Beijing: Supporting the construction of consumer infrastructure and commercial distribution system.

The People's Bank of China Beijing Branch and 12 other departments issued the "Implementation Plan for Financial Support for Boosting and Expanding Consumption in Beijing". The plan proposes to support the construction of consumption infrastructure and the commercial circulation system. It encourages financial institutions within its jurisdiction to actively connect with key projects in the construction of Beijing as an international consumer center city and other major projects in the consumption field, focusing on upgrading and renovating commercial areas, updating business formats, and improving the circulation system. It aims to optimize financial products and services, adjust loan approval conditions based on the borrower's credit status and repayment ability, project investment return period, establish reasonable loan terms, provide preferential loan rates, and reduce financing costs for market entities. It also supports the issuance of Real Estate Investment Trusts for qualified consumption infrastructure in the infrastructure sector.