Ministry of Commerce, People's Bank of China, and China Banking and Insurance Regulatory Commission jointly issued the "Notice on Strengthening Commerce and Financial Collaboration to Boost Consumption with Greater Efforts".

On December 14, the Ministry of Commerce, the People's Bank of China, and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Strengthening Business and Financial Coordination to Boost Consumption with Greater Efforts." The notice focuses on key areas such as commodity consumption, service consumption, new consumption, consumption scenarios, and consumer support, as well as key mechanisms, implementation, and synergy, putting forward 11 policy measures in 3 aspects. Firstly, deepen systematic collaboration. Guide local relevant departments to establish and improve coordination mechanisms, strengthen routine communication, refine support measures, and enhance fiscal, commercial, and financial policy coordination. Secondly, increase financial support. Enhance and improve financial products and services, strengthen scenario integration, ecological integration, increase adaptability in the consumption sector, assist in upgrading commodity consumption, expanding service consumption, cultivating new types of consumption, innovating diverse consumption scenarios, and providing consumer support. Thirdly, expand cooperation. Encourage joint consumer promotion activities, expand various forms of information sharing, conduct effective publicity and guidance, enhance the sense of access for businesses and consumers, and promote the effective implementation of various policy measures. The notice emphasizes the need to strengthen coordination, ensure effective policy alignment, work coordination, and complementary advantages between departments; implement policies effectively, encourage local departments and financial institutions to refine and improve financial support measures in accordance with actual conditions, and stimulate consumption potential; strengthen tracking and guidance, timely share progress, summarize and promote typical experiences and practices. This text was originally published on the Ministry of Commerce's official website.