Policy development financial instruments continue to land on commercial banks actively promoting supporting financing

Policy development financial instruments continue to land. Following the National Development Bank Ningxia Branch successfully launched 55 million yuan in the first infrastructure fund in the district, supporting the construction of Yinchuan gas pipeline and facility renewal and transformation projects; many branches of Agricultural Development Bank have successively launched infrastructure funds one after another. The supporting financing business of the infrastructure fund project has also been launched.

Experts interviewed by a reporter from the Securities Daily said that the policy efficiency of policy development financial instruments still has a lot of room for release, and subsequent large and medium -sized commercial banks can actively carry out supporting financing business.

Policy development financial tools

Focus on three types of projects

Recently, a number of heavy meetings "dots" policy and development financial instruments. In order to solve problems such as difficulty in capitalization of major projects, the People's Bank of China supports national development banks and agricultural development banks. More than 50%of all capitals, or to bridge the capital of special debt projects.

Liang Si, a researcher at the Bank of China Research Institute, told a reporter from the Securities Daily that the use of policy and development financial instruments has released signals that have stabilized economic growth by increasing infrastructure investment, and at the same time help solve the shortage of capital projects in infrastructure projects. question.

The person in charge of the relevant department of the People's Bank of China introduced earlier that policy and development of banks used financial instruments to focus on three types of projects: First, the five major infrastructure key areas of the 11th meeting of the Central Finance and Economics Committee, which are transportation water conservancy and energy. Network infrastructure, information technology and logistics and other industrial upgrading infrastructure, underground pipe corridors and other urban infrastructure, high -standard farmland infrastructure and national security infrastructure. The second is major scientific and technological innovation fields. Third, other projects that can be invested by special bonds of local governments.

The reporter learned that in late July this year, after the approval of the CBRC and the Agricultural Development Bank, the National Development Bank and Agricultural Development Bank set up infrastructure fund Co., Ltd., respectively, and completed the first batch of capital offices.

"Policy and development financial instruments continue to land, which is conducive to promoting investment growth and project promotion, especially 300 billion yuan in financial instruments, which can promote more infrastructure projects to make financing through commercial banks such as commercial banks to better give play to commercial bank funds In terms of stabilizing the economic market, its scale is expected to exceed 1 trillion yuan, which is expected to reach 1.5 trillion yuan. "CITIC Securities Chief Economist said in an interview with the Securities Daily reporter.

Dongfang Jincheng's chief macro analyst Wang Qing told the Securities Daily reporter that, in view of the current proportion of capital capital of major projects is generally about 20%, the minimum can be reduced to 15%. 300 billion yuan of financial instruments can be used to supplement major project capital, including new infrastructure, but not more than 50%of all capital, or a bridge for special debt projects. The calculation, including the role of bridge, can drive up to about 1.5 trillion supporting financing. However, the specific scale depends on the actual implementation.

commercial Bank

The first supporting financing business landed

In terms of helping stabilize the economic market and supporting the implementation of major projects of infrastructure funds, commercial banks have actively fulfilled their responsibilities, and the first supporting financing business has landed.

A reporter from the Securities Daily recently learned from Agricultural Bank that the bank attaches great importance to supporting financing support for major projects of infrastructure funds, closely pays attention to the progress of the fund's investment, and accelerates the implementation of the project through level four of the total branch. On July 31, the 138 million yuan of capital funds in the National Kaikai Infrastructure Fund completed the first time of the Susai high -speed project of 132 million yuan in loans to achieve supporting financing of the first infrastructure fund project of commercial banks across the country.

"There is long construction cycle of major projects and large demand for funds. In addition to policy and development financial instruments as the bottom, commercial banks also need to give corresponding supporting funds." Liang Si suggested that commercial banks can actively participate in key projects, including the upstream and downstream of its upstream and downstream. In the construction of sub -projects, tools such as real estate investment trust funds (REITs) are used in the field of infrastructure fields to drive social capital participation.

Wang Qing believes that the regulatory level has recently demanded that "financial institutions have increased loans to the real economy and maintained the continued steady growth of loans." In this context, in the process of increasing credit investment, commercial banks can take the initiative to dock with major projects of infrastructure funds, provide supporting financing support, and effectively expand their new loans. As an inverse cycle regulation tool, an important role of infrastructure funds is to make timely efforts in the second half of the year to promote the macroeconomic return to the reasonable operating range as soon as possible. To this end, commercial banks must also keep up with the rhythm, timely deploy credit resources, increase elasticity in terms of loan review processes and loan interest rates, and ensure that supporting credit funds will be put in full and in time.

"Agricultural Bank supports project matching special credit policies for the National Development Bank and the Agricultural Development Bank Infrastructure Fund, and gives preferential policies in terms of pricing and other aspects to further give full play to the mechanism of green channels and federations. Improve the efficiency of approval. "The person in charge of the relevant department of the Agricultural Bank told reporters.

Earlier, the National Development and Reform Commission stated that it is necessary to scientifically use policy development financial instruments, and on the premise of insisting on not engaged in large water irrigation and not excessive currency, focusing on the effective measures taken to clear the dredging card point can not only solve the capital for the project to solve the capital of capitalThe urgent urgentity of gold -burning can better guide financial institutions such as banks to increase supporting financing support, accelerate the construction of project construction, and help maintain stable investment in investment.(Reporter Yang Jie) According to the reporter, some commercial banks actively do the initiative to connect with the National Development and Reform Commission and Policy Banks, promote project docking, and strive for early intervention, early planning, and early results.

[Editor in charge: Huang Hao]

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