Since December, regional urban commercial banks such as Bank of Guiyang, Bank of Guizhou, Bank of Chengdu, Chengdu Agricultural Commercial Bank, and Qianxi Agricultural Commercial Bank have successively issued announcements to promote the implementation of interest rate discount policies for personal consumption loans. This also means that the banks operating under the “national subsidy” have been expanded from 23 financial institutions to regional small and medium-sized banks. Industry insiders pointed out that the local consumer loan interest rate discount policy responds to national policy calls and is conducive to boosting local consumption vitality. Apart from Qianchuan and Chongqing, other provinces may follow suit one after another to form joint efforts with regional financial institutions such as small and medium-sized banks to boost the consumer credit market and unleash potential. Looking at the regions that have already been announced, the annual interest rate discount rate for personal consumption loans in the provinces mentioned above is 1 percentage point, but the maximum subsidy limits are different.

Since December, regional urban commercial banks such as Bank of Guiyang, Bank of Guizhou, Bank of Chengdu, Chengdu Agricultural Commercial Bank, and Qianxi Agricultural Commercial Bank have successively issued announcements to promote the implementation of interest rate discount policies for personal consumption loans. This also means that the banks operating under the “national subsidy” have been expanded from 23 financial institutions to regional small and medium-sized banks. Industry insiders pointed out that the local consumer loan interest rate discount policy responds to national policy calls and is conducive to boosting local consumption vitality. Apart from Qianchuan and Chongqing, other provinces may follow suit one after another to form joint efforts with regional financial institutions such as small and medium-sized banks to boost the consumer credit market and unleash potential. Looking at the regions that have already been announced, the annual interest rate discount rate for personal consumption loans in the provinces mentioned above is 1 percentage point, but the maximum subsidy limits are different.