According to a report from National Business Daily on September 29, the Ministry of Transport, the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Human Resources and Social Security jointly issued the Guiding Opinions on Promoting the Deepening Reform of Urban Public Transport Enterprises.

The document emphasizes strict implementation of the government subsidy and compensation system. It calls for implementing relevant provisions of the Regulations on Urban Public Transport, fulfilling fiscal expenditure responsibilities at the city and county levels, and allocating funds needed for urban public transport development based on actual conditions and fiscal capacity, incorporating them into the corresponding level of budget.

Urban people's governments must provide policy support as required and take measures to ensure the normal operation of bus routes when bus enterprises fail to meet their annual expected revenue targets. For revenue reductions resulting from the implementation of government riding discount policies or low fares, as well as policy-related losses caused by undertaking government-mandated tasks, local governments should take these into comprehensive consideration when verifying operating subsidies.

Different types of operating entities under various forms of ownership should be treated equally. In conjunction with the implementation of the large-scale equipment upgrade policy, support should be provided for the renewal of new energy buses and power batteries.