Zhongfangbao: Financial credit should be good at demolishing "walls" and building "bridges"

Urban renewal and the transformation of urban villages cannot be separated from the support of financial credit. Recently, the Shanghai municipal government issued the implementation opinions on accelerating the transformation of urban villages, explicitly stating support for banking financial institutions to provide loans for the transformation of urban villages, actively attracting social funds to participate in the transformation of urban villages, and exploring the issuance of corporate bonds. People often say: "Fill in what is lacking." For the important matter of urban village transformation, now is the time when everything is ready, only the east wind is needed. The smooth flow of financial funds can win the initiative in the work of urban village transformation, this is the logic of putting the people first, and also the key to opening the door of development. The reform, development, and growing strength of banking financial institutions can be said to be achieved by tearing down "walls" and building "bridges". Currently, many cities are striving to make good use of local government special bonds and increasing the investment of financial funds at the municipal and district levels to promote the transformation of urban villages. However, faced with the urgent need for a large amount of development funds, the "go-it-alone" style of innovation has proven to be ineffective. Breaking the invisible "walls" between financial capitals, promoting collaborative innovation in primary financing and diversified financing, has become the most crucial breakthrough needed.