On December 31, 22 departments including the Ministry of Commerce issued the “Fourteenth Five-Year Plan for Domestic Trade Development” (referred to as the “Plan”) to support the listing and financing of qualified domestic trade companies.
The “Plan” puts forward development goals, and by 2025,The total retail sales of social consumer goodsReach about 50 trillion yuan; the added value of wholesale and retail, accommodation and catering industries will reach about 15.7 trillion yuan; by 2025, online retail sales will reach about 17 trillion yuan.
The “Plan” proposes to insist on innovation and lead, promote the digitalization and intelligentization of circulation; promote the quality and expansion of consumption, and promote the formation of a strong domestic market; build a unified national market and promote the construction of a high-standard market system; serve the revitalization of rural areas and promote rural commercial andAgricultural productsCirculation modernization; 9 major tasks such as promoting commercial-industry integration and promoting a higher level of dynamic balance between supply and demand.
For example, in terms of strengthening the construction of digital infrastructure, the “Planning” stated that it will coordinate and promote the construction of traditional and new infrastructure, and promote 5G networks and the Internet of Things to give priority to covering urban business circles, commodity trading markets, large-scale commercial complexes, and business logistics parks. Strengthen the construction of new networks, technologies and computing power infrastructure such as artificial intelligence, cloud computing, blockchain, and big data centers. Promote the informatization and intelligent transformation of logistics facilities and equipment such as warehousing, transportation, sorting, packaging, and distribution.
In terms of actively cultivating new types of consumption, the “Plan” encourages the development of consumption development such as customization, experience, intelligence, and fashion, and continuously expands information consumption, digital consumption and green consumption. Accelerate the transformation and upgrading of new consumption places, strengthen the construction of intelligent service terminals, innovate contactless consumption models, and encourage the layout and construction of smart retail outlets in office buildings, residential quarters, commercial blocks, tourism and leisure blocks, and tourist attractions. Actively promote night-time consumption and vigorously develop holiday consumption. Encourage the strengthening of the first store economy and the first launch economy. Speed up the development of the silver economy, develop technologies and products suitable for aging, and cultivate new forms of smart elderly care. Encourage the development of related new formats such as infant care. Improve the city’s duty-free shop policy, and plan to build a batch of duty-free shops with Chinese characteristics.
The “Plan” also put forward safeguard measures. Make full use of existing funding channels to support the development of domestic trade related fields. Incorporate qualified public welfare circulation infrastructure construction and convenient service network construction into the scope of special bond support for local governments. Continue to implement preferential VAT policies for small-scale taxpayers. Circulation enterprises that have been identified as high-tech enterprises or technologically advanced service enterprises can enjoy preferential tax policies in accordance with regulations.
The “Plan” stated that social capital is encouraged to establish domestic trade development industry investmentfund. Encourage various financial institutions to provide financial support for the construction of circulation infrastructure. Promote government-private capital cooperation (PPP) in a standardized and orderly manner, and steadily advance the pilot work of real estate investment trust funds (REITs) in the infrastructure sector.Steadily promote the development of supply chain finance, enrich supply chain financial service products, standardize the development of supply chain inventory, warehouse receipts and order financing, and develop supply chain financial assetsSecuritiesTo improve the financing efficiency of accounts receivable for small, medium and micro enterprises. Support qualified domestic trade companies to list and raise funds and issue corporate bonds, corporate bonds, and non-financial corporate debt financing tools to raise development funds through multiple channels. Guide financial institutions to provide more financial products that directly reach the operating entities of all circulation links.
(Article Source:SecuritiesDaily News)
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