CCTV news(News Network): Recently, the first batch of funds for this year’s new policy financial instruments has been launched. A number of smart manufacturing and infrastructure projects have received the first batch of financial support, and implementation is being accelerated to promote the expansion of effective investment.
In Ruian, Zhejiang, the smart suspension industrialization project, a key national new energy vehicle project, has begun to accelerate to fill the shortcomings of the domestic new energy vehicle chassis industry chain. Previously, the project was still worrying about huge R&D investment. But just a few days ago, the Export-Import Bank of China received 100 million yuan of funds, becoming the first batch of projects supported by new policy financial instruments across the country this year. All this money was used to supplement the project capital, making its own funds more abundant and its financing credit significantly improved.
New policy financial instruments are financial instruments created by the state to support major strategies and supplement capital for key projects. They use capital leverage to amplify the total amount of investment and optimize the investment structure. The National Development Bank, Agricultural Development Bank, and Export-Import Bank are responsible for the investment.
In Wuhan, Hubei, this expressway in which private enterprises participate has become one of the first batch of projects supported by new policy financial instruments in the country. After the project is completed, it will further strengthen the connection between cities in the Wuhan metropolitan area and reduce logistics time and costs.
At present, new policy financial instruments have been accelerated in Yunnan, Fujian, Sichuan and other places. The total investment scale this year has increased from 500 billion yuan last year to 800 billion yuan. According to estimates, it is expected to leverage the total investment scale of the project to about 10 trillion yuan.
