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CN MOC, PBOC, NFRA Strengthen Biz & Financial Coordination to Bolster Consumption More Vigorously
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China's Ministry of Commerce (MOC), the People's Bank of China (PBOC), and the National Financial Regulatory Administration (NFRA) jointly issued the "Notice on Strengthening Business and Financial Coordination to Bolster Consumption More Vigorously". This notice guides local relevant departments and financial institutions to enhance coordination and implement precise measures to closely integrate public welfare and consumption promotion, forming a stronger joint effort to boost and expand consumption. The notice proposes 11 policy measures in three areas. First, it is proposed to deepen collaboration between business and financial systems, strengthen the synergy of fiscal funds, credit funds, and social capital, and refine the implementation details. Second, it is proposed to step up financial support in key consumption areas, encouraging financial institutions to focus on upgrading product consumption, expanding service consumption, cultivating new types of consumption, innovating diversified consumption scenarios, and assisting consumption support in five key areas. Third, it is proposed to broaden cooperation among government, finance, and enterprises, encourage the synergy of "government-finance-enterprise" to expand consumption, conducting multi-level, multi-channel, and diversified consumption promotion activities and information sharing. AASTOCKS Financial News Website: www.aastocks.com |
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