Scenic area closed、The theater is closed、Project suspension...since the outbreak of the new coronavirus pneumonia，my country’s culture and 188bet online casino games industry has experienced the most severe impact in history。To help the cultural and 188bet online casino games industry tide over the difficulties，From national ministries to local governments，Successively introduced to cover loan financing、Tax reduction、A series of policy measures such as cost reduction，To alleviate the operating difficulties of cultural 188bet online casino games enterprises、Play an irreplaceable role in promoting the recovery of cultural 188bet online casino games。

However，Compared with the above inclusive policies，Important measures recently introduced by the Ministry of Culture and 188bet online casino games，Undoubtedly the most valuable in recent years、The strongest support、One of the most lasting policies，Therefore, it is called the "pressure stone" to promote the stable development of the cultural 188bet online casino games industry by local governments and the industry。

A bonus of 400 188bet online casino games has been released recently

Since the introduction of the special bond policy in 2015，About the meaning of local government 188bet online casino games、Classification、Advantages and policies on approval and issuance processes，Official and various platforms have given a more comprehensive interpretation，I won’t go into details here。

View the content of the "Notice" issued by the Ministry of Culture and Tourism，Although the full text is only about 800 words，But it strongly releases the country’s determination to promote the recovery of the cultural tourism industry at the macro policy level。According to incomplete statistics，Jiangsu recently、Anhui、Shandong、Sichuan、Hunan、There are important cultural and tourism project signings or cultural and tourism 188bet online casino games bond issuances in Jiangxi and other places，The estimated investment amount is about 400 billion yuan。

So what are the key points 188bet online casino games "Notice" that we need to pay attention to？

First, “188bet online casino games infrastructure” has become an important breakthrough

The "Notice" pointed out，Cultural and 188bet online casino games administrative departments in various places should take the initiative to contact local finance、Communication and docking between development and reform departments，Strive to include the culture and tourism industry into the key support scope of local government 188bet online casino games，We must seize the "window period" of centralized acceptance and application of current projects，Do a good job in applying for and preparing for qualified major projects in the cultural and tourism fields，Actively strive for 188bet online casino games bond support。

Everyone knows，Due to the COVID-19 epidemic and other reasons，The progress of "new infrastructure" has been seriously affected。Requirements of the State Council Executive Meeting on May 6，Based on the original seven key areas，The 2020 188bet online casino games bond also lists major national strategic projects separately、Key support，Allow local investment in education、Healthcare and other livelihood consumption upgrade fields，Especially to speed up 5G network、Construction of new infrastructure such as data centers。

The cultural tourism industry is a new service industry with high integration and innovation，has become an indispensable and important content in the construction of the "new infrastructure" system。For this，Incorporate the cultural tourism industry into the key support scope of local government 188bet online casino games，In line with the key support scope of national policies，Also meets the application conditions for major projects in key areas，More in line with the current urgent needs of the cultural tourism industry to resume work and production。

The second is "188bet online casino games positioning" to break the declaration boundary line

The "Notice" is clear，In the process of applying for major cultural and 188bet online casino games projects in various places，Position the proposed project as a major project with certain profitability，Determine the field according to the characteristics 188bet online casino games project。You can apply from identified key areas such as culture and 188bet online casino games，Can also be based on project characteristics，From ecology and environmental protection，Agriculture, forestry and water conservancy、Declarations must be made in areas related to culture and 188bet online casino games such as municipal and industrial park infrastructure。

This “repositioning” of cultural tourism 188bet online casino games，Breaking the past that ordinary local government 188bet online casino games can only be used for major infrastructure construction、Urbanization Project、Public welfare development project、Restrictions on public welfare capital expenditures such as poverty alleviation；Making major cultural tourism projects with certain profitability (including corporate operations)，Urgent needs can be solved by issuing 188bet online casino games for cultural tourism projects，You can also apply for financing by applying for bonds related to projects in key areas，Achieve self-balance in project income financing。

This move not only reasonably expands the scope of use of 188bet online casino games，It also provides innovation space for local governments to enrich the categories of 188bet online casino games。Since 2018，Sichuan、Zhejiang、Jiangxi and other places continue to innovate and practice in the field of culture and tourism 188bet online casino games，Special tourism bonds are being launched one after another、Cultural Tourism Special Debt、Red Tourism Special Bond、Special tourism poverty alleviation debt、Cultural Industry Special Debt、Tourism industry 188bet online casino games and other bond types，Provide capital support for major cultural and tourism projects with operating income。

