Live Updates > Live Update Details
2025-12-14 15:48:43
[Notice from the General Offices of the Ministry of Commerce, the People's Bank of China, and the State Financial Regulatory Commission on Strengthening Business and Financial Coordination to Boost Consumption] This notice states: Local commerce departments are encouraged to fully utilize existing funding channels to actively carry out consumption promotion activities, forming a synergy with financial support to better unleash consumption potential. Localities with suitable conditions are encouraged to utilize digital RMB smart contract red envelopes to improve the effectiveness of consumption promotion policies. They are also encouraged to explore various methods, such as financing guarantees, loan interest subsidies, and risk compensation, based on local realities, to strengthen the coordination of fiscal, commercial, and financial policies and guide credit funds to increase investment in key consumption areas. Localities with suitable conditions are encouraged to support participation in key consumption projects such as health and wellness, cultural tourism, and emerging consumption areas such as digital and green consumption through various means. Banks and non-bank financial institutions are encouraged to leverage their respective strengths, strengthen complementary advantages, and collaboratively participate in consumption promotion activities to promote the upgrading of consumption quality.
