Expand investment, infrastructure potential

Promote the implementation of the project as soon as possible

In key areas of infrastructure construction, policy-oriented development financial instruments continued to gain strength. According to data from the People's Bank of China, in July, the central bank supported relevant institutions to set up and operate financial instruments totaling 300 billion yuan to replenish capital for major projects. As of August 26, 300 billion yuan has been fully invested, supporting more than 900 major projects.

The executive meeting of The State Council held on August 24 proposed to increase the quota of more than 300 billion yuan on the basis of the 300 billion yuan policy development financial instruments that have fallen into the project.

"Increasing the quota of more than 300 billion yuan to replenish project capital will help better play the comprehensive effect of effective investment to strengthen weak areas, adjust the structure, stabilize employment and boost consumption, and support economic recovery and development." Liu Guoqiang, vice governor of the People's Bank of China, said it will urge projects that have been supported by financial instruments to speed up preparations and factor guarantees, pay and use funds in an orderly manner according to the construction schedule, ensure that construction starts as soon as possible, and work before the end of the third quarter to form more physical workload and effective investment. At the same time, we will guide policy development banks to make good use of new credit lines and timely implement the issuance of supporting loans for projects already launched by financial instruments. We will guide commercial banks' credit funds and other social capital to follow up and provide financing, and work together to give full play to the role of financial support.

Luo Guosan, director of the Fixed Assets Investment Department of the National Development and Reform Commission, said that the National Development and Reform Commission will work with relevant parties to use sufficient policy-oriented development financial instruments, give full play to the role of the coordination mechanism for important projects to promote effective investment, effectively and orderly and effectively promote the implementation of projects as soon as possible, better play the key role of investment, and help consolidate the trend of economic recovery. We will promote steady, sound and sustainable economic and social development.