A[Ministry of Commerce and other 7 departments: Encourage financial institutions to increase financial support for consumption of automobiles, home appliances and digital products, smart homes, etc. on the premise of legal compliance and controllable risks] On August 31, seven departments including the Ministry of Commerce issued implementation opinions on promoting the expansion and upgrading of commodity consumption. It pointed out that fiscal and financial support should be strengthened. Make good use of policies such as interest discounts on personal consumption loans, interest discounts on loans to service industry operators, and pilot projects for new consumption formats, new models, and new scenarios to give full play to the leveraging role of fiscal funds. Financial institutions are encouraged to increase financial support for consumption of automobiles, home appliances, digital products, smart homes, etc., and develop diversified financial products on the premise of legal compliance and controllable risks. Support financial institutions to deepen cooperation with merchants and platforms to jointly develop financial products and services that adapt to the characteristics of the consumer industry. Improve domestic trade insurance policies and expand underwriting scale and coverage. Grassroots trade unions are encouraged to purchase daily necessities, grain, oil, food, etc. for various condolence activities in accordance with the regulations on the use of trade union funds. A[The Ministry of Commerce and other seven departments: make good use of policies such as personal consumption loan discounts, service industry business entity loan interest discounts, and pilot projects for new consumption formats, new models, and new scenarios to give full play to the leveraging role of fiscal funds] On August 31, seven departments including the Ministry of Commerce issued implementation opinions on promoting the expansion and upgrading of commodity consumption. It mentions strengthening fiscal and financial support. Make good use of policies such as interest discounts on personal consumption loans, interest discounts on loans to service industry operators, and pilot projects for new consumption formats, new models, and new scenarios to give full play to the leveraging role of fiscal funds. Financial institutions are encouraged to increase financial support for consumption of automobiles, home appliances, digital products, smart homes, etc., and develop diversified financial products on the premise of legal compliance and controllable risks. Support financial institutions to deepen cooperation with merchants and platforms to jointly develop financial products and services that adapt to the characteristics of the consumer industry. Improve domestic trade insurance policies and expand underwriting scale and coverage. Grassroots trade unions are encouraged to purchase daily necessities, grain, oil, food, etc. for various condolence activities in accordance with the regulations on the use of trade union funds.
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