近日召开的中央经济工作会议要求，引导金融机构加力支持扩大内需。为贯彻落实相关决策部署， 日前，商务部、中国人民银行、金融监管总局联合印发《关于加强商务和金融协同 更大力度提振消费 的通知》（以下简称《通知》），为金融与商务领域的协同发力指明方向。 "保险在扩内需、促消费环节大有可为。"首都经济贸易大学农村保险研究所副所长李文中在接受 《金融时报》记者采访时表示，保险业可以在消费侧、投资侧共同发力。一方面，通过创新产品和服务 释放居民消费潜力，提升消费能力，激活消费新业态；另一方面，充分发挥险资耐心资本的作用。 助力扩大服务消费 《通知》提出"发展商业保险年金、商业健康保险、意外伤害保险等保险产品"。"该政策指向消费 侧，旨在构建全面的个人与家庭风险保障网，以稳定预期、提升消费意愿。"李文中表示，保险可以提 升城乡居民"敢消费"的底气。 责任编辑：袁浩 支持消费新业态建设 首发经济、绿色消费、健康消费、数字消费……近年来，各式各样的消费新场景新业态层出不穷， 为消费市场注入了澎湃动能。为此，《通知》提出"集成融资、结算、保险等综合金融服务，支持消费 新业态新模式新场景建设"。 李文中表示，这一表述体现了金融协同 ...

会议强调，要深入学习贯彻中央经济工作会议精神及全国金融系统工作会议部署要求。一要确保党 中央决策部署落到实处。要全面贯彻落实党中央关于明年经济工作的总体要求和政策取向，一以贯之抓 好习近平总书记重要指示批示精神和党中央决策部署的贯彻落实。要教育引导党员干部增强大局观、执 行力，树立和践行正确政绩观，为实现"十五五"良好开局凝心聚力。要持之以恒推进全面从严治党，扎 实做好巡视"后半篇文章"，巩固拓展学习教育成果，营造风清气正政治生态。二要更好支持高水平对外 开放。要充分发挥逆周期调节作用，努力为我国外贸量稳质升多做贡献。要高质量服务共建"一带一 路"，统筹抓好重大标志性工程和"小而美"惠民生项目。要强化对战略性新兴产业等重点领域的资源倾 斜，积极推动科技创新和产业创新深度融合。要在控制风险前提下，积极发挥内贸险、担保、进口险等 作用，助力贸易投资一体化、内外贸一体化。三要持续提升服务实体经济质效。要做精做实金融"五篇 大文章"，加力支持科技创新、中小微企业等重点领域。要积极主动融入新一轮重点产业链高质量发展 行动，持续打造具有信保特色的产业链承保模式，助力打造更有韧性更加安全的产业链。要围绕服务发 展新质生产力 ...

Core Viewpoint - The recent Central Economic Work Conference emphasizes the need for financial institutions to enhance support for expanding domestic demand, leading to the issuance of a notification aimed at boosting consumption through coordinated efforts between commerce and finance [2][3]. Group 1: Strengthening Collaboration Between Commerce and Finance - Local commerce departments and financial management authorities are encouraged to improve communication and establish coordination mechanisms to address challenges in implementing financial support for consumption [3][4]. - Financial institutions are urged to align their resources and develop specific implementation guidelines to support consumption expansion, following existing policy frameworks [4][5]. - Local authorities are encouraged to utilize existing funding channels to promote consumption activities, leveraging digital currency and various financial instruments to enhance policy effectiveness [4][6]. Group 2: Increasing Financial Support for Key Consumption Areas - Financial services for durable goods and digital products are to be enhanced, with a focus on installment payments and credit services to meet consumer upgrade demands [5][6]. - A comprehensive policy support system for service consumption is to be established, promoting innovation in financial products tailored to sectors like hospitality, education, and tourism [6][7]. - New consumption models, including green and digital consumption, are to be explored, with financial institutions encouraged to collaborate with e-commerce platforms to develop suitable business models [7][8]. Group 3: Expanding Government-Financial-Enterprise Cooperation - Financial institutions are encouraged to participate in local consumption promotion activities, offering tailored products and services to reach a broader consumer base [9][10]. - Information sharing mechanisms are to be established to facilitate better alignment between financial institutions and local commerce departments, enhancing the precision of financial services [9][10]. - Promotion of consumer rights and rational borrowing practices is emphasized, alongside the need for regular updates on the progress of financial support for consumption [10][11].

