Recently, the Ministry of Culture and Tourism and the China Development Bank has established Comments on Development Finance to Support High-Quality Development of Cultural and Tourism Industries (referred to as Comments), in which policies are financing plan, financial support and comprehensive financial service as well as five main tasks are listed, namely, construction of main tasks, pilot demonstration work, industrial innovation and development, development of market entities and international industrial cooperation.
According to Comments, the Ministry of Culture and Tourism, China Development Bank as well as other ministries and financial institutes should spend more effort to support key and important programs in cultural and tourism industries; to establish governance and service mechanism for projects’ full cycle and whole process and to push forward the complementation of the programs. A series of important national strategies also needed to be implemented, including the coordinated development of Beijing, Tianjin and Hebei, the development of Yangtze River economic belt, the Guangdong-Hong Kong-Macao Greater Bay Area, the integrated development of Yangtze River Delta and the ecological protection and high-quality development of Yellow River basin. Relating ministries and departments should carry out plans in the “14th Five Year Plan” requires to strengthen the guarantee of financing and investment of relating cultural and tourism projects as well as tutoring, supporting and valuating financing and investment. In addition, they need to support the service, financing, promotion and development of the Great Wall, the Grand Canal, Long March and Yellow River and other cultural and tourism industries in national cultural parks.
In the Comments, governments should support the construction of national cultural and tourism demonstration cities and pilot city’s venues and facilities as well as the building of integrated demonstration areas of national cultural and tourism industries and night gathering area of cultural and tourism consumption. The authority also need to give financing support to the construction of national research and study tourism demonstration bases, national all-for-one tourism demonstration areas, national class A tourism destinations, national tourism holiday resorts, national tourism leisure cities and streets, national red tourism classic scenic spots, famous historical and cultural cities, towns and villages and national key towns and villages of rural tourism.
It’s also wrote in the Comments, governments should use development finance to support digital cultural industry, new technology like 5G, new-type cultural enterprises and demonstration projects with integrated development of tourism, science and technology. They need to promote the innovation of mechanism and cooperation mode of demonstration areas for cultural and finance cooperation. The authority also need to use development finance to better support “Belt and Road” key programs of international cooperation of tourism and cultural industries.