Core Viewpoint - The People's Bank of China, along with several government departments, has issued guidelines to enhance financial support for the construction of the Western Land-Sea New Corridor, aiming to improve the financial service system and promote high-quality development of the corridor [1][2]. Group 1: Financial Support Measures - The guidelines propose 21 key measures focusing on improving financial organization collaboration, constructing a high-quality capital circulation system, and advancing institutional reforms [1]. - Financial institutions are encouraged to establish specialized service mechanisms, providing preferential treatment in client access, credit approval, and internal fund transfer pricing [1]. - The establishment of a Western Land-Sea New Corridor Fund in Chongqing is aimed at supporting infrastructure and industrial park construction along the corridor [2]. Group 2: Diverse Financing Channels - The guidelines emphasize the use of various financing channels, including corporate credit bonds and real estate investment trusts (REITs), to meet the funding needs of different construction projects and operational entities [2]. - There is a focus on exploring market-oriented policies to convert existing infrastructure project debts into equity [2]. - The guidelines encourage collaboration with strategic resources such as the Asian Development Bank and the Silk Road Fund to promote mixed financing [2]. Group 3: Digital Financial Services - Support is provided for participating in multilateral central bank digital currency bridge projects, facilitating cross-border payments using digital currencies with countries like Thailand and the UAE [2]. - The guidelines advocate for the establishment of cross-border e-commerce digital service platforms to enhance service capabilities in collaboration with countries like Singapore [2]. - The People's Bank of China and the Chongqing Municipal Government will work together to implement these measures effectively [2].
中国人民银行等八部门出台21条重点举措支持西部陆海新通道高质量发展
Zheng Quan Ri Bao Wang·2025-12-24 13:11