MOFCOM and eight other ministries issued guidance to accelerate retail-sector
innovation and provide financing support. Key measures: back IPOs for eligible
new, high-quality retail firms; permit qualified retail operators to issue
asset-backed securities (ABS) and commercial REITs; encourage financial
institutions to offer retail-tailored industry credit policies; extend
service-sector loan interest-subsidy schemes to eligible retail borrowers. The
guidance also supports eligible department stores, shopping centers, community
retail and wet-market projects issuing infrastructure REITs, and calls for
increased financing for energy-saving, decarbonization and digital upgrades of
facilities and equipment, subject to legal compliance and controllable risk.
