Eight Departments Encourage Financial Institutions to Provide Diverse Services for Transport and Logistics Firms

Deep News
Jan 27

On January 26, the National Financial Regulatory Administration announced on its official website that eight departments—including the Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the National Financial Regulatory Administration, the National Railway Administration, the Civil Aviation Administration of China, and the State Post Bureau—jointly issued the "Action Plan for Accelerating the Cultivation of Leading Transport and Logistics Enterprises and Enhancing the Service Support Capability of Industrial and Supply Chains."

The plan emphasizes the implementation of policies related to strengthening natural resource factor support to promote high-quality development in modern logistics within the transport and logistics sector, enhancing spatial supply for logistics development, and providing support for enterprise project construction in terms of land and maritime use. It calls for strengthened coordination among government, banks, and enterprises, encouraging Financial Institutions to offer diversified financial services tailored to the characteristics of logistics supply chains for transport and logistics companies. Enhanced data sharing and cross-verification between logistics supply chain enterprises and Financial Institutions will be promoted to support Financial Institutions in improving their supply chain finance services. Financial Institutions are also encouraged to optimize and refine insurance products, providing insurance services to help transport and logistics firms expand into international markets.

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