China CITIC Bank: To Simplify Procedures, Implement Interest Rate Subsidies for Eligible Consumer Loans

Viewpoint News: On August 13th, China CITIC Bank announced that it will simplify procedures and implement interest rate subsidies for eligible individual consumer loans in response to the decisions made by the CPC Central Committee, the State Council, and relevant departments. This move aims to reduce residents' credit costs and financing costs for businesses, stimulate consumption potential, and boost market vitality.

The bank emphasized that this initiative is intended to effectively lower financing costs while upholding market-oriented and rule-based principles to optimize processes. In accordance with relevant notification documents, including the "Notification on [blank]", China CITIC Bank will proceed with its interest rate subsidy work in a compliant manner.

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