Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 9 (Xinhua) — The People’s Bank of China (PBOC) will roll out a package of measures to improve financial services to boost consumer spending, the central bank said in a report on Friday.
According to the PBOC’s monetary policy report for the first quarter of 2025, the bank will continue to consistently implement a moderately accommodative monetary policy while exploring the use of structural monetary policy tools. These measures aim to guide financial institutions to provide greater support to key consumption areas, including tourism, catering, entertainment and education.
The report stressed that the PBOC will develop a comprehensive package of financial measures to stimulate consumption with an emphasis on supply-side support.
Financial institutions will be encouraged to optimize credit products and services targeted at key consumer scenarios, priority strategies and key population groups.
In addition, the NBC will provide support to auto finance companies and consumer credit companies in issuing financial bonds.
Attention will also be paid to creating an efficient and convenient payment ecosystem, including improving the convenience of payments for overseas visitors to China. -0-