China's National Administration of Financial Regulation (NAFR) has issued a directive to financial institutions to enhance consumer finance offerings, aiming to stimulate domestic consumption. This initiative follows the guidelines set by the Central Economic Work Conference and aligns with the broader economic strategy to boost the consumption market. A press conference on March 17, 2025, will further detail these policies. The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have expanded a pilot program for integrated cash-pooling services for multinational corporations. This expansion, which now includes regions such as Tianjin, Hebei, Fujian, and Shandong, is designed to facilitate cross-border capital management and support economic growth. The NAFR will also provide loan renewal support to eligible personal consumption loan borrowers. The PBOC has committed to implementing a moderately loose monetary policy to maintain liquidity and support economic stability. This includes enhancing financial support for technological innovation, green finance, small businesses, and infrastructure projects. The central bank also plans to create more tools to shore up the economy.