--- title: "Nine departments: Encourage financial institutions to cooperate with key merchants to plan exclusive activities for the Spring Festival, offering consumption red envelopes, discounts, and other benefits" type: "News" locale: "en" url: "https://longbridge.com/en/news/274456647.md" description: "The Ministry of Commerce and 9 other departments released the \"2026 'Happy Shopping Spring Festival' Special Activity Plan,\" encouraging financial institutions to cooperate with key merchants to launch exclusive Spring Festival activities, such as consumption red envelopes and discounts. This aims to expand the coverage of the activities. At the same time, in conjunction with local consumption promotion activities, measures such as payment discounts and points redemption for cash will be introduced to encourage the use of digital RMB consumption red envelopes, and to strengthen the technical support for mobile red envelopes to meet the demand for small cash transactions" datetime: "2026-02-02T03:37:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274456647.md) - [en](https://longbridge.com/en/news/274456647.md) - [zh-HK](https://longbridge.com/zh-HK/news/274456647.md) --- # Nine departments: Encourage financial institutions to cooperate with key merchants to plan exclusive activities for the Spring Festival, offering consumption red envelopes, discounts, and other benefits The Ministry of Commerce and nine other departments issued the "2026 'Happy Shopping Spring Festival' Special Event Plan." It proposes to increase financial support. Financial institutions are encouraged to collaborate with key merchants to plan exclusive Spring Festival activities, offering consumer red envelopes, discounts, and other benefits to expand the coverage of the events. In conjunction with local consumption promotion activities, measures such as payment discounts and points redemption for cash are introduced, encouraging the use of digital RMB smart contract consumer red envelopes. Sufficiently meet the demand for small cash and strengthen the technical support for mobile red envelopes ### Related Stocks - [83420.HK](https://longbridge.com/en/quote/83420.HK.md) - [03420.HK](https://longbridge.com/en/quote/03420.HK.md) - [03192.HK](https://longbridge.com/en/quote/03192.HK.md) - [000300.CN](https://longbridge.com/en/quote/000300.CN.md) ## Related News & Research - [New Home Prices Rise, Hold Steady in Five More Major Chinese Cities in April](https://longbridge.com/en/news/286849542.md) - [China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)](https://longbridge.com/en/news/286699672.md) - [BREAKINGVIEWS -‘Private equity’ cries out for a rebranding](https://longbridge.com/en/news/286907561.md) - [A Look At J&T Global Express (SEHK:1519) Valuation After Recent Share Price Weakness](https://longbridge.com/en/news/287135064.md) - [07:00 ETDiscoveries Media Earns Three 2026 Telly Awards for the Discoveries Today TV Series](https://longbridge.com/en/news/287205835.md)