Core Viewpoint - A new policy aimed at stimulating consumer spending has been implemented, offering a 1% annual interest subsidy on personal consumption loans for residents, effective from September 1 [1] Group 1: Policy Implementation - The personal consumption loan subsidy is applicable to various expenditures, including purchases of mobile phones, computers, cars, home renovations, travel, and education [1] - Banks have prepared extensively to ensure the smooth rollout of this subsidy, with systems in place for product preparation, subsidy operations, process optimization, and fund management [1][5] Group 2: Loan Eligibility and Scope - The subsidy applies to personal credit loans, auto loans, and home improvement loans, but excludes credit cards and personal housing loans [2] - Eligible consumption scenarios include both small transactions under 50,000 yuan and larger purchases in key areas such as automotive, healthcare, education, and electronics [2] Group 3: Benefits and Consumer Engagement - Existing loan applicants who have not fully utilized their loan amounts can also benefit from the subsidy if the funds are used for consumption after September 1 [4] - The maximum subsidy per borrower is capped at 3,000 yuan, corresponding to a total consumption amount of 300,000 yuan, with a specific cap of 1,000 yuan for loans under 50,000 yuan [4] Group 4: Operational Efficiency - Banks are utilizing automated systems to streamline the subsidy process, allowing for automatic deduction of the subsidy from loan interest at the time of payment [5] - This initiative is expected to significantly boost domestic demand and revitalize the consumer market, providing tangible benefits to consumers [5]