Six Departments Jointly Issue Nineteen Opinions to Boost and Expand Consumption Through Financial Support

On June 19, 2025, the People’s Bank of China, together with other five departments, jointly released the Guiding Opinions on Financial Support for Boosting and Expanding Consumption  (the “Opinions”), which took effect immediately.

The Opinions present 19 measures aimed at enhancing consumption capability, expanding financial supply, tapping consumption potential, and optimizing the consumption environment. The Opinions emphasize increasing credit support for the service consumption sector, innovating financial products, improving payment services for consumption, establishing a sound credit system, and protecting rights and interests in financial consumption. Financial institutions are encouraged to innovate credit products, support diversified financing in the consumption industry, and promote the expansion of consumer credit scale.