Policy dividends continue to be released as many regions have started to expand interest subsidy for consumer loans.

Consumer boost policy in full swing again. On December 14th, the General Office of the Ministry of Commerce, the General Office of the People's Bank of China, and the General Office of the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Strengthening Business and Financial Coordination to Further Boost Consumption." Under the continuous release of policy dividends, many regions have quickly promoted the expansion of interest subsidies for consumer loans. Since December, Sichuan, Chongqing, and Guizhou have taken the lead in initiating provincial-level interest subsidy work, including local small and medium-sized banks in the scope of consumer loan interest subsidy processing agencies. Yunnan also followed suit, introducing provincial-level interest subsidy policies, gradually forming a pattern of coordinated efforts in consumer boost between "national subsidy" and "local subsidy."