The People's Bank of China (PBOC) and five other departments have issued the Guiding Opinions on Financial Support to Boost and Expand Consumption, which rolled out 19 measures focused on key areas and links in consumption, with an emphasis on enhancing the professional service capabilities of financial institutions and expanding financial supply in the consumption sector.

The opinions proposed strengthening incentives for structural monetary policy tools. Financial institutions are encouraged to provide loans to various business entities in key service consumption sectors such as wholesale and retail, accommodation and catering, culture and entertainment, tourism, education, and resident services, supporting these entities in improving the quality and efficiency of service consumption supply.

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The opinions also called for the active development of equity financing. High-quality and eligible enterprises along the consumption industry chain (including production, distribution, and end-user sectors) will be supported in raising funds through IPOs, listings on the NEEQ, or other initiatives.