人民财讯12月14日电，商务部办公厅、中国人民银行办公厅、金融监管总局办公厅发布关于加强商务和 金融协同，更大力度提振消费的通知。通知提到，升级商品消费。加强大宗耐用消费品、数码产品等消 费金融服务，挖掘商品消费升级潜能。推动金融机构与平台、重点商户合作，走进商超卖场，完善分期 付款、信用卡、手机银行、数字人民币等产品服务模式，更好满足消费者换新需求。根据客户还款能力 和信用情况，合理确定贷款发放比例、期限和利率，落实好个人消费贷款额度、期限、利率差异化政 策，加快推动个人消费贷款业务发展。适当减免汽车以旧换新过程中提前结清贷款产生的违约金。加强 金融机构与内外贸一体化重点企业和平台对接，提供境内外交易撮合服务，完善跨境供应链融资模式， 支持更多企业内外贸一体化经营，扩大内贸险承保规模，支持更多优质外贸产品进入国内市场。 ...

Core Viewpoint - The recent joint issuance of the "Several Policy Measures to Expand Service Consumption" by nine government departments aims to address the bottlenecks in service consumption through a coordinated multi-departmental approach, emphasizing the importance of financial support and collaboration among various sectors [1] Group 1: Policy Measures Overview - The policy measures include nineteen specific tasks across five areas: cultivating service consumption promotion platforms, enriching high-quality service supply, stimulating new service consumption growth, enhancing financial support, and improving statistical monitoring systems [1] - The financial sector is highlighted as a key participant in resolving service consumption bottlenecks, with a call for proactive engagement and integration of monetary, credit, and capital market policies [1] Group 2: Financial Sector Initiatives - Financial institutions are encouraged to expand high-quality financial service offerings to meet the unmet financial demands of the service consumption sector and residents, particularly in areas like elderly care, childcare, and cultural tourism [2] - The central bank's establishment of a 500 billion yuan service consumption and elderly re-loan fund is emphasized as a tool to incentivize financial institutions to increase support for sectors such as accommodation and entertainment [2] Group 3: Consumer Credit Support - There is a push to enhance support for consumer credit to stimulate resident consumption potential, with initiatives like tax refunds and consumption vouchers being highlighted [3] - The number of tax refund stores is projected to reach 10,000 by mid-2025, tripling from the end of 2024, with a 98% increase in tax refund sales [3] Group 4: Financial Product Optimization - Financial institutions are urged to continuously optimize financial products and services to provide diverse, high-quality consumption options, focusing on key consumption areas such as food, housing, and entertainment [4] - There is a call for increased support for various types of loans, including first loans, renewal loans, and credit loans, to enhance the financial backing for the consumption sector [4] Group 5: Risk Management and Compliance - Financial institutions are advised to improve credit structure and risk management to ensure precise financial services, avoiding extremes in credit work that could overlook risks [4] - The importance of regulatory measures to enhance compliance and prevent financial bottlenecks in service consumption is emphasized, promoting a virtuous cycle of demand upgrading, supply optimization, and consumption expansion [4]

