According to the website of the Ministry of Commerce on March 16, 17 departments including the Ministry of Commerce jointly issued a circular on Serving the Construction of New development pattern and Promoting high-quality development of border (cross-border) economic cooperation zones, proposing 15 measures.
The circular calls for strengthening work guidance on the construction of comprehensive bonded zones in border (cross-border) economic cooperation zones, supporting the orderly construction of bonded warehouses and other bonded supervision sites, and guiding related regions to do a good job in the trials of general VAT taxpayer qualification. In terms of factor supply, the Circular requires the coordination of all kinds of financial resources to support and increase the intensity of financial support.
We will make full use of existing funds and investment channels such as the Special Fund for foreign economic and trade development to guide and support the high-quality development of border (cross-border) economic cooperation zones. We will support banks in conducting cross-border two-way renminbi loans. We will increase support for primary loans and credit loans to small and micro businesses in accordance with regulations, and reasonably determine interest rates and fee rates.