This newspaper, Beijing, March 14 (Reporter Wang Junling) The reporter learned from the State Administration for Financial Supervision on the 14th that the State Administration for Financial Supervision issued a notice requiring financial institutions to develop consumer finance to help boost consumption.

The heads of relevant departments and bureaus of the State Administration for Financial Regulation said that the State Administration for Financial Regulation has proposed specific measures to optimize consumer finance policies from the perspective of enriching financial products, facilitating financial services, and creating a good consumption environment to better meet the financial needs of the consumer field and effectively enhance the people's sense of gain and satisfaction.

In terms of increasing the supply of consumer finance, the State Administration for Financial Regulation requires that financial institutions should enrich and improve financial products and services around expanding commodity consumption, developing service consumption and cultivating new consumption. For new consumption scenarios such as digital, green, and intelligence, we tailor financial products to better meet personalized and diversified financial needs, continuously strengthen digital empowerment, and enhance the adaptability and convenience of consumer financial services. Increase credit allocation to consumer service industries such as wholesale and retail, accommodation and catering, cultural tourism, education and training, healthy elderly care, and support the healthy development of consumer supply entities.

The State Administration for Financial Regulation encourages banking financial institutions to increase the issuance of personal consumption loans, reasonably set consumer loan quotas, term, and interest rates, and optimize resource allocation under the premise of controllable risks. Improve the requirements for due diligence exemption for personal consumption loans. On the premise of effectively verifying identity and controlling risks, explore the online opening and activation of credit card business.

The State Administration for Financial Regulation has made it clear that banking financial institutions can reasonably agree on the term and frequency of loan repayment based on the borrower's credit history and repayment guarantee for borrowers who are temporarily in trouble. According to the borrower's application, loan renewal support will be provided to qualified borrowers after passing the review.

In terms of optimizing the consumer finance environment, the State Administration for Financial Regulation requires that banking financial institutions should standardize the terms of consumer loan contracts and clearly state the final comprehensive financing cost. Make good use of the financial product inquiry platform and the financial consumer protection service platform to facilitate consumer inquiry and use. Promote the convenience of payment in consumption scenarios to meet the payment service needs of the elderly, foreigners coming to China and other groups. Improve the diversified resolution mechanism for financial consumption disputes and properly resolve consumer finance disputes. Increase joint punishment and crackdown on behaviors such as disrupting market order and infringing on the rights and interests of financial consumers.