China’s finance ministry plans new policies to boost consumption and investment
China’s finance ministry will develop new policies targeting household consumption, private investment and supply-demand optimisation, a senior official said. A credit package launched early this year has already issued over 28 trillion yuan in loans, benefiting 836,000 firms and 147 million individ
A senior official from China’s Ministry of Finance has said the government will prepare fresh policy measures focused on household consumption, private investment and supply-demand structure improvements. Li Nan, deputy director general of the ministry’s financial department, made the remarks on 23 October, according to state broadcaster Radio Television Hong Kong.
Li said the ministry would strengthen forward-looking research and expand its policy toolkit to support the key areas. The announcement follows the rollout of a coordinated fiscal and financial package earlier this year aimed at boosting domestic demand.
According to Li, in the first three quarters of 2026, the package supported new credit issuance of more than 28 trillion yuan (about US$3.9 trillion), representing a year-on-year increase of over 3 per cent. The loans benefited 8.36 million enterprises and reached 147 million individuals.
Li also highlighted the nationwide implementation this month of a subsidy policy for home-purchase loans. The measure marks the central government’s first interest subsidy for commercial personal housing loans. Li said the policy had been implemented smoothly and was showing initial results. Banks handling the loans reported that many families visiting properties and applying for mortgages believed the subsidy helped reduce their monthly repayment burdens.
The finance ministry’s latest policy planning signals Beijing’s continued efforts to stimulate domestic demand and stabilise the property market through targeted financial incentives.