Third, the “188bet online casino games model” spawns financing combinations

From the perspective of national policies and local practices in recent years，Local government 188bet online casino games are a new funding channel for local governments in addition to fiscal and tax revenue，Mainly through adopting the “universal borrowing and universal return” model，Legal borrowing to promote the construction of major projects。

Currently，High risk of local debt、The scale of new debt is under control，Coupled with factors such as the long investment return cycle of cultural tourism projects，Cultural tourism projects must strictly implement statutory limit management to obtain local government 188bet online casino games bond support。For this，Specially proposed in the "Notice"，It is necessary to actively coordinate financial institutions to provide supporting financing support for 188bet online casino games bond support projects，Do a good job in project promotion，Accelerate project implementation。

This move fully demonstrates，Scale of pilot classified issuance of 188bet online casino games in various regions，Should be coordinated and arranged within the local special debt limit approved by the State Council，The deficient part needs to be coordinated with financial institutions to provide supporting financing support for special bond support projects，Through stock-bond linkage、Building a good investment portfolio by combining investment and loans，Form a diversified investment and financing mechanism。

According to data released by the Ministry of Culture and Tourism: as of the end of March，23 local government 188bet online casino games were successfully issued in the cultural and tourism fields across the country、The total amount reaches 132.5.9 billion yuan。With the introduction of this policy，Cultural tourism 188bet online casino games may become an important starting point for local governments，The total issuance scale will increase significantly。

Seize the "window period" to seize the commanding heights

After the epidemic，With the help of national macro policies，All regions are particularly eager to seek the recovery of the cultural tourism industry，Many companies are cash-strapped due to the epidemic，Resulting in a relative hit to investment enthusiasm。So we grabbed the central government to increase investment、The "window period" of major policies such as boosting consumption，Promote the implementation of major cultural and tourism projects through the issuance of local government 188bet online casino games，Becomes the commanding heights that various places are competing for。

Sichuan Province is the first major province to issue tourism-specific bonds in the country，Back on January 2nd，On the Shanghai Stock Exchange, the first batch of new 188bet online casino games in 2020 were successfully issued in 24 tranches, totaling 356.7.1 billion yuan，Complete the 57 new bond limit of 62.4 billion yuan for Sichuan Province issued by the central government in advance in 2020.17%；Same day，Henan also disclosed that it will issue 12 tranches of 188bet online casino games totaling 51.9 billion yuan。Sichuan and Henan became the first provinces in the country to issue 188bet online casino games in 2020。

The first batch of new 188bet online casino games in Sichuan Province are divided into 376 sub-projects，Involving toll roads、Urban and rural infrastructure construction、Cultural Tourism、Industrial Park、Water Construction、Rural Revitalization、Ecological and environmental protection、Hospital、School and other public welfare projects，In line with the areas supported by the National Council and the construction scope of major projects supported by 188bet online casino games。Among them，The proportion of investment in cultural tourism projects is 5.67%。

△The main investment areas of Sichuan’s first batch of 188bet online casino games in 2020

January 10，The second batch of new 188bet online casino games in Sichuan Province in 2020 was successfully issued on the Shanghai Stock Exchange，Becomes the first province in the country to issue local government 188bet online casino games for the second time in 2020。A total of 23 issues of this batch of 188bet online casino games were issued，Total amount issued 150.6.7 billion yuan，All new 188bet online casino games。

This batch of 188bet online casino games has a total of 211 sub-projects，The project involves urban and rural infrastructure construction、Ecological and environmental protection、Industrial Park Construction、Toll Road、Water Construction、Rural Revitalization、School Construction、Hospital Construction、9 types of public welfare projects including cultural tourism。Among them，Special bond capitalization involves 2 projects，Total issuance amount 1.7.2 billion yuan；Special portfolio financing bonds involve 6 projects，Total issuance amount 4.1.2 billion yuan。

△The main investment areas of the second batch of Sichuan 188bet online casino games in 2020

