In order to vigorously boost consumption and better meet the consumer demand of the people, Huai'an Municipal Bureau of Commerce, together with the Municipal Finance Bureau and the Municipal People's Bank of China, carried out a series of spring automobile consumption promotion activities to further promote the "good start" of Huai'an's consumer market.

The first is the spring automobile consumption subsidy activity. A financial fund of RMB 5 million will be allocated for the automobile consumption promotion in spring, and a direct subsidy of RMB 2,000-4,000 will be given to individual consumers who buy passenger cars with 7 seats or less from automobile dealership enterprises in Huai'an during the activity. Allocating a fund ratio of RMB 600,000, banks will participate in the event and work with 120 Huai'an automobile sales enterprises to launch various promotional activities such as vehicle model discounts and license plate subsidies, with subsidies totaling over RMB 100 million.

The second is the zero down payment interest-free financial gift package activity. The city will work with the Municipal People's Bank of China to launch financial institution automobile consumption promotion activities, and coordinate the participation of 14 financial institutions including the Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China in the city. The event launched financial policies such as zero down payment, 5-year interest-free, and installment discounts. It will strengthen policy publicity through online and offline methods to further promote automobile consumption with financial policies.

The third is the dual-benefit activity of oil and electricity digital currency. During the event, consumers who use digital RMB Class I and II wallets for the single offline consumption of RMB 200 or more at Sinopec, PetroChina and other gas stations can receive a random discount of RMB 20-50 on site. Through a combination of policies, finance and activities, the city will further stimulate market vitality, highlight the convenience and benefit to the people, and help the prosperous development of the consumer market.