Con­sumer fi­nance

China's Foreign Trade (English) - - Special report -

【Re­port】We will carry out na­tion­wide tri­als to set up con­sumer fi­nanc­ing com­pa­nies and en­cour­age fi­nan­cial in­sti­tu­tions to de­velop new con­sumer credit prod­ucts.

In­ter­pre­ta­tion “This year’s gov­ern­ment work【 】re­port men­tioned con­sumer fi­nance for the first time and in re­cent years e-com­merce plat­forms and cap­i­tal from var­i­ous chan­nels grad­u­ally nudge into the con­sumer fi­nance mar­ket to sat­isfy con­sumers’ in­di­vid­ual de­mands and to ex­pand fund­ing chan­nels for fi­nan­cial in­sti­tu­tions. En­cour­ag­ing con­sumer fi­nance is ef­fec­tive to stim­u­late con­sump­tion and stim­u­late in­ter­nal de­mands so as to serve the phys­i­cal econ­omy, which may bring achieve­ments to the do­mes­tic con­sump­tion mar­ket and fi­nan­cial in­no­va­tion,” said Chen Li.

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