The two departments have issued notifications to increase financial support for culture and tourism enterprises

The Ministry of Culture and Tourism recently issued the "Notice on the Restore Development of the Cultural and Tourism Industry" (hereinafter referred to as the "Notice") in order to exert multi -party forces and promote the recovery and development of the cultural and tourism industry.

The "Notice" emphasizes that we must effectively improve financial services to culture and tourism companies, stabilize the team of employees, promote the resumed development of the culture and tourism industry as soon as possible, and give play to the importance of the culture and tourism industry in accelerating the establishment of a new development pattern and promoting high -quality development. Role to meet the needs of the people for a better life. At the same time, use the dual functions and structural dual functions of monetary policy tools, maintain reasonable 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. 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: People's Daily Online

- END -