The personal consumption loan market is heating up. A number of banks have launched interest rate concessions.

Xinhua News Agency, June 16, according to a survey conducted by a reporter a few days ago, apart from China Merchants Bank, many banks have recently launched interest rate preferential activities for personal consumer loan products, which are lower than before. Industry insiders believe that the reduction in consumer loan interest rates will help promote consumption and help consumption pick up. Looking ahead, there is still room for further reduction in lending rates. (China Securities News)