Core Insights - The article discusses the "Work Plan for Accelerating High-Quality Development of the Service Industry" issued by the Luoyang Municipal Government, which aims to enhance the service sector's contribution to economic growth and improve living standards by 2027 [1] Group 1: Development Goals - By 2025, Luoyang plans to add 150 various innovation platforms and achieve a 10% annual growth in online retail sales [1] - The proportion of emerging services in the total service industry is expected to exceed 60% by 2025 [1] - By 2027, the service industry's growth rate is projected to rank among the top in the province [1] Group 2: Financial Services Framework - The plan emphasizes the establishment of a comprehensive financial service system that focuses on equity investment and integrates various financing methods to support the entire lifecycle of enterprises [1] - Continuous promotion of initiatives like "Funds into Luoyang" and "Insurance Capital into Luoyang" is highlighted [1] - A total scale of 1 billion yuan (approximately 150 million USD) is allocated for the Luoyang Angel Investment Fund to attract and cultivate long-term and patient capital [1]

Core Viewpoint - The Luoyang Municipal Government has issued a plan to accelerate the high-quality development of the service industry, aiming for significant growth in various sectors by 2025 and 2027, with a focus on innovation, financing, and enhancing service quality [1][6]. Summary by Sections Overall Requirements - The plan aligns with provincial policies to enhance service industry development, emphasizing the integration of local conditions and clear action plans to ensure effective implementation [5][6]. Work Measures - The strategy includes promoting specialized and high-end development in productive services, enhancing logistics, technology services, and modern finance, while also focusing on improving living services and public service capabilities [7][8]. Financial Support - A comprehensive financial service system will be established, focusing on equity investment and various financing methods to support the entire lifecycle of enterprises, particularly small and micro businesses [1][7][12]. Encouragement of New Business Models - The plan encourages the expansion of new financing models and the establishment of risk investment funds to support early-stage service enterprises and new business formats [3][12]. Development of E-commerce and New Retail - The plan aims to grow platform economies, including live-streaming and cross-border e-commerce, and to encourage the establishment of flagship stores for well-known brands [4][10]. Public Service Enhancement - The initiative includes improving public services such as healthcare and childcare, and enhancing community services to meet diverse and high-quality living demands [8][9]. Consumption Expansion - The plan focuses on expanding service consumption by promoting new consumption scenarios and upgrading traditional commerce, including the development of cultural and tourism services [9][10]. Support for Key Enterprises - The government will implement a support system for key enterprises, ensuring that policies reach them effectively and that investment projects progress swiftly [11][12]. Infrastructure and Project Support - Major service industry projects with investments over 50 million yuan will be prioritized, with mechanisms in place to ensure rapid project advancement [13][14]. Organizational Assurance - A dedicated working group will be established to oversee the implementation of the service industry development plan, ensuring coordination among various departments and stakeholders [15][16].