Live Updates > Live Update Details
2025-12-14 15:48:32
[Three Departments: Strengthening Consumer Finance Services for Durable Goods and Digital Products] The General Offices of the Ministry of Commerce, the People's Bank of China, and the State Financial Regulatory Commission jointly issued a notice on strengthening commerce and finance collaboration to further boost consumption. The notice emphasizes upgrading consumer goods consumption. It calls for strengthening consumer finance services for durable goods and digital products, tapping into the potential for consumption upgrades. It encourages cooperation between financial institutions and platforms and key merchants, expanding into supermarkets and stores, and improving product and service models such as installment payments, credit cards, mobile banking, and digital RMB to better meet consumers' needs for upgrading. It also calls for rationally determining loan disbursement ratios, terms, and interest rates based on customers' repayment ability and creditworthiness, implementing differentiated policies on personal consumer loan amounts, terms, and interest rates, and accelerating the development of personal consumer loan business. It also appropriately reduces or waives penalties for early loan repayments during the car trade-in process. Finally, it strengthens connections between financial institutions and key enterprises and platforms integrating domestic and foreign trade, providing domestic and international transaction matching services, improving cross-border supply chain financing models, supporting more enterprises in integrated domestic and foreign trade operations, expanding the scale of domestic trade insurance, and supporting more high-quality foreign trade products to enter the domestic market.
