The Zhitong Finance App learned that on September 29, the Ministry of Natural Resources and the State Forestry and Grassland Administration issued the “Notice on Supporting the High Quality and Efficient Development of the Service Industry”. Among them, it is proposed that the conversion of standardized uses unleashes development vitality. On the premise that existing construction land and buildings conform to the territorial spatial plan and ensure safety, enterprises are supported to temporarily change use for service business operations, and to pay land income from operating income in accordance with law. With the approval of the people's governments at or above the county level, those using existing space to set up state-supported industries and industries can enjoy a five-year transition period policy that does not change the subject of land use or planning conditions. There is no need to make up payment of land income during the transition period, and those requiring paid use at the end of the period can be handled by means of an agreement sale or lease.

The Zhitong Finance App learned that on September 29, the Ministry of Natural Resources and the State Forestry and Grassland Administration issued the “Notice on Supporting the High Quality and Efficient Development of the Service Industry”. Among them, it is proposed that the conversion of standardized uses unleashes development vitality. On the premise that existing construction land and buildings conform to the territorial spatial plan and ensure safety, enterprises are supported to temporarily change use for service business operations, and to pay land income from operating income in accordance with law. With the approval of the people's governments at or above the county level, those using existing space to set up state-supported industries and industries can enjoy a five-year transition period policy that does not change the subject of land use or planning conditions. There is no need to make up payment of land income during the transition period, and those requiring paid use at the end of the period can be handled by means of an agreement sale or lease.