The People's Bank of China and five other departments have jointly issued a statement: Innovate financial products to meet the needs of household wealth management and increase the income from residents' assets.

The People's Bank of China and five other departments jointly issued the "Guiding Opinions on Financial Support for Boosting and Expanding Consumption". Among them, it mentions supporting residents in increasing income, enhancing consumer confidence. Strengthen financial services for operating entities such as private and small and micro enterprises, individual industrial and commercial households with strong absorption capacity for employment. Thoroughly implement the policy of entrepreneurship guarantee loans, encourage appropriate relaxation of conditions for applying for entrepreneurship guarantee loans according to local conditions, simplify approval processes, and promote income growth for individuals and enterprises that meet the conditions for entrepreneurship. Accelerate the market-oriented allocation of factors such as labor, capital, knowledge, and technology, improve and perfect financing service mechanisms, and increase disposable income for households. Innovate financial products that meet the needs of family wealth management, regulate investment and financial business of residents, and increase residents' property income.