Shanghai: Optimize the car loan process, relax the application requirements, and reasonably determine the loan distribution ratio, term, and interest rate.

The Shanghai Municipal Government has issued a number of measures to promote the high-quality development of the service industry, boost consumption, and expand linkage development. It mentioned that around holiday economy, nighttime economy, nostalgic economy, and secondary yuan economy scenes, financial institutions are encouraged to innovate and develop financial products and services suitable for the characteristics of new consumption patterns, and carry out diverse card-swiping discount activities in conjunction with consumer festivals. The implementation of personal consumer loan interest subsidy policies. Optimize the car loan process, relax application conditions, reasonably determine the loan disbursement ratio, term, and interest rate. Enrich credit products in bulk consumption areas such as green smart home decoration. Provide mobile payment services for "foreign card domestic binding" and "outsourcing for domestic use". Promote the securitization of retail loans assets such as personal consumption and credit cards to revitalize existing credit.