July 21，According to the website of the Ministry of Culture and Tourism，People's Bank of China、The Ministry of Culture and Tourism issued the "Notice on Financial Support for the Restoration and Development of the Culture and Tourism Industry"。

Proposed by "Notice"，Continue to increase financial support for the cultural and tourism industries。Utilize the dual functions of monetary policy tools in terms of volume and structure，Maintain reasonable and sufficient liquidity，Leverage the efficiency and guiding role of the loan market quoted interest rate reform，Promote the comprehensive financing costs of cultural and tourism enterprises to stabilize and decrease。Use refinancing、Rediscount、Inclusive small and micro loan support tools and other monetary policy tools，Guide banking financial institutions to improve and strengthen credit services to cultural and tourism enterprises。Provide differentiated financial services for cultural and tourism enterprises that have been greatly affected by the epidemic。Cultural and tourism administrative departments at all levels should give full play to the advantages of industry authorities，Develop a list of companies experiencing temporary difficulties affected by the epidemic。Cultural and tourism financial service centers in various places must play an active role，Proactively understand and collect information on the financing needs of cultural and tourism enterprises，Provide guarantee services for the implementation of various financial support policies，Encourage qualified cultural and tourism financial service centers to initiate the establishment of industry relief funds。

The "Notice" also mentioned，Further broaden financing channels for cultural and tourism enterprises。China Association of Financial Market Institutional Investors、188bet online sports betting The Interbank Market Clearing House Co., Ltd. and others must make good use of the established "ldquo;Green Channel”，Simplify business processes，Moderately relax information disclosure requirements，Increase support for qualified cultural and tourism enterprises。Encourage localities to adapt measures to local conditions，Explore the establishment of an asset evaluation system suitable for local cultural and tourism enterprises，Encourage various sub-industries of culture and tourism to explore and establish a value evaluation system for cultural and tourism products in the industry，To help further expand financing channels for cultural and tourism enterprises。Support local culture and tourism enterprise characteristics in various places、Asset characteristics, etc. to activate corporate assets，Enhance the company's own ";Hematopoietic function”，Financial institutions must provide appropriate financial services。

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Notice of the People’s Bank of China and the Ministry of Culture and Tourism on Financial Support for the Restoration and Development of the Culture and Tourism Industry

In order to thoroughly implement the Party Central Committee、The State Council’s Decision and Arrangement on Coordinating the Promotion of COVID-19 Epidemic Prevention and Control and Economic and Social Development，Conscientiously implement the requirements of the "Notice of the State Council on Issuing a Package of Policy Measures to Solidly Stabilize the Economy" (Guofa [2022] No. 12)，Play the financial management department、Cultural and Tourism Administration Department、Financial institutions work together，Promote the recovery and development of the culture and tourism industry，The relevant matters are now notified as follows:

1. Work objectives

In-depth understanding of the impact of the epidemic on the culture and tourism industry，Combining the characteristics of culture and tourism industry，Effectively improve financial services to the cultural and tourism industries，Stable team of employees，Promote the resumption of development of the culture and tourism industry as soon as possible，Leverage the culture and tourism industry to accelerate the construction of a new development pattern、Important role in promoting high-quality development，188bet Online Sports Betting and Casino Meet the people’s needs for a better life。

2. Work measures

(1) Continue to increase financial support for the cultural and tourism industries。Utilize the dual functions of monetary policy tools in terms of volume and structure，Maintain reasonable and sufficient liquidity，Leverage the efficiency and guiding role of the loan market quoted interest rate reform，Promote the comprehensive financing costs of cultural and tourism enterprises to stabilize and decrease。Use refinancing、Rediscount、Inclusive small and micro loan support tools and other monetary policy tools，Guide banking financial institutions to improve and strengthen credit services to cultural and tourism enterprises。

(2) Provide differentiated financial services to cultural and tourism enterprises that have been greatly affected by the epidemic。Cultural and tourism administrative departments at all levels should give full play to the advantages of industry authorities，Develop a list of companies experiencing temporary difficulties affected by the epidemic。Cultural and tourism financial service centers in various places must play an active role，Proactively understand and collect information on the financing needs of cultural and tourism enterprises，Provide guarantee services for the implementation of various financial support policies，Encourage qualified cultural and tourism financial service centers to initiate the establishment of industry relief funds。

