The People’s Bank of China and six other departments: Actively carry out automobile loan business and appropriately reduce and exempt liquidated damages arising from early settlement of loans during the process of car trade-in-Passionategeekz

Passionategeekz On June 24, the People’s Bank of China and six other departments jointly issued the “Guiding Opinions on Financial Support to Boost and Expand Consumption” (Passionategeekz Note: hereinafter referred to as the “Opinions”).

The “Opinions” mention that under the premise of controllable risks, we will innovate and optimize credit products, increase support for first loans, renewal loans, credit loans, and medium- and long-term loans for qualified consumer industry operators to meet the diversified financial needs of the consumer field; encourage the use of government-based financing guaranteed credit enhancement measures to support more loans in the consumer field;Promote the integration of Internet, big data and other technologies with consumer financeoptimize the application, approval and loan process for online consumer credit products, and improve the convenience of consumer financing.

The “Opinions” support qualified enterprises in the field of cultural, tourism, education and other services to issue bonds. Eligible science and technology enterprises are encouraged to raise funds through the bond market to promote the quality and upgrading of consumer products such as smart elderly care and smart medical care. Support qualified consumer finance companies, auto finance companies, and financial leasing companies to issue financial bonds, expand the source of funds, and expand the scale of consumer credit.Promote the incremental expansion of the securitization of retail loan assets such as personal automobiles, consumption, and credit cardspromote the activation of credit stocks and enhance the supply capacity of consumer credit.

The “Opinions” also require the promotion of the expansion of commodity consumption. Financial institutions are encouraged to provide financial services for consumer goods through multiple channels and methods. Increase credit support for enterprises related to the recycling and dismantling of scrapped motor vehicles, recycling of used home appliances, and the exchange of old home appliances, “renewal” of home decoration, kitchen and bathroom, and ensuring supply of daily necessities.Actively carry out automobile loan business, comprehensively integrate the borrower’s credit level, repayment ability, etc., reasonably determine the loan issuance ratio, term and interest rate, and appropriately reduce and exempt the liquidated damages generated by early settlement of loans during the car trade-in process. Strengthen financial support for the production and consumption of green smart home appliances and home furnishings, optimize the approval process, and improve the quality and efficiency of services. Strengthen financial support for foreign trade enterprises to expand domestic sales, improve domestic trade insurance services, and expand consumption of foreign trade quality products.

The “Opinions” encourage financial institutions to increase credit support for trade circulation projects such as transportation, logistics, warehousing, and supply chain, support the transformation and upgrading of key market facilities, cold chain logistics bases, township trade centers, shopping malls and supermarkets, and collective markets, accelerate the construction of digital commodity circulation, and reduce comprehensive logistics costs and terminal consumption costs.Explore and develop exclusive loan products for rural e-commerce to open up the rural e-commerce capital chain. Provide financial services for shipping companies, improve the supply of sea and water transportation credit, and support the construction of international sea and inland water transportation logistics networks. Deepen information collaboration and technological empowerment, combine commercial application scenarios, and provide comprehensive services such as capital settlement and financial management for commerce, logistics, supply and marketing enterprises.

The “Opinions” require continuous optimization of payment services. Support financial institutions to focus on key consumption scenarios such as “food, housing, transportation, travel, shopping, entertainment, and medical care”, and continue to promote the construction of payment facilitation,Effectively improve the compatibility of various payment methods such as cash, bank cards, mobile payments, digital RMB, etc.provide consumers with a more efficient and convenient payment experience. Continue to improve the level of payment services for the elderly, optimize the wild card acceptance environment in key areas, deepen cooperation between credit card consumption and various scenarios, and effectively meet the payment service needs of the elderly, foreigners coming to China and other groups. Pilot regions are encouraged to actively and steadily implement the digital RMB in the consumption field.

Advertising statement: The external redirect links (including, not limited to, hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles from Passionategeekz include this statement.