for specific consumption categories, including daily expenses under 50,000 yuan and larger purchases like home appliances, education, and healthcare [5][15] Group 2: Service Industry Support - The service industry loan subsidy targets key sectors such as dining, healthcare, and tourism, with a similar subsidy rate of 1 percentage point [5][7] - Each service industry entity can receive a maximum subsidy of 10,000 yuan on loans up to 1 million yuan [5][7] - The policy aims to enhance the quality of service supply to meet the growing demand for service consumption in China [4][7] Group 3: Application Process - Consumers do not need to take additional steps to apply for the subsidy; it will be automatically calculated and deducted from their loan interest by the lending institution [13][17] - For loans under 50,000 yuan, the subsidy is calculated based on the actual amount, while for larger loans, the maximum subsidy is capped at 3,000 yuan when combined with smaller loans [15][16] - Service industry borrowers will also receive the subsidy without a separate application, as it will be processed through standard banking procedures [17][18]

Core Points - The recently issued personal consumption loan interest subsidy policy and service industry loan interest subsidy policy aim to boost consumption and expand domestic demand with a focus on simplicity and accessibility [1] - The policies are designed to minimize the operational burden on borrowers, with application and review processes handled by lending institutions and local government departments [1] Personal Consumption Loan Subsidy - To qualify for the personal consumption loan subsidy, borrowers must demonstrate genuine consumption behavior, with a maximum subsidy of 500 yuan per individual loan [2][3] - The subsidy applies to various consumption activities, including daily small purchases, larger items like cars and home renovations, and services such as travel and healthcare [2] - The subsidy is calculated based on the actual consumption amount and is directly deducted from the interest payments, allowing borrowers to receive notifications through SMS or mobile apps [2][3] Service Industry Loan Subsidy - Service industry entities can receive loan subsidies if the funds are used for operational activities, covering sectors like dining, healthcare, and tourism [4][5] - The subsidy is automatically applied without a separate application process, with banks returning the subsidy amount to the borrowers after receiving funds from the government [4][5] - The funds must be used for legitimate business activities, and any misuse for investment or arbitrage will disqualify the borrower from receiving the subsidy [6] Regulatory Oversight - Financial regulatory authorities are tasked with ensuring that lending institutions effectively manage and monitor the use of loan funds to prevent misuse [6] - The Ministry of Commerce will collaborate with the Ministry of Finance to oversee the implementation of the policies and ensure that eligible entities benefit from the subsidies [6]

Core Insights - The Ministry of Finance and nine other departments have issued a loan interest subsidy policy aimed at supporting service industry operators in eight specific sectors [1] Group 1: Policy Details - The sectors eligible for the subsidy include catering and accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [1] - The subsidy will cover a maximum loan amount of 1 million yuan per entity, with a subsidy rate of 1% per annum for a maximum period of one year [1] - The central and provincial finances will bear 90% and 10% of the subsidy funds, respectively [1] Group 2: Usage Restrictions - Loan funds must be used for compliant business activities, enhancing service supply capabilities, and improving consumer infrastructure [1] - Strict prohibitions are in place against misreporting, fraudulent claims, misappropriation, or diversion of loan funds [1] - The use of loan funds for real estate development, investment, or financial speculation is explicitly forbidden [1]

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。这里还是要说 明一点，个人消费贷款贴息政策支持的是消费者合理的借贷需求和真实的消费行为，如果借款人使用个人消费贷款用于一些非消费领域，或是 其他违规套利行为，这不属于政策的支持范围，将无法取得贴息资金。 对于服务业经营主体贷款贴息的条件，核心是要将贷款资金用于经营活动。对于餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、 体育这八类消费领域服务业经营主体而言，从今年3月16日到年底的时间里，只要与银行签订了贷款合同，而且已经收到贷款资金的这些经营 主体，都可以享受最长1年的贴息，贷款期限不足一年的，按照实际期限来进行贴息。 财政部金融司司长于红称，这里要向广大服务业经营主体说明的是，贷款资金必须合规用于正常的经营活动，例如拓展空间、优化布局、 提升硬件、增加业态、人员培训、产品研发等，重点是要改善消费基础设施、提升服务供给能力，不能用于投资理财和套利活动。 商务部：支 ...