China's Ministry of Finance has announced an implementation plan for interest subsidy policies aimed at supporting the service sector and personal consumption loans. The policy covers loans to businesses in eight consumer-related fields, including elderly care, childcare, domestic services, catering, tourism, food services, and elderly support. The subsidies will be based on loan principal amounts and will be capped at a one-year period. For personal consumer loans used for eligible expenses such as autos, childbirth, education, tourism, home furnishings, electronics, and healthcare, China will provide an interest subsidy of one percentage point. This subsidy program will be effective from September 1, 2025, through August 31, 2026, with a maximum interest subsidy cap of 3,000 yuan per borrower. Additionally, the Finance Ministry plans to auction 30 billion yuan of 91-day treasury bills on August 13, 2025. A press conference is scheduled for August 13 at 10 a.m. local time to provide further details on these subsidized loan policies.