According to the Financial Times, six departments including the People's Bank of China recently jointly issued the “Guiding Opinions on Financial Support to Boost and Expand Consumption” to further refine financial support measures to promote consumption. The “Opinion” promotes financial services from both the demand and supply sides, and proposes measures such as promoting medium- to long-term capital entry into the market and increasing residents' property income to enhance consumer confidence and capacity. At the same time, financial supply to the consumer sector will be expanded, and support for the bond market and equity financing will be increased. Analysts believe that the policy provides strong support to the consumer market by increasing residents' property income, promoting the stable development of the capital market, helping to upgrade consumer demand and supply.

According to the Financial Times, six departments including the People's Bank of China recently jointly issued the “Guiding Opinions on Financial Support to Boost and Expand Consumption” to further refine financial support measures to promote consumption. The “Opinion” promotes financial services from both the demand and supply sides, and proposes measures such as promoting medium- to long-term capital entry into the market and increasing residents' property income to enhance consumer confidence and capacity. At the same time, financial supply to the consumer sector will be expanded, and support for the bond market and equity financing will be increased. Analysts believe that the policy provides strong support to the consumer market by increasing residents' property income, promoting the stable development of the capital market, helping to upgrade consumer demand and supply.