Fiscal and financial instruments continue to make efforts to accelerate the construction of major projects to form more physical workload
2022-12-23
The State Council executive meeting held recently said that to promote the construction of major projects and equipment upgrading and transformation to form more physical workload, projects that meet the conditions for winter construction shall not be stopped. This year, China has intensified its efforts to implement a package of policies and follow-up measures to stabilize the economy. The policy of stabilizing investment has continued to work. Policy oriented development financial instruments, special re loans for equipment upgrading and transformation, and financial discount, revitalize the balance limit of special bonds, and expand the medium and long-term loan issuance for manufacturing have been successively implemented, providing capital for the commencement of a number of major projects. On December 16, the National Development and Reform Commission disclosed data that as of the end of November, more than 2700 projects supported by two batches of financial instruments totaling 739.9 billion yuan had all started construction; The investment within the central budget of 640 billion yuan in the whole year has been fully allocated, and the project operation rate has reached the highest level in nearly five years; This year, the project operation rate of special bonds issued reached 95%, and the scale of special bonds used increased significantly compared with the same period last year. In the opinion of Xie Yunli, a senior investment consultant of Jufeng Investment Advisory, as the stable investment policy continues to take effect, the growth rate of infrastructure investment and manufacturing investment in the next few months will continue to grow. "This year, China has made greater efforts to play a good investment policy 'combination fist', made full use of fiscal and financial policy support tools, formed more physical workload, and maintained the overall stability of investment growth." Zhang Yiqun, vice chairman of the Performance Management Special Committee of the China Institute of Finance, told the Securities Daily reporter that continuing to promote the construction of major projects and the upgrading of equipment is intended to release a positive signal of continued investment expansion, We will guide and encourage social capital to continue to increase project investment and start construction, which will not only provide strong support for the economic recovery throughout the year, but also lay a good foundation for achieving a good start next year and enhancing the expectation of economic development throughout the year. According to incomplete statistics by reporters, since the middle of December, a number of major projects have started again in many places, with a total investment of more than one trillion yuan. For example, on December 20, there were 289 centrally started projects in Hanzhong City, Shaanxi Province, with an estimated total investment of 25.62 billion yuan and an annual investment of 13.53 billion yuan. It involves projects such as affordable housing, infrastructure, rural revitalization and public service facilities. At the same time, loans for equipment upgrading and transformation are also being accelerated. For example, on December 14, Huangshi Branch of Bank of China invested 322 million yuan in equipment renewal loan for Huangshi State owned Culture and Tourism Company for the construction of Huangshi Overseas Chinese Town Kale Cultural Tourism Project. In addition, some places have also introduced discount interest policies for equipment purchase and renewal loans. On December 13, the Beijing Municipal Development and Reform Commission issued relevant plans to give 2.5 percentage points of discount interest for eligible projects with a term of two years. "At present, the most important thing is to accelerate the transformation of investment in kind, truly form economic growth, seize the limited time window, promote the progress of indoor construction, underground construction, and construction in non cold areas, and make more achievements for stable growth next year," said Zhang Yiqun. At the same time, as an important hand to stabilize investment and leverage social capital, PPP projects have also been started recently. For example, on December 16, the first railway project in Guangxi (Shahe Tieshangang East Bank Railway Branch Project) built in PPP mode was officially started, with a total investment of 4.6 billion yuan; On December 17, you
Edit：wangwenting Responsible editor：xiaomai
Source：china.cn
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Economy
Recommended Reading Change it 
Home
