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Yu Hong of the Ministry of Finance: Interest Subsidy Policy Supports Consumers' Rational Borrowing Needs and Authentic Consumption
3 week ago /
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Author：小编
On August 13, Yu Hong, Director of the Department of Finance within the Ministry of Finance, elucidated at the State Council Information Office press conference that the interest subsidy policy for personal consumption loans is designed to bolster consumers' rational borrowing needs and authentic consumption patterns. Should a borrower utilize the loan for non-consumption purposes or engage in illegal arbitrage activities, they would not qualify for policy support and would be ineligible to receive interest subsidy funds.
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