Three Authorities Call for Strengthening Coordination Between Commerce and Finance to Boost Consumption with Greater Efforts

Recently, the Ministry of Commerce (MOFCOM) and two other authorities have jointly issued the Circular on Strengthening Coordination Between Commerce and Finance to Boost Consumption with Greater Efforts (the "Circular").

The Circular sets out 11 policy measures across three areas: (1) deepening collaboration between the commerce and financial systems; (2) increasing financial support for key areas of consumption; and (3) expanding cooperation among government agencies, financial institutions, and enterprises. The Circular calls on local authorities to strengthen communication and collaboration, encourage regions with conditions to improve communication and collaboration mechanisms, and enhance synergy among fiscal funds, credit resources, and private capital. It also urges localities to place detailed implementation rules into practice to jointly deliver a strong package of policies. Meanwhile, financial institutions are encouraged to improve financial products and services in five priority areas—upgrading commodity consumption, expanding service consumption, fostering new forms of consumption, innovating diversified consumption scenarios, and supporting consumption-driven assistance efforts. The goal is to promote stronger alignment between supply and demand, improve the suitability of financial services for goods and service consumption, advance new forms of consumption suited to local conditions, support the development of new consumption formats, models and scenarios, and ensure thorough implementation of various financial support measures.



(Source: https://www.mofcom.gov.cn/zwgk/zcfb/art/2025/art_e9b7a743c8784b659b807c1e60d38226.html)

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