China News Service, April 3rd. According to the website of the Ministry of Commerce, recently, the Ministry of Commerce and the Bank of China jointly issued the "Notice on Responding to the New Coronary Pneumonia Epidemic Situation, Improving Financial Services, Supporting the Improvement and Promotion of Pedestrian Streets" to guide and help pedestrian streets around the country to do a solid job. Under the premise of prevention and control of the epidemic, scientific and orderly promotion of resumption of business, financial support to the upgrading of pedestrian streets, and promotion of consumption upgrades.

Data Map: Brightly lit urban business districts and pedestrian streets in downtown Guiyang. Photo by Qu Honglun

The notice pointed out that promoting the upgrading of pedestrian streets is conducive to stimulating consumption, promoting investment in urban construction, and expanding employment. Especially in the current critical stage of overall promotion of epidemic prevention and control and economic and social development, it is particularly significant to further strengthen financial services' support for pedestrian street reconstruction and upgrading and return to business. Relying on the Bank of China's global layout and financial professional advantages, the two departments have proposed the “Supporting the Pedestrian Street Reconstruction and Improving Exclusive Financial Services Program”, which focuses on the construction and management of pedestrian streets, the development of large-scale retailers in pedestrian streets, settlement and financing of small and micro merchants in pedestrian streets, and promotion of personal consumption. 4 In this regard, 16 support measures were proposed to provide comprehensive financial services for the pedestrian street.

The notice clearly states that local commercial authorities and branches of the Bank of China should focus on the pilot pedestrian streets identified by the Ministry of Commerce and combine the pedestrian street renovation and upgrading work carried out in various places to "tailorize" a series of targeted and flexible financial services for pedestrian streets. Program. Based on the current situation, we must focus on solving the problem of capital turnover difficulties encountered by merchants in the neighborhood, especially small and micro businesses, and provide customized financial services for key businesses and businesses in difficulty. Resume the consumer atmosphere in the shortest time; also look at the long-term, make overall use of credit, bonds, equity and other methods to increase support, promote smart finance, promote personal consumption, facilitate tax refunds for departure, promote deep integration of online and offline, and introduce world-renowned Brands and international high-quality passenger flow, constantly improve the quality and popularity of the neighborhood.

The notice requires that local competent commercial authorities and branches of Bank of China should establish a working mechanism for regular exchanges, strengthen information sharing, closely track work progress, follow up project progress in a timely manner, implement various support policies in place, and effectively bring financial services to the development of pedestrian streets. Support role.