Luo Zhiheng, Chief Economist and Dean of the Research Institute of Yuekai Securities: Interest subsidy policy can leverage fiscal funds to boost consumer market vitality.

In his view, interest rate subsidy policy can not only reduce the financing costs of enterprises and residents, but also play a lever and leverage role for fiscal funds. The pure and direct fiscal subsidy multiplier effect is not high, but through interest rate subsidy, a larger amount of funds can be leveraged, which is conducive to improving the efficiency of fiscal fund utilization.