Economic Daily Jin Guanping: Give full play to the role of policy development financial instruments

The Political Bureau of the Central Committee of the Communist Party of China recently held a meeting to pointed out that the new credit and infrastructure construction investment funds were made to make good use of policy banks. After the China Agricultural Development Bank and the State Development Bank set up infrastructure construction investment funds respectively, under the premise of ensuring the quality of the project, the project funds should be accelerated, and the physical workload of infrastructure construction should be formed as soon as possible. Policy efficiency is accelerated. At the same time, make good use of the previously increased policy banks of 800 billion yuan in credit lines, increase financial support for major projects, and maintain economic operation in a reasonable range.

Strengthening infrastructure construction is the key starting point for expanding domestic demand. In the first half of the year, my country effectively coordinated the prevention and control of the epidemic and economic and social development. The epidemic prevention and control achieved positive results, and the economic and social development achieved new achievements. However, we must also see that my country's economy still faces the pressure of demand shrinkage, supply impact, and weakening. At present, taking effective measures to actively expand demand, it is necessary to give full play to the key role of investment. By increasing effective investment and pulling production and supply, driving employment and income growth, and then promoting consumption recovery. Major projects such as infrastructure construction have attracted large investment, long industrial chain, and many opportunities for employment. In the first six months of this year, the investment in fixed assets in the country increased by 6.1%year -on -year, and infrastructure investment increased by 7.1%, a percentage of 1 percentage points higher than the growth rate of all investment. This shows that infrastructure investment is still an important starting point for the current stable macroeconomic market. At this time, strengthening financial support for major projects will help achieve the comprehensive effect of expanding investment, employment, and promoting consumption, and help stabilize the macroeconomic market.

To comprehensively strengthen infrastructure construction and accelerate the implementation of key projects, there must be sufficient funding. In recent years, the construction of major projects has faced the problem of insufficient sources of capital or difficulty in inheritance. Some major project financing funds have a large scale, long construction cycle, and long recovery period. Civil capital is more difficult to participate in directly. It is urgent to further optimize financial services, innovate financial instruments, and provide flexible use, long term, and low cost for major project construction. funds. Earlier, although the policy bank had increased the credit limit of 800 billion yuan in policy banks, the insufficient capital was still restricted to the use of credit quotas to a certain extent. In view of this, 300 billion yuan of policy and development financial instruments will be launched quickly. Subsequently, the National Bank of China and agricultural issuance quickly established infrastructure funds, which helped quickly form capital supply, provided conditions for the follow -up of credit funds of commercial banks, and could leverage larger social funds to participate in it. It was stable for stability. Growth policy has provided strong support.

Since August, the first batch of funds for infrastructure construction investment funds has been put in succession. The National Bank of China and Rural Issuance Branch have put the first batch of funds to major projects in Zhejiang, Hunan, Sichuan, Anhui, Ningxia, Xinjiang and other provinces. Essence

Next, it is necessary to make good use of policy and development financial instruments in a market -oriented manner to promote policy, developmental financial instruments, and do well in the use of funds, risk prevention and supporting funds. On the one hand, it is necessary to ensure that the investment direction of the project is in line with policy and development financial instruments; on the other hand, combined with the characteristics and actual conditions of the project, do a good job of fund operation, post -investment management, risk prevention and control, etc., and provide key projects in time to provide key projects in time Supporting loan support. In addition, all localities should actively act to make more eligible projects incorporate into the alternative list, and make positive contributions to accelerating the formation of infrastructure construction in physical work, helping the macroeconomic market.

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