Core Insights - The consumption upgrade policy, particularly the "old-for-new" initiative, has significantly boosted sales in various sectors, with a total sales figure of 1.6 trillion yuan in the first half of the year, contributing to a 5% year-on-year growth in total retail sales of consumer goods, surpassing last year's growth by 1.5 percentage points [1] - The Chinese economy is transitioning from an investment and export-driven model to one led by consumption, with the "old-for-new" program playing a crucial role in stimulating consumer demand and supporting the recovery of downstream industries [2] - Financial institutions are pivotal in facilitating the "old-for-new" initiative by innovating products and optimizing services to meet diverse consumer needs [2] Financial Support and Collaboration - Agricultural Bank of China has successfully implemented a dual subsidy model combining government support and bank discounts, enhancing consumer participation in the "old-for-new" program [3] - Banks are encouraged to actively participate in the distribution of government subsidies and the certification of replacement processes to ensure efficient and transparent fund allocation [3] - Financial institutions are developing tailored financial products to alleviate the funding pressures faced by businesses participating in the "old-for-new" initiative, such as the "National Subsidy Loan" offered by Minsheng Bank [8][9] Consumer Engagement and Product Innovation - Banks are advised to create specialized financial tools like installment plans and consumer loans to lower barriers for residents and increase participation in the "old-for-new" program [7] - The introduction of government subsidies and promotional offers has led to increased consumer interest in upgrading to high-end energy-efficient products [3][6] - Financial institutions are enhancing their automotive financing services to support the "old-for-new" vehicle replacement initiative, with products like zero down payment credit card installment plans [6][7] Industry Impact - The "old-for-new" policy has led to a notable increase in sales for companies involved in durable goods, with businesses reporting improved sales figures and reduced liquidity pressures due to financial support from banks [8] - The collaboration between banks and local governments is essential for the successful implementation of the "old-for-new" initiative, as seen in various regions where banks have launched specific promotional activities [4][5]

Core Viewpoint - The recent issuance of the "Guiding Opinions on Financial Support for Boosting and Expanding Consumption" by the central bank and six departments emphasizes the encouragement of financial institutions to actively engage in auto loan business, particularly for new energy vehicles [1] Financial Support for Auto Consumption - Financial institutions are implementing various measures to support auto consumption in response to the guiding opinions [1] - The new policy allows financial institutions to set their own loan ratios for traditional and new energy vehicles, with a maximum of 100% financing, effectively enabling zero down payment [7] Consumer Behavior and Market Response - Consumers are increasingly interested in purchasing vehicles, particularly new energy vehicles, due to favorable government policies and financial incentives [3] - The introduction of interest-free installment plans for new energy vehicles has led consumers to consider higher-priced models [5] Sales Performance and Market Trends - Sales and consultation volumes at auto dealerships have seen significant increases, with some stores reporting a 71.2% month-on-month growth in new car deliveries [11] - The Beijing branch of China Construction Bank reported a 63% year-on-year increase in credit card auto purchase installment transactions, with new energy vehicle financing accounting for 46% of the total [9] Impact of Policies on Financial Institutions - Banks are offering various incentives, such as waiving early repayment penalties for customers trading in old vehicles [13] - The establishment of dedicated loan centers by banks has improved the efficiency of auto loan processing, reducing the time required to obtain loans by 50% [15] Expert Insights on Market Potential - Experts highlight that boosting auto consumption is crucial for stimulating overall consumer demand, with financial support measures aligning with broader consumption upgrade trends [17] - The recovery of terminal demand in the auto market is expected to translate into increased orders, enhancing production capacity utilization for auto manufacturers and revitalizing the supply chain [17]

转自：新华财经 每2.8分钟完成一笔分期审批，每15分钟诞生一位分期车主，每1小时助力一个家装梦想……这些跃动的 数字背后，体现的是建设银行哈尔滨南岗支行持续15年的创新坚守。从率先引入信用卡购车分期到构建 车居联动消费生态；从线下填单到全程数字化办理；从单一汽车消费延伸至家装、教育等各个领域金融 服务，建设银行哈尔滨南岗支行不断深耕消费金融创新，点亮百姓品质生活。 场景扩容：构建绿色消费生态圈 在"双碳"目标驱动下，新能源汽车正加速驶入千家万户。建设银行哈尔滨南岗支行通过"场景+金融"的 创新模式延伸服务触角，以数字化工具重塑汽车消费链路。 当普惠金融插上数字化翅膀，金融服务正打破时空与效率的边界，不断加快构建智能风控模型，提升用 户体验。 该行打造的"365天不打烊"服务体系，将分期业务办理时效从3天压缩至最快10分钟，智能风控系统可实 时完成20余项数据校验。针对不同客群定制"零首付弹性购""二手车置换补贴"等10余种产品组合，2024 年为新市民群体发放消费分期贷款超3亿元。 家装分期：托起安居梦的新支点 建设银行哈尔滨南岗支行以场景化思维打通家装产业链，让分期服务渗透到瓷砖选购、全屋定制等每个 环节 ...