Henan: Establish a sustainable urban construction operation investment and financing system.

Recently, the General Office of the Henan Provincial Committee of the Communist Party of China and the General Office of the People's Government of Henan Province issued the "Implementation Plan for Promoting High-Quality Urban Development". The plan proposes to establish a sustainable urban construction operation and financing system, coordinating the use of financial funds, social capital, and financial channels. Actively seek new types of policy financial instruments and other financial support. Under the premise of controllable debt risks, support qualified urban renewal projects to apply for local government special bonds, and increase support for projects in the field of urban renewal. Innovate fiscal and financial policy tools, attract and regulate the participation of social capital, and steadily promote the reform of public utility prices. Encourage financial institutions to provide diversified and long-term financial products and services to support urban renewal under the premise of being legal, compliant, risk-controlled, and commercially sustainable. Support eligible urban renewal projects such as old communities and old factory areas to issue real estate investment trust funds in the infrastructure sector in accordance with market-oriented and rule of law principles. Establish and improve project financing cooperation mechanisms, and normalize government-bank-enterprise matchmaking activities.