Core Insights - The 2025 Consumer Finance Ecological Conference was held in Chongqing, focusing on the theme of "Finance Promotes Consumption" and aimed at exploring innovative paths for financial support in expanding consumption [1] - The conference gathered over 500 representatives from government, academia, finance, and technology sectors to discuss the role of finance in boosting consumption and contributing to a new development pattern of "dual circulation" [1] Group 1: Consumer Finance Index - The China Consumer Finance Index (CCFI) was officially released, marking the first index to evaluate the development status of the consumer finance industry in China [2] - The CCFI is based on 12 groups of 33 indicators, assessing the construction of market entities, industrial ecology, and market environment across 30 typical cities [2] - The top ten cities in the CCFI ranking for 2025 are Shanghai, Beijing, Chongqing, Shenzhen, Guangzhou, Hangzhou, Chengdu, Suzhou, Nanjing, and Jinan, with Shanghai, Beijing, and Chongqing dominating the rankings [2] Group 2: Chongqing's Consumer Finance Landscape - Chongqing is becoming a significant hub for consumer finance development, supported by national strategies to cultivate international consumption centers and western financial centers [3] - By the end of 2024, Chongqing will have established a multi-layered consumer finance system with over 80 supply entities, including banks, consumer finance companies, auto finance companies, and online lending institutions [3] - Three consumer finance companies in Chongqing hold a combined loan scale of 29.1% of the national total, leading in registered capital and number of institutions [3] Group 3: Technological Innovation and Infrastructure - Chongqing's consumer finance companies and online lending institutions are at the forefront of technological innovation, utilizing big data, artificial intelligence, and knowledge graphs for financial services [3] - The city has established several key financial institutions, including a national fintech certification center and the first financial court in central and western China [4] - Chongqing is home to the first cross-regional consumer rights protection center and the first alliance to combat financial crime, showcasing its commitment to responsible consumer finance standards [4]

Core Insights - The 2025 China Consumer Finance Index (CCFI) was officially released, marking the first publicly available comprehensive evaluation index for the consumer finance industry in China [1] - The report highlights Chongqing's consumer finance development practices, establishing a "Chongqing Standard" for local consumer finance growth [1] Group 1: Development Level - Chongqing ranks among the top tier of consumer finance development in China, alongside Shanghai and Beijing, with personal consumer loan balances reaching 892.253 billion yuan (excluding housing loans) by the end of 2024, reflecting a year-on-year growth of 9.9% [2] - The comprehensive strength of consumer finance institutions in Chongqing is also ranked first nationally, with over 80 consumer finance supply entities across various sectors, including banks, consumer finance companies, auto finance companies, and online lending [2] Group 2: Digital Innovation - Chongqing leads the industry in digital innovation capabilities, with local consumer finance and online lending companies at the forefront of technological advancements in areas such as big data, artificial intelligence, and knowledge graphs [2] - By the end of 2024, three consumer finance companies in Chongqing accounted for over half of the national patents and invention patent authorizations, while 37 online lending companies held two-thirds of the national invention patents and one-third of software copyrights [2] Group 3: Industry Infrastructure - The development of the consumer finance industry in Chongqing remains at a leading national level, with the establishment of the National Financial Technology Certification Center and the Chengdu-Chongqing Financial Court, the first financial court in Central and Western China [3] - Chongqing has also created the first cross-regional social organization for consumer rights protection in the banking and insurance sectors, as well as the first alliance to combat financial black market activities [3] - The "Yujintong" and "Yujindun" financial platforms provide foundational support for the digital financial scene applications across the industry [3]