Lates News

The People's Bank of China and five other departments jointly issued the "Guiding Opinions on Financial Support to Boost and Expand Consumption." Support the construction of consumer infrastructure. Explore and innovate financial products and financing models adapted to the characteristics of funding demand in key areas of consumer infrastructure construction such as cultural, tourism, and sports facilities, event and performance venues, medical and elderly care facilities, communication base stations, charging equipment, and elderly-friendly renovations. Encourage financial institutions to actively connect with major projects in the consumer sector, optimize financial products and services, set reasonable loan approval conditions based on the borrower's credit status and repayment ability, project investment return cycle, and increase loan issuance efforts. Support the cultivation and construction of international consumption center cities, new consumption formats, new models, and new scenes by providing a full industry chain and financial services throughout the entire life cycle for the renovation and upgrading of pedestrian streets, commercial facilities, community convenience service facilities, and county-level commercial systems. Support qualified consumer infrastructure to issue real estate investment trusts in the infrastructure sector.