The central bank and other departments have issued documents to support the restoration and development of the travel industry

The Ministry of Culture and Tourism of the People's Bank of China recently issued the "Notice on the Restoration of the Cultural and Tourism Industry of Financial Supporting Culture and Tourism" to effectively improve financial services to culture and tourism companies, exert multi -party forces, and promote the recovery and development of the culture and tourism industry.

The "Notice" pointed out that the two functions and structural dual functions of monetary policy tools are used to maintain reasonable liquidity and adequate liquidity, and use monetary policy instruments such as re -loan and discounting to guide banking financial institutions to improve and strengthen credit services for cultural and tourism companies. Essence Encourage cultural and tourism administrative departments at all levels to increase discount support for enterprises affected by the epidemic, and give play to the role of government financing guarantee system in reducing the financing costs of cultural and tourism enterprises.

The "Notice" requires that the cultural and tourism administrative departments at all levels should give play to the advantages of the competent industry department, and formulate a list of companies in difficulty in the impact of the epidemic. The People's Bank of China and its branches, together with cultural and tourism administrative departments at all levels, organize banking financial institutions to understand the financing needs of enterprises and connect with the enterprises in the list. Banking financial institutions should actively support cultural and tourism enterprises to resist the impact of epidemic conditions, and improve the credit supply system for cultural and tourism enterprises through various methods such as innovative products.

The "Notice" proposes to further expand the financing channels of cultural and tourism companies, and increase support for eligible cultural and tourism companies to issue bonds. Explore the establishment of cultural and tourism enterprise assets and product evaluation systems, and support the revitalization of culture and tourism enterprise assets. Encourage various measures to stabilize the cultural and tourism industry practitioners, and improve credit recruitment services for practitioners in the culture and tourism industry.

Source: Economic Reference News

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