February 27，The third batch of new bonds in Sichuan Province in 2020 was successfully issued。A total of 17 issues of local government bonds were issued in this batch，Total issuance 393.6.2 billion yuan，All new bonds。188bet online casino games were issued in 14 issues, totaling 116.6.2 billion yuan。Involving urban and rural infrastructure construction、Social undertakings、Construction of public health and epidemic prevention system、A total of 128 projects in 4 fields including rural revitalization。Among them，7 cultural tourism projects，Total issuance 4.1.1 billion yuan。

△The main investment areas of the third batch of Sichuan 188bet online casino games in 2020

May 18，The fifth batch of new 188bet online casino games in Sichuan Province in 2020 was successfully issued。A total of 17 new 188bet online casino games were issued in this batch，Total issuance 539.5.4 billion yuan，Involving 702 projects in total，The largest number of items issued in a single batch。The funds are mainly used for industrial park and infrastructure construction、Other transportation infrastructure、Construction of medical and health projects。Among them，Cultural tourism issuance amount is 12.5.8 billion yuan，Accounting for 2% of the total issuance.33%。

According to statistics from Cultural Industry Review (ID: whcypl): so far，Sichuan Province has issued new 188bet online casino games totaling 121 billion yuan in 2020，Guangdong、Shandong follows closely behind，Ranked third in the country；Five batches of 79 issues issued，Issue batch、Number one in the country；The number of issued projects reaches 1426，No. 1 in the country in terms of number of issued projects；Issue 16 cultural tourism 188bet online casino games、Total amount reaches 82.3.3 billion yuan，Ranking among the top in the country in terms of quantity and scale。

△The issuance of new cultural tourism 188bet online casino games in Sichuan Province in 2020

Compare with Sichuan Province，The first batch of new 188bet online casino games issued by Henan Province in 2020 totaled 12 issues，All new 188bet online casino games。Total issuance amount 51.9 billion yuan，The number of issuance periods has been shortened by 12 periods，The total issuance amount is 162 more.2.9 billion yuan，Became the first in the country to issue local government bonds (the first in the country to issue government bonds in 2020，The first province where the central government issued a new bond limit in advance and issued all new bonds)。

Looking at the categories issued by the two provinces，Henan Province’s first new 188bet online casino games bond is divided into 538 sub-projects，Project involves transportation and logistics infrastructure、Agriculture, forestry and water conservancy、Ecological and environmental protection、Social undertakings、Municipal and industrial park infrastructure、Other urban infrastructure and other public welfare projects，Related cultural or tourism projects are included in the social undertakings and issued，No single column。

△The main investment areas of the first batch of 188bet online casino games in Henan Province in 2020

Except Sichuan、Outside Henan Province，January 16，The first batch of new bonds in Anhui Province in 2020 were successfully issued on the Shanghai Stock Exchange。A total of 6 issues of local government bonds were issued in this batch，Total issuance amount 39.6 billion yuan，All new bonds (including 5 188bet online casino games totaling 27.7 billion yuan，General bonds total 11.9 billion yuan in 1 issue)。

△The first batch of new 188bet online casino games in Anhui Province in 2020 are mainly invested in areas

As of March 31st，Anhui Province has issued two batches of 12 tranches of local government bonds in 2020, totaling 723.0.1 billion yuan，10 tranches of 188bet online casino games totaling 58.7 billion yuan，General bonds 2 issues 136.0.1 billion yuan。Divided by purpose，New bonds of 70.6 billion yuan，Including new 188bet online casino games of 58.7 billion yuan，New general bonds of 11.9 billion yuan。

A total of 425 projects in two batches (193 in the first batch、Second batch of 232 pieces)，Involving infrastructure、Toll Road、12 project types including cultural 188bet online casino games。

△The issuance of two batches of new 188bet online casino games in Anhui Province in 2020

As of now，Guangxi Autonomous Region has issued three batches of 17 tranches of local government bonds in 2020，Total issuance 552.200 million yuan，Among them, 14 issues of 188bet online casino games totaling 30.8 billion yuan，New general bonds of 21.1 billion yuan。Mainly invested in industrial parks、Social field、Toll roads and other fields。Guangxi and Sichuan are both major cultural and tourism provinces，However, the number of cultural tourism 188bet online casino games issued is not large。According to incomplete statistics，Only 7 of the 217 projects in the 3 batches involve cultural tourism，Special bond issuance amount 8.6.1 billion yuan，Accounting for 2% of the total issuance.80%。