The People's Bank of China and its branches, together with the cultural and tourism administrative departments at all levels，Organize banking financial institutions to understand the financing needs of cultural and tourism enterprises based on local actual conditions，Connect with the companies on the list online or offline。Banking financial institutions should combine their own functional positioning，In accordance with market principles，Via new loan、Extension or loan renewal, etc.，Actively support cultural and tourism enterprises to resist the impact of the epidemic，No blind restrictions on loans、Loan extraction、Loan termination。

(3) Improve the credit supply system for cultural and tourism enterprises。Banking financial institutions should combine their own business, culture and tourism industry characteristics，Optimize credit management for cultural and tourism enterprises、Loan Approval、Loan Approval、Credit management systems such as post-loan services and risk management，Improving the efficiency of credit services for cultural and tourism enterprises。In view of the production and operation characteristics of cultural and tourism enterprises，Innovative credit products，Develop cultural products、Scenic spot income rights and other mortgage and pledge financing，Enrich cultural and tourism enterprise credit financing tools。Promote active credit、Borrow and repay loan mode。Specialized cultural financial institution、The active role of special branches in improving and strengthening credit services to cultural and tourism enterprises。

(4) Further broaden financing channels for cultural and tourism enterprises。China Association of Financial Market Institutional Investors、The Interbank Market Clearing House Co., Ltd. and others must make good use of the established "ldquo;Green Channel”，Simplify business processes，Moderately relax information disclosure requirements，Increase support for qualified cultural and tourism enterprises。Encourage localities to adapt measures to local conditions，Explore the establishment of an asset evaluation system suitable for local cultural and tourism enterprises，Encourage various sub-industries of culture and tourism to explore and establish a value evaluation system for cultural and tourism products in the industry，To help further expand financing channels for cultural and tourism enterprises。Support local culture and tourism enterprise characteristics in various places、Asset characteristics, etc. to activate corporate assets，Enhance the company's own ";Hematopoietic function”，Financial institutions must provide appropriate financial services。

(5) Focus on reducing the financing costs of cultural and tourism enterprises.Banking financial institutions should make good use of refinancing、Rediscount and other related policies，Improving the pricing of financial services for cultural and tourism enterprises、Risk transfer and sharing mechanisms，Enhance technological empowerment，Further improve the efficiency of financial services for cultural and tourism enterprises。Encourage cultural and tourism administrative departments at all levels to rely on existing funding channels，Increase interest discount support for cultural and tourism enterprises affected by the epidemic。Give full play to the role of the government financing guarantee system in reducing the financing costs of cultural and tourism enterprises。

(6) Improve employment and credit information services for people working in the cultural and tourism industries。Encourage cultural and tourism administrative departments at all levels to take various measures to stabilize the workforce。Encourage banking financial institutions to rely on relevant information about cultural and tourism industry practitioners provided by cultural and tourism administrative departments at all levels，Apply based on lender，Flexibly adopt reasonable deferment of repayment time、Extend loan period、Adjust the repayment plan by deferring principal repayment and other methods，And submit credit records based on the adjusted repayment arrangement。

3. Work Arrangement

People's Bank of China and its branches、China Association of Financial Market Institutional Investors、Interbank Market Clearing House Co., Ltd.、Cultural and tourism administrative departments at all levels must further improve their sense of responsibility and urgency，Strengthen communication and cooperation，Innovative ways of working，Take multiple measures to promote the recovery and development of the culture and tourism industry，Summary typical experiences and cases in a timely manner and promote them。Banking financial institutions must combine their own actual conditions，Innovative financial service methods，Provide financial services to cultural and tourism enterprises。

Please ask branches of the People’s Bank of China to work with local culture and tourism administrative departments to inform relevant institutions within their jurisdiction of this notice。

People's Bank of China, Ministry of Culture and Tourism
July 21, 2022