Three departments: the implementation period of the personal consumer loan fiscal interest subsidy policy has been extended to the end of 2026.

On January 20th, the Ministry of Finance, the People's Bank of China, and the China Banking and Insurance Regulatory Commission issued a notice regarding the optimization of the implementation of the personal consumer loan fiscal interest subsidy policy. The notice mentioned that the implementation period of the personal consumer loan fiscal interest subsidy policy has been extended to the end of 2026. After the adjustment, the implementation period of the personal consumer loan financial interest subsidy policy is from September 1, 2025, to December 31, 2026. Residents can enjoy the interest subsidy for eligible consumption incurred within the above-mentioned period. After the policy expires, the extension of the policy period will be studied based on the implementation effect. The original text is as follows: Notice on Relevant Matters to Optimize the Implementation of the Personal Consumer Loan Fiscal Interest Subsidy Policy Caijin [2026] No. 1 Finance departments (bureaus) of provinces, autonomous regions, municipalities directly under the Central Government, and municipalities directly under the State Planning Commission, the financial bureau of the Xinjiang Production and Construction Corps, the headquarters of the People's Bank of China in Shanghai and branches in provinces, autonomous regions, municipalities, and municipalities directly under the State Planning Commission, various supervisory bureaus of the China Banking and Insurance Regulatory Commission, relevant financial institutions: In order to thoroughly implement the spirit of the Central Economic Work Conference, support consumption, expand domestic demand, continuously reduce the cost of personal consumer credit for residents, enhance residents' willingness to consume, the relevant matters are notified as follows: 1. Support consumer finance innovation. Support operating institutions to innovate consumer credit products, strengthen coordination and linkage with offline supermarkets, online platforms, build more financial support for new consumption scenarios, expand the scope of the personal consumer loan interest subsidy policy, and form a synergy...