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Ministry of Commerce and nine other departments: Support eligible new high-quality retail enterprises to list; support eligible retail operating entities to issue asset-backed securities and commercial real estate investment trust funds.

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The Ministry of Commerce and nine other departments issued guidelines on accelerating innovative development in the retail sector. Among other things, it calls for providing financing support. Support the listing of new, high-quality retail enterprises that meet the requirements. Support qualified retail operating entities in issuing asset-backed securities and commercial real estate investment trust funds (REITs). Support financial institutions to introduce industry credit policies tailored to the characteristics of the retail sector. Promote that qualified retail operating entities benefit from loan interest subsidy policies for business entities in the services sector. Support qualified consumer infrastructure projects such as department stores, shopping centers, community commercial facilities, and farmers’ markets in issuing real estate investment trust funds in the infrastructure sector. Under the premise of compliance with laws and regulations and controllable risks, step up financial support for energy-saving and carbon-reduction upgrades of facilities and equipment and digital transformation.
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