Core Insights - The insurance industry in China is projected to see a significant increase in original insurance premium income, with a growth of over 25% by 2024 compared to 2020, and total assets expected to rise by 68% by mid-2025 compared to the end of 2020 [1] - The insurance sector has enhanced its capacity to safeguard and improve people's livelihoods, with personal insurance payouts reaching 1.2 trillion yuan in 2024, an increase of 88.08% from 2020, and property insurance payouts at 1.1 trillion yuan, up 57.14% from 2020 [2] - The insurance industry is actively developing commercial insurance products, optimizing coverage for new industries and urban residents, and improving the inclusive insurance system to better meet public needs [2] Group 1: Enhancements in Livelihood Protection - The insurance industry has expanded its coverage and improved service capabilities, with a focus on commercial insurance annuities and long-term care insurance [2] - Catastrophe insurance has achieved full coverage for common natural disasters in China, with over 20 provinces piloting comprehensive catastrophe insurance [2] - In 2024, the urban and rural residential catastrophe insurance community provided 22.36 trillion yuan in catastrophe risk protection for 64.39 million households [2] Group 2: Support for the Real Economy - The insurance sector has provided risk protection across various aspects of the real economy, including agricultural insurance, which saw premium income grow from 97.6 billion yuan in 2021 to 148.37 billion yuan in 2024 [3] - Innovative insurance products, such as weather index insurance for oil tea gardens, have been developed to mitigate losses from adverse weather conditions [3] - The insurance industry has also supported major projects and infrastructure through long-term investments, with the balance of insurance funds increasing from 21.68 trillion yuan at the end of 2020 to 34.93 trillion yuan by early 2023 [4] Group 3: Ongoing Reforms in Key Areas - The implementation of comprehensive reforms in auto insurance has led to a 21.2% decrease in average premiums, with significant increases in coverage limits [6] - The insurance industry is undergoing reforms to enhance product pricing accuracy and operational efficiency, including the establishment of a dynamic adjustment mechanism for life insurance product rates [6] - These reforms aim to improve the competitiveness and risk management capabilities of insurance companies while better serving national strategic goals and enhancing social governance [6] Group 4: Future Directions - The financial regulatory authority plans to continue enhancing risk management, regulatory oversight, and high-quality development within the insurance sector [7] - The focus will be on strengthening the insurance industry's role as an economic stabilizer and social stabilizer, while improving insurance protection capabilities and service levels [7]

Core Insights - The insurance industry in China is projected to see significant growth, with original insurance premium income expected to increase by over 25% by 2024 compared to 2020, and total assets expected to grow by 68% by mid-2025 compared to the end of 2020 [1] Group 1: Strengthening Social Welfare - The insurance sector has expanded its capacity to improve and guarantee livelihoods, with personal insurance payouts expected to reach 1.2 trillion yuan in 2024, an increase of 88.08% from 2020, and property insurance payouts expected to reach 1.1 trillion yuan, up 57.14% from 2020 [2] - The insurance industry is actively developing commercial insurance products, enhancing the supply of insurance for new industries and urban residents, and improving the inclusive insurance system to better meet public needs [2] - Catastrophe insurance has achieved full coverage for common natural disasters in China, with over 20 provinces piloting comprehensive catastrophe insurance [2] Group 2: Supporting the Real Economy - The insurance industry provides risk protection across various sectors, including agriculture, with agricultural insurance premiums increasing from 97.6 billion yuan in 2021 to 148.37 billion yuan in 2024 [3] - The introduction of innovative insurance products, such as weather index insurance for oil tea plantations, demonstrates the industry's commitment to supporting agricultural resilience [3] - Insurance funds have been increasingly directed towards long-term investments in major projects, with the balance of insurance funds rising from 21.68 trillion yuan at the end of 2020 to 34.93 trillion yuan by the first quarter of this year [4] Group 3: Reform and Innovation - The launch of the "Car Insurance Easy to Insure" platform has facilitated the coverage of over 880,000 new energy vehicles, with a total insured amount of 888.95 billion yuan [5] - The average car insurance premium has decreased by 21.2% to 2,773 yuan since the implementation of comprehensive car insurance reforms, while the compulsory insurance coverage has increased significantly [5] - Ongoing reforms aim to enhance the precision of product pricing and improve operational efficiency within the insurance sector, thereby increasing competitiveness and risk management capabilities [5] Group 4: Future Directions - The regulatory body emphasizes the need for continued efforts in risk prevention, strong regulation, and promoting high-quality development within the insurance industry to enhance its role as an economic stabilizer and social stabilizer [6]

