The three major projects, including the construction of affordable housing, the construction of public infrastructure for both emergency and basic needs, and the renovation of urban villages, have been successively implemented. Recently, a number of urban village renovation projects have received funding support in cities such as Changsha, Shijiazhuang, Jinan, Chengdu, and Guangzhou. According to the China Development Bank on January 31st, the bank has issued special loans to the first batch of nearly 100 urban village renovation projects. The Agricultural Development Bank recently issued the first batch of special loans for urban village renovation, actively promoting it. The urban village renovation project is located in the northwest of Shijiazhuang City, Hebei Province, with narrow streets and incomplete supporting facilities. Nangaoji Village has been listed as a key livelihood project by the local government, striving to accelerate and improve the quality of urban village renovation. The renovation of urban villages requires significant financial support. On January 30th, the Agricultural Development Bank issued a loan of 79 million yuan for the Nangaoji Urban Village Renovation Project in Xinhua District, Shijiazhuang City, marking the landing of the first special loan for urban village renovation by financial institutions nationwide. The urban village renovation project has blossomed in many places. In Suzhou, three urban village reconstruction projects, namely Mulin Village, the Taihu Lake New Town, Hushuguan Grand Canal and the east of Guangfu Town, were granted the first batch of special loans for urban village reconstruction by China Development Bank and Agricultural Development Bank on January 30. It is reported that the first loan of 348.7 million yuan was disbursed, specifically to support the preliminary work of urban village renovation projects, expropriation compensation and resettlement, resettlement housing construction, and supporting infrastructure construction of resettlement housing communities. In Jinan and Chengdu, the Agricultural Development Bank also issued special loans of 4.05 billion yuan and 1.084 billion yuan respectively. The progress of the "three major projects" varies, and the "three major projects" are seen as the key to stable growth and investment this year. Recently, Guangzhou, Wuhan, Changsha and other places have made arrangements for the "three major projects". Recently, 14 urban village renovation projects in the Luochongwei area of Baiyun District, Guangzhou, including Tan Village and Dali Village in the Minkeyuan area, have received the first batch of special loans for urban village renovation from the National Development Bank and Agricultural Development Bank, totaling 142.6 billion yuan, with the first disbursement of 1.5 billion yuan. This batch of funds is used for the preliminary work of the project, collection, compensation and resettlement, resettlement housing construction, and supporting infrastructure construction of resettlement housing communities. Progress has also been made in the construction of affordable housing. In Fuzhou, in December 2023, the China Development Bank issued a total of 202 million yuan in development loans for allocated affordable housing to the Shuanglong New Residential Affordable Housing Project in Fuzhou, with the first loan of 10 million yuan, to support the construction of 700 allocated affordable housing units. The construction of public infrastructure for both emergency and emergency use is mostly still in the stage of project preparation and planning. In Chongqing, in December 2023, the Export Import Bank led a consortium to issue a loan of 730 million yuan to the Chongqing Land Port Hub Dual Use Public Warehousing (Phase I) project, using the newly added collateral to supplement the loan amount. The implementation of the "Three Major Projects" cannot be achieved without the support of fiscal and financial means. In addition to the People's Bank of China's newly added supplementary mortgage loans (PSL) and policy banks providing special loans, special bonds, fiscal subsidies, and market-oriented funds are also important sources of funding. In December 2023, PSL restarted after a year. According to information disclosed by the People's Bank of China, a total of 500 new PSL quotas were added in 2023