Ministry of Finance: After optimizing the policy on interest rate subsidies for personal consumption loans, all types of consumer loans can enjoy interest rate subsidies.

On January 20th, Liao Min, Deputy Minister of Finance, stated at a press conference at the State Council Information Office that the policy of subsidizing personal consumption loans has been optimized and adjusted. The new policy includes installment payments on credit card bills in the scope of subsidies, and removes restrictions on certain consumption areas in the existing policy. This new policy means that all consumption loans can now enjoy interest subsidies.