MCT and China Development Bank Issue Opinions on Development-Finance Support for Culture and Tourism Industries
The MCT and China Development Bank issued opinions to deepen culture-finance cooperation and strengthen development-finance support for high-quality growth of the cultural and tourism industries.
To the departments (bureaus) of culture and tourism of all provinces, autonomous regions and municipalities directly under the Central Government, the Culture, Sports, Radio, Television and Tourism Bureau of the Xinjiang Production and Construction Corps, and all branches of China Development Bank:
In order to promote the continuous deepening of cooperation among culture, tourism and finance, continuously broaden the fields of cooperation and raise the level of cooperation, further improve the investment and financing system for the cultural industry and tourism industry, better give play to the advantages of development finance, increase the support of development finance for the high-quality development of the cultural industry and tourism industry, and advance the building of a socialist cultural power, the following opinions are hereby put forward.
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, comprehensively implement the spirit of the 19th CPC National Congress and the second, third, fourth and fifth plenary sessions of the 19th CPC Central Committee, thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council on coordinating the normalization of epidemic prevention and control with economic and social development, do a good job in the 'six stabilizations' and fulfill the 'six guarantees' tasks, closely follow the requirements of high-quality development and the goal of building a socialist cultural power, fully give play to the policy coordination advantages of culture and tourism administrative departments, better give play to the 'financing and wisdom' advantages and the leading and driving role of China Development Bank as a medium- and long-term financing bank serving the national strategy, increase the support of development finance for the cultural industry and tourism industry, and promote the high-quality development of the cultural industry and tourism industry.
(1) Support the construction of key and major projects. The Ministry of Culture and Tourism and China Development Bank, together with relevant ministries and commissions and financial institutions, will further increase financial support for key and major projects in the fields of the cultural industry and tourism industry; the two sides will jointly establish a whole-process and full-cycle management service mechanism for projects to promote their implementation. Implement major national strategies such as the coordinated development of the Beijing-Tianjin-Hebei region, the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the integrated development of the Yangtze River Delta, and the ecological protection and high-quality development of the Yellow River basin; implement the various deployments of the '14th Five-Year Plan'; strengthen the investment and financing guarantee for relevant cultural and tourism projects; and do a good job in investment and financing counseling, support and assessment. Increase the promotion, service and financing support for cultural industry and tourism industry projects within the scope of national cultural parks such as the Great Wall, the Grand Canal, the Long March and the Yellow River. Relying on normalized, branded and precise investment and financing promotion activities, guide social capital and financial capital to participate in project construction.
(2) Support the advancement of pilot and demonstration work. Support the construction of cultural tourism consumption venues and facilities in national cultural and tourism consumption demonstration cities and pilot cities. Support the construction of national cultural industry and tourism industry integration development demonstration zones and national-level nighttime cultural and tourism consumption agglomeration areas. Do a good job in financing support for national research-study travel demonstration bases, national all-region tourism demonstration zones, national A-level tourist attractions, national-level tourist resorts, national-level tourist leisure cities and blocks, national classic red tourism scenic spots, famous historical and cultural cities, towns and villages, and national key villages and towns for rural tourism. Support the standardized development of national-level cultural industry demonstration parks and national cultural industry demonstration bases, advance the establishment of cultural industry park investment funds, and continuously broaden financing channels.
(3) Support industrial innovation and development. Conform to the development trend of industrial digitalization and digital industrialization, implement the digitalization strategy of the cultural industry, actively use development finance to support the development of the digital cultural industry, support the application of new technologies such as 5G, big data, cloud computing and artificial intelligence, support a batch of demonstration projects of culture, tourism and technology integration and new-type cultural enterprises, guide the creation and production of high-quality and diverse digital cultural products, and improve quality, efficiency and core competitiveness. Support financial institutions in developing new financing products adapted to the characteristics of the digital cultural industry.
(This article is compiled from materials publicly released by the Ministry of Culture and Tourism; see the link at the beginning of the article for the original text.)