China on Wednesday launched a national summer holiday cultural and tourism consumption campaign, with more than 450 million yuan (about 66 million U.S. dollars) worth of consumer vouchers to be distributed.
Organized by the Ministry of Culture and Tourism, the campaign aims to improve the supply of seasonal tourism products and services and encourage people to enjoy travel during the summer holidays.
Running from early July to late August, the campaign is expected to feature more than 30,000 activities nationwide, catering to popular travel demands, such as summer getaways, coastal vacations, night tourism, cruise trips and study tours.
The ministry, along with other relevant agencies, will put a series of support measures in place, ranging from travel information guides to preferential financial policies.
A launching event was held in Haibei Tibetan Autonomous Prefecture in northwest China's Qinghai Province on Wednesday.
This campaign comes as China has set a target of significantly enhancing people's access to and satisfaction with tourism by 2030, according to a new five-year tourism development plan issued on Tuesday.
China to issue 450 mln yuan in consumer vouchers for summer holidays
China's National Financial Regulatory Administration and the Shanghai municipal government have jointly rolled out a series of measures to develop Shanghai into a global reinsurance hub, the two authorities said Tuesday.
Specifically, the measures aim to facilitate smooth flows and efficient allocation of various factors in the Lingang new area of the China (Shanghai) Pilot Free Trade Zone, while encouraging major companies to centralize the management of their risk protection needs within the area.
Domestic insurers will be encouraged to register reinsurance contracts, claims and related information at the Shanghai International Reinsurance Registration and Exchange, the authorities said, adding that reinsurance institutions will be supported in raising capital, expanding shareholding and issuing capital-supplementary instruments.
Additionally, efforts will be made to leverage the Lingang new area's strengths in cross-border cooperation to attract insurance institutions to explore new growth opportunities, the authorities said.
They added that the measures are part of broader efforts to build Shanghai into an international financial center, a key task set out in the outline of China's 15th Five-Year Plan (2026-2030).
China unveils measures to build Shanghai into global reinsurance hub
