Beijing plans to provide financial subsidies to operating units that take measures to reduce or exempt rents

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 Titanium Media App reported on August 10 that the Beijing Municipal Bureau of Commerce drafted the "Notice on Granting Subsidy Funds to Large Shopping Malls in the City during the Epidemic Period in 2022", and plans to provide financial subsidies to operating units that take measures to reduce or exempt rents. Department stores and shopping centers with a construction area of ​​more than 20,000 square meters in the administrative area of ​​Beijing (the complex is only the construction area of ​​the commercial part, excluding office buildings, hotels, etc.); from January 1 to August 31, 2022, for more than 30% of the resident merchants (number) have taken measures to reduce or exempt rent, and the period of reduction and exemption is more than 30 days (inclusive). For large shopping malls with a commercial building area of ​​more than 100,000 square meters (inclusive), 50,000 square meters (inclusive) to 100,000 square meters, and 20,000 square meters (inclusive) to 50,000 square meters, no more than 500,000 yuan and 250,000 yuan , 100,000 yuan of financial subsidies.

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