Group 1 - The core viewpoint emphasizes the importance of stabilizing employment, enterprises, markets, and expectations through a series of financial policies aimed at supporting businesses in overcoming external challenges and enhancing competitiveness [1] - As of the end of Q1, the balance of RMB inclusive micro and small loans reached 34.81 trillion yuan, a year-on-year increase of 12.2%, which is 4.8 percentage points higher than the growth rate of all loans [1] - The number of technology-based small and medium-sized enterprises receiving loan support reached 271,800, with a loan acquisition rate of 49.6%, an increase of 3.6 percentage points compared to the same period last year [1] Group 2 - A series of monetary policy measures have provided financial institutions with substantial, low-cost medium- and long-term funds, which are expected to lower overall financing costs in the real economy [2] - The People's Bank of China reported that the weighted average interest rate for new corporate loans in April was approximately 3.2%, down about 50 basis points from the same period last year [2] - The National Financial Regulatory Administration issued a notice focusing on the financial needs of small and micro enterprises, guiding financial institutions to enhance service quality and efficiency [2] Group 3 - Financial management departments have implemented a series of policies to support foreign trade enterprises, ensuring reasonable financing needs are met without loan withdrawals [3] - In the first four months, China's total goods import and export volume increased by 2.4% year-on-year, accelerating by 1.1 percentage points compared to Q1 [3] - The newly implemented Private Economy Promotion Law emphasizes investment and financing support for the private sector, directing future work for financial management departments [3] Group 4 - The Ministry of Human Resources and Social Security has upgraded the special loan policy for stabilizing and expanding employment, focusing on lowering application thresholds and increasing credit limits [4] - Since the establishment of the special loan program in 2022, over 640 billion yuan has been disbursed to 80,000 small micro enterprises, helping stabilize and expand 5.3 million jobs [4] - The new notice allows for an increase in the maximum loan amount for eligible small micro enterprises from 30 million yuan to 50 million yuan [5]

Core Viewpoint - The central government emphasizes the importance of stabilizing foreign trade through enhanced financial support, particularly for export-oriented enterprises facing challenges due to external shocks [1]. Group 1: Financial Support for Foreign Trade - Financial institutions are urged to increase credit support for foreign trade enterprises, especially small and medium-sized enterprises with high foreign trade dependence and competitive products, ensuring their reasonable financing needs are met [1][2]. - The insurance sector is encouraged to provide comprehensive insurance solutions for enterprises venturing abroad, facilitating their operations [1]. Group 2: Policy Implementation and Financial Services - Banks are expected to implement policies to stabilize foreign trade, ensuring that loans are fully utilized and tailored services are provided to enterprises facing difficulties due to tariffs [2]. - There is a focus on optimizing export credit insurance policies to enhance underwriting capacity and provide favorable rates, thereby boosting enterprises' confidence in receiving orders and exporting [2]. Group 3: Currency Risk Management - With the increased volatility of the RMB exchange rate, there is a growing demand for currency risk management services among enterprises engaged in international trade [3]. - Financial institutions are encouraged to enhance their services related to currency risk management and to offer customized hedging products for foreign trade enterprises [3]. Group 4: Integrated Financial Solutions - The demand for integrated financial solutions has surpassed mere financing needs, requiring financial institutions to tailor their services to the specific characteristics of different markets and industries [4]. - The financial system is tasked with ensuring that policies translate into tangible benefits for enterprises, thereby supporting their global development [4].

Core Viewpoint - Zhejiang province is implementing financial support measures to stabilize production and reduce burdens for enterprises, particularly focusing on export credit insurance subsidies and loan facilitation for key industries [1] Financial Policy Support - The draft policy encourages banks and financial institutions to increase loan limits and reduce interest rates for "specialized, refined, characteristic, and innovative" enterprises, as well as "single champion" companies and those on the national supply chain whitelist [1] - A subsidy of no less than 60% will be provided for short-term export credit insurance premiums, with an increased subsidy rate of 80% for key countries [1] Support for Key Industries - The policy aims to enhance domestic trade insurance coverage for key industry chain export enterprises and explore support policies for domestic trade insurance [1] - There will be an increase in the support for non-repayment renewal loans, with a temporary expansion of eligible medium-sized enterprises for working capital loans until September 30, 2027 [1]