China issues guidelines on financial support for boosting consumption

China on Wednesday released guidelines aimed at using financial tools to boost consumption, with pledges to support employment and raise household incomes as part of broader efforts to spur domestic demand.

The guidelines, drafted jointly by six government departments and released by the central bank, said China will support eligible companies across the consumer industry chain to raise funds through stock market listing and other channels.

The country will also encourage the issuance of consumer-focused exchange-traded funds, and support eligible projects in issuing Real Estate Investment Trusts (REITs) in the infrastructure sector, the guidelines showed.

Reuters