With the approval of the State Council, 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 Deepening Reform of Urban Public Transport Enterprises” in order to implement the decisions and arrangements of the Party Central Committee and the State Council, promote the deepening reform of public transport enterprises, enhance urban public transportation security capabilities and service levels, and better meet the basic travel needs of the masses. Among them, it was mentioned that the government subsidy and compensation system should be strictly implemented. Implement the relevant provisions of the “Urban Public Transportation Regulations”, implement municipal and county financial expenditure responsibilities, and arrange the funds required for urban public transportation development according to the actual and financial affordability of urban public transportation and include them in the local budget. When the revenue of public transport companies does not meet the expected annual targets, the city people's government should provide policy support in accordance with regulations and take measures to ensure the normal operation of bus routes. Local governments shall take into account the reduction in revenue from implementing preferential government ride-hailing policies or lower fares, as well as policy losses due to undertaking tasks ordered by the government, when approving operating subsidies. Treat operators with different forms of ownership equally. Support the renewal of new energy buses and power batteries in conjunction with the implementation of large-scale equipment renewal policies.

With the approval of the State Council, 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 Deepening Reform of Urban Public Transport Enterprises” in order to implement the decisions and arrangements of the Party Central Committee and the State Council, promote the deepening reform of public transport enterprises, enhance urban public transportation security capabilities and service levels, and better meet the basic travel needs of the masses. Among them, it is mentioned that the government subsidy compensation system is strictly implemented. Implement the relevant provisions of the “Urban Public Transportation Regulations”, implement municipal and county financial expenditure responsibilities, and arrange the funds required for urban public transportation development according to the actual and financial affordability of urban public transportation and include them in the local budget. When the revenue of public transport companies does not meet the expected annual targets, the city people's government should provide policy support in accordance with regulations and take measures to ensure the normal operation of bus routes. Local governments shall take into account the reduction in revenue from implementing preferential government ride-hailing policies or lower fares, as well as policy losses due to undertaking tasks ordered by the government, when approving operating subsidies. Treat operators with different forms of ownership equally. Support the renewal of new energy buses and power batteries in conjunction with the implementation of large-scale equipment renewal policies.