Six departments: Support residents in increasing their income through employment, and strengthen consumer confidence.

The People's Bank of China, along with five other departments, jointly issued the "Guiding Opinions on Financial Support to Boost and Expand Consumption," supporting residents in increasing their incomes through employment and enhancing consumer confidence. They are strengthening financial services for private enterprises, small and micro enterprises, and individual businesses with strong employment absorption capacities. They are implementing the entrepreneurship guarantee loan policy to encourage individuals and businesses to start businesses and increase their incomes by appropriately relaxing the application conditions for entrepreneurship guarantee loans and simplifying the approval process. They are accelerating the market-oriented allocation of factors such as labor, capital, knowledge, and technology, and improving the financing service mechanism to increase disposable income for households. They are innovating financial products that meet the needs of family wealth management, regulating residents' investment and financial management businesses, and increasing residents' property income.