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CN Prioritizes Support for REIT Issuance by Community Biz & Others, Backed by RMB500B in Re-lending & Interest Subsidy Policies
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China's Ministry of Commerce (MOC), National Development and Reform Commission (NDRC), Ministry of Finance (MOF) and other departments issued a Notice on Strengthening the Promotion and Expansion of the 15-Minute Urban Community Life Circles, outlining a new round of deployment for the building of community life circles nationwide, with an aim to solidly advance the construction of community life circles. The notice clarifies that community commercial infrastructure will be prioritized for REITs support, encouraging financial institutions to support the revitalization of idle commercial facilities around communities, prioritizing the development of services for the elderly and children. The policy fully utilizes the RMB500 billion in re-lending for service consumption and elderly care, guiding financial institutions to increase support and implement interest subsidy policies for service industry business entities, etc.. AASTOCKS Financial News Website: www.aastocks.com |
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