A joint policy opinion from eight Chinese ministries says authorities will broaden financing channels for the service sector: support eligible service firms to issue bonds and promote credit‑enhancement and bond‑support tools to boost funding capacity. While strictly guarding risk limits, the guidance encourages eligible financial institutions to issue financial bonds in line with rules to expand services‑sector credit supply. It directs measures to improve financing for early‑stage, small, long

A joint policy opinion from eight Chinese ministries says authorities will broaden financing channels for the service sector: support eligible service firms to issue bonds and promote credit‑enhancement and bond‑support tools to boost funding capacity. While strictly guarding risk limits, the guidance encourages eligible financial institutions to issue financial bonds in line with rules to expand services‑sector credit supply. It directs measures to improve financing for early‑stage, small, long‑term and hard‑tech investments using venture capital and industry funds, and to support eligible service firms’ listings and M&A. The opinion calls for growing long‑term and patient capital for sustained service‑sector investment, and for greater use of asset securitization and infrastructure/commercial REITs to unlock stable cash‑flow service assets (eg. modern logistics, cultural‑tourism, health‑care). It also promotes tailored finance‑leasing for operators holding transport equipment and machinery and expanded leasing services for SMEs.