Meanwhile，As of May 18th，Shandong Province will issue 26 new 188bet online casino games in three batches in 2020, totaling 1329.1.5 billion yuan，Ranked second in the country in terms of issued amount。Three batches of 771 projects in total (the first batch of 327)、The second batch of 46、The third batch of 398) involves the construction of urban and rural municipal infrastructure and industrial parks、13 project types in key areas such as ecological environmental protection and social development。Among them，Cultural project issuance amount 23.3.7 billion yuan，1 of the total issuance amount.76%。

Jiangsu Province deserves special attention。Based on Cultural Industry Review (ID: whcypl)，As of now，Jiangsu Province has successfully issued 7 new local 188bet online casino games in two batches (the first batch of 4 batches issued a total of 35.7 billion yuan on January 13)。The second batch of 3 issues issued on May 12th totaled 46.3 billion yuan)，Total 82 billion yuan。Average issuance amount of a single project 1.8.5 billion yuan。Among them，Special bond issuance amount for cultural and tourism projects is 41.8.4 billion yuan，Accounting for 5% of the total issuance.1%。

△The proportion of two new batches of 188bet online casino games bond types issued by Jiangsu Province in 2020

According to statistics，As of May 17, 2020，A total of 37 regions across the country that are qualified to issue local government bonds issued 620 local government bonds，Scale is 21268.2.7 billion yuan。17998 new bonds among them.6.3 billion yuan，New 188bet online casino games 12742.9.9 billion yuan，New general bonds 5255.6.4 billion yuan。

Summarized analysis，In addition to Sichuan sorted out above、Anhui、Jiangsu、Henan、Outside Guangxi and other provinces (regions)，Other regions rarely release information on the issuance of 188bet online casino games for culture and tourism。This fully explains，Because it is restricted by category definition and scope，188bet online casino games in the field of culture and tourism have not yet received the attention of local governments，Fully incorporating local special bond issuance still requires policy promotion。This is also the main intention of the “policy” issued by the Ministry of Culture and Tourism。

△ Summary table of 188bet online casino games bond issuance in various provinces and cities across the country(Chart source: Hongchuang Zhisheng)

There are still "four deficiencies" that need to be solved

Comparison with bank credit products，Local government 188bet online casino games have many support areas、Long release cycle、Large financing amount、Low product interest rate、Strong risk resistance and other characteristics，To solve the long cultivation cycle、This is particularly critical for the cultural and tourism industries with high capital needs。However，Currently in actual operation and operation，There are still many difficulties、Pain points and blocking points。Mainly focus on the following four aspects。

188bet online casino games, insufficient grasp of policies

The "Notice on Doing a Good Job in the Issuance of 188bet online casino games for Local Governments and Supporting Project Financing" issued by the General Office of the CPC Central Committee and the General Office of the State Council this year，As well as policy documents such as the "Guidelines for the Issuance of 188bet online casino games for Industries in the Social Sector" and "Guidelines for the Issuance of 188bet online casino games for the Integrated Development of Rural Industries" issued by the National Development and Reform Commission in recent years，Junming pointed out that the special bond areas in the social field include health、Elderly Care、Education、Culture、Sports and Tourism，And rural revitalization、Ecological and environmental protection、Key areas such as urban infrastructure。

This time，The Ministry of Culture and 188bet online casino games once again made it clear in the "Notice"，In the process of applying for major cultural and 188bet online casino games projects in various places，You can apply from identified key areas such as culture and 188bet online casino games，From ecology and environmental protection，Agriculture, forestry and water conservancy、Declarations must be made in areas related to culture and 188bet online casino games such as municipal and industrial park infrastructure。

Judging from the actual number of issuances in various places，There is a widespread presence of “minority cadres”、The phenomenon of "most people watching"。There are basically two situations: on the one hand, most regions may not need 188bet online casino games cultural and tourism debt；On the other hand, 188bet online casino games cultural and tourism debt may not be obtained，Obviously there are more factors in the latter。The reason is insufficient understanding and grasp of policies。

For this，Suggestion: The Ministry of Culture and 188bet online casino games is in the next step of training，Make interpretation of relevant policies a key training content。

