In the context of the continued downturn in the coal industry, the recent local government coal rescue policies have been introduced one after another, and coal companies are expected to rekindle their vitality.

On May 18, Shanxi Province issued the "Shanxi Province Work Plan for Reducing the Burden of Enterprises in 2014". The plan pointed out that in the future, it will further clean up the charging items related to enterprises, promote the cancellation of some administrative charging items that do not meet the needs of the reform, and resolutely cancel the administrative charging items that are not based on laws and regulations.

It is not the first time that Shanxi Province has cleaned up enterprise-related charges. Last year, the Shanxi provincial government introduced 20 measures for coal, aiming to reduce the burden on enterprises, promote coal sales, and promote market-oriented reforms. This plan is a continuation of the 20 policies of Shanxi Coal. In the future, the local government's policy of supporting coal enterprises is expected to be further deepened and implemented.

In addition to Shanxi Province, Hubei and Inner Mongolia have also successively introduced coal support policies. In mid-May, the Hubei provincial government issued the coal industry development opinions for the first time, requiring 388 coal mines in Hubei province to eliminate 45 outdated production capacity in 2014, of which 15 were closed and 30 were upgraded. Coal mines of 30,000 tons/year and below will be closed by the end of 2015, and coal mines below 90,000 tons/year will be closed by the end of 2020.

In addition, Hubei Province will arrange 20 million yuan each year to support the closure and exit of small coal mines to eliminate outdated production capacity. Recently, Inner Mongolia has also introduced relevant rescue policies, and plans to establish a coal sales linkage mechanism in the eastern region. In the medium and long term, the coal industry is still subject to the pressure of overcapacity and energy structure adjustment, and it is unlikely that it will exceed expectations.