General Office of the Central Committee of the Communist Party of China and General Office of the State Council: Increase support for central budget investment and other forms of assistance, and provide support for projects that meet the conditions through ultra-long-term special national bonds.
The General Office and the State Office issued the "Opinions on Continuing to Promote Urban Renewal Actions". Improve diversified investment and financing methods. Increase support from central budget investments, providing support to eligible projects through ultra-long-term special national bonds. Central finance should support the implementation of urban renewal actions. Local governments should increase financial input, promote the integration and coordinated use of relevant funds, and support eligible urban renewal projects through the issuance of local government special bonds under the premise of controllable debt risks, strictly prohibiting illegal debt financing. Implement tax and fee reduction policies related to urban renewal. Encourage various financial institutions to actively participate in urban renewal under the premise of lawful compliance, controllable risks, and commercially sustainability, and strengthen credit support. Improve market-oriented investment and financing models, attract social capital to participate in urban renewal, and promote the issuance of infrastructure real estate investment trusts, asset securitization products, corporate credit bonds, etc. for eligible projects in the field.
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