Second, insufficient 188bet online casino games reserves

Since last year，To manage the 188bet online casino games bond project，Preventing "half-baked" projects，The central government requires that all localities issuing 188bet online casino games government bonds must adhere to the principle that "the funds follow the project、The project follows the plan、Plan and follow the goal” positioning，Implementing a combination of quotas and independent declaration，Match bond issuance needs and issuance capabilities。

However，The phenomenon of emphasis on declaration and neglect of management is common in many places。such as，Discovered when the Guangdong Audit Office audited the newly added local government 188bet online casino games in 2018 in March 2019，There are 13 cities、55 counties total 138.7.6 billion yuan of new government bond funds are deposited in the financial department or budget (project) unit and have not been actually used。

The main reason for idle funds is，Some areas have not prepared project reserves in advance、Feasibility Study、Preparations such as planning and layout are not in place，As a result, the corresponding project cannot be found after the issuance of 188bet online casino games，"Money and other items" appear。For this，All localities must improve the quality of special bond project reserves，Make sure "it can be sent"、Good use、Still better”。

Third, insufficient independent space

Currently, 188bet online casino games are subject to "limits、Limited category、Limited time” management model: the central government approves the annual new quota from top to bottom，The quota approved in the current year can only be issued in the current year；The special bond quota issued every year has clear investment priorities，Because the city and county governments do not have the autonomy to issue issuance，In the application process, "hatted" bundling is mostly used，Resulting in the inability to effectively allocate later project funds。

For this，Recommendation: The State Council releases new local special bond quotas and key investment directions every year，In priority to ensure key areas determined by the central government、Based on the funding needs of key projects，Increase the choice of city and county governments in the use of 188bet online casino games，Reasonably guarantee the financing needs of key local urgently needed construction projects，Better use of bond funds。such as，The Ministry of Culture and Tourism can provide investment and financing needs for cultural tourism projects in various places，Provide demand list for cultural tourism 188bet online casino games to the National Development and Reform Commission and other departments。

Fourth is insufficient demonstration and guidance

Currently，There is a serious imbalance in the issuance of 188bet online casino games for cultural and tourism local governments by provinces, autonomous regions and municipalities across the country，And the area is too concentrated，Not compatible with the development requirements of the cultural and tourism industries。In addition to the above three factors，Another important issue is the lack of demonstration and guidance，Resulting in some provinces, autonomous regions and municipalities not paying enough attention to the issuance of cultural tourism 188bet online casino games、Not many experience methods。

Suggestion: Relevant departments and bureaus of the Ministry of Culture and Tourism have strengthened comprehensive surveys on the issuance of 188bet online casino games in the field of cultural tourism in various places，Timely summarizing and promoting successful experiences from various places，Discover and solve existing major and difficult problems。such as，Since Sichuan Province issued the country’s first tourism special bond in 2018，Exploring and forming a set of innovative distribution mechanisms and mature practices in the special field of cultural tourism。

Zairu，May 12，Jiangsu Province successfully issued the country’s first 188bet online casino games local government bond for the construction of the Grand Canal Cultural Belt，Not only expands the category of cultural tourism 188bet online casino games bond issuance，Also provides samples for bond issuance for similar national strategic projects。These successful experiences，It can be used as a typical case for demonstration and promotion in the national cultural tourism system。

Conclusion

Practical proof,Opportunities are always reserved for those who are prepared。Summarized analysis，This year will be the first since the issuance of local 188bet online casino games in 2015，The best year for the cultural tourism industry to receive support from national policies and local 188bet online casino games。On the one hand，This year’s local special bond issuance volume is huge，It is expected that the scale of new local government 188bet online casino games will reach 3.5 to 4 trillion；On the other hand，The Ministry of Culture and Tourism issued a document to promote support，Provided strong policy support in various places。

It is currently the "window period" for centralized declaration and issuance in various places，How the cultural 188bet online casino games industry can seize the opportunity in the 4 trillion market？How much is the real share？The key depends on the provincial government’s overall coordination of policy implementation，Attention to cultural 188bet online casino games industry，And the quality and market rate of return of 188bet online casino games projects under the same conditions。Anyway，Time waits not for us，Missed the current wave of bonuses，You may miss more development opportunities。

*Source of 188bet online casino games article: WeChat public account "188bet online casino games Industry Review"(ID: whcypl)，Author: Brother Xiaojun，Original title: "188bet online casino games local government bonds: 800-word notice from the Ministry of Culture and Tourism releases 4 trillion dividends》.