Tourism industry: seven ministries jointly issued on financial support for the tourism industry to accelerate the development of a number of reviews

In the evening of February 16, the People's Bank of Development and Reform Commission, the Tourism Bureau, the CBRC, CSRC, CIRC, Administration of Foreign Exchange jointly issued a financial support to accelerate the development of tourism "(Yin Fa [2012] No. 32, hereinafter referred to as "views").
Conclusion:
The release of the "opinions" would significantly improve the environment for the development of tourism enterprises, and further increase the financial support of tourism real economy, mainly in the tourism enterprises in credit will receive greater support, and multiple financing channels of. Emphasized the distinction, supporting controlled: "the resource advantages and market potential but temporary operating difficulties of tourism enterprises, in accordance with the provisions of actively provide credit support on the golf course, a major theme parks, water sources, sightseeing agriculture and other countries. banned or restrict the development of tourism projects, should be strictly prohibiting or restricting the loans. "clear positioning to support high-quality companies at the same time, guide enterprises toward the established direction.
Scenic assets of the class of heavy companies benefit the most significant. Area of ​​early development requires substantial capital investment, currently the majority of domestic scenic spots are not very mature, the development of the operating cash flow rolling alone will slow down the pace of construction. "Opinion" to explore the tourist attractions the right to operate to carry out pledge and ticket sales, the right to pledge business, active in tourism enterprises of construction land use right mortgage, and the forest right mortgage loan business collateral; which is conducive to helping the area to obtain loans to accelerate its pace of development .
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The obvious policy to support the new policy catalyst is expected to have been introduced since 2009. "Opinions" on the "State Council on Accelerating the development of tourism," and the central turn tourism into the effective implementation of the strategic pillar industry in national economy, the future, as "National tourism and leisure Platform, the Travel Act," Travel Dictionary "come on stream, the tourism environment and quality of service will continue to improve, the national travel time is guaranteed and will travel increased dramatically, and is expected to" 12 "during the development of tourism speed in about 15% of GDP The proportion will be raised to more than 4.5%.
Optimistic about the business model and have a copy of the listed companies. We believe that the rich tourism resources in the future, a clear business model, in line with the national tourism development strategy for tourism enterprises is expected to get more policy orientation and financial support, with the replicability of the enterprise will take the opportunity to rapid expansion, to seize market share; and as listing of tourism enterprises, and can also be a suitable way to refinance or capital markets, mergers and acquisitions to become bigger and stronger. The focus of our coverage of listed companies in the business model and with replicability: CYTS (Buy), the Songcheng shares (buy) and the Jinjiang shares (buy).
Risk factors: a weak market valuation center of gravity.
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