Heilongjiang Province Launches "40 New Policies for Financial Support of Consumption"

On the 1st, the People’s Bank of China Heilongjiang Branch and Heilongjiang Provincial Department of Finance jointly held a special press conference on “Strengthening Financial and Fiscal Coordination to Boost and Expand Consumption,” launching the “Longjiang Consumption Code-on-Loan” one-stop service QR code and the “40 New Policies for Financial Support of Consumption in Heilongjiang Province,” injecting strong momentum into the Longjiang consumer market. The “40 Policies” feature four highlights: “Low,” “Fast,” “Flexible,” and “Accurate.” “Low” means all financial products can enjoy fiscal subsidy policies, effectively reducing financing costs for consumers and business entities. “Fast” indicates that multiple online products can be approved and disbursed instantly. “Flexible” refers to product designs that meet demand, tailored for different groups, with flexible terms to ease long-term repayment pressure. “Accurate” is reflected in all products clearly specifying the use of funds to ensure targeted support in the consumption sector. (Heilongjiang Daily)