Support waste recycling companies

The Ministry of Commerce is coordinating the support policies of the Ministry of Finance, the State Administration of Taxation, and the Ministry of Environmental Protection on the research of large-scale circulation enterprises in the area of ​​recycling of used products. Industry insiders believe that this will be beneficial to resource recovery companies.

Reported that Vice Minister of Commerce Jiang Zengwei said, household appliances, scrap vehicle dismantling, sorting and processing center upgrading, need to nurture both play an economic and social focus of large enterprises. It can be considered that in the initial stage of the company, a certain period of transition will be provided through financing, tax reduction, and fee reduction to promote the faster and better development of these enterprises.

Guan Li, a senior investment advisor and investment manager at Chongqing Dongjin, said that recycling of used products involves all aspects of life, and the recycling and reuse of waste electrical and electronic products has become a major highlight of the industry's future development. Among the listed companies, the recovery of scrap metal can focus on Yiqiu Resources [0.00 0.00% shares in bar research report]; in the recycling of discarded electric and electronic products, attention can be paid to TCL.