Expert investment experts suggest that the quasi -public welfare project is included in the scope of investment in special debt

On August 16th, Premier Li Keqiang said in Shenzhen to hold a symposium on the main person in charge of the Government of Economic Provincial Government in Shenzhen that the current local special debt balance has not yet reached the debt limit. Policy development financial instruments, the more funds obtained from the more qualified projects. All localities should accelerate the construction of mature projects, form more physical workloads in the third quarter, and drive effective investment and corresponding consumption.

"As of July 31, the amount of 3.45 trillion special bonds used for project construction this year has basically been issued." At a press conference held on August 16, Luo Guoan, director of the Fixed Asset Investment Department of the National Development and Reform Commission.

Special bonds have accelerated the use of the use of stable investment. On August 15, the National Bureau of Statistics released data showing that in the first seven months of this year, infrastructure investment increased by 7.4%year -on -year, and the growth rate accelerated for three consecutive months.

"Infrastructure investment growth has a good momentum, which has a lot to do with the acceleration and use of special bonds in the first half of this year." Luo Guosan said that recently, the National Development and Reform Commission has organized localities to submit the third batch of special bond projects. The project will be feedback to the place, and it is copied to the Ministry of Finance, the People's Bank of China, and the Audit Office.

Feng Lin, a senior analyst at the Ministry of East Jincheng Research and Development Department, told a reporter from the Securities Daily that although my country's economic operation is basically stable, the margin of economic recovery has slowed and the infrastructure needs to continue to grow steadily. Recently, the Development and Reform Commission has organized local submitted to the third batch of special debt projects, which may be prepared for subsequent special debt to the special debt amount of the stock.

Zhang Yiqun, deputy chairman of the Performance Management Committee of the Chinese Fiscal Society, told a reporter from the Securities Daily that the organization of the third batch of special bond projects is intended to make necessary project reserves for the second half of the year and next year. And stability, further enhance the motivation of the sustainable development of market entities, and play a role in stabilizing economic and stable growth.

According to the information disclosed in many places, the local project was launched in 2022. On August 3, Hefei City Finance Bureau released the news. Recently, Hefei Finance Bureau organized the third batch of special debt projects for 2022 special debt projects. The review of 43 projects, with a total investment of 360.03 billion yuan, declared the total debt of the special debt, the total debt total debt The demand is 22.384 billion yuan, which involves the fields including water supply, underground pipe corridors and other municipal and industrial park infrastructure, affordable rental housing, parking lots and other transportation infrastructure, urban and rural cold chain logistics, ecological and environmental protection, agricultural water conservancy, preschool education, medical and health care , Sports culture, etc.

“部署第三批专项债券项目申报，有利于增加地方政府谋划项目时间和空间，充分做好项目前期各项准备工作，有助于提高地方政府债券项目的申报质量，推进债券发行、项目施工、 A series of work progress such as putting effective and re -repayment on schedule, truly the safety, effectiveness and risk of bond projects can be achieved. "Zhang Yiqun said.

Project construction is inseparable from capital guarantee. Feng Lin said that according to statistics from the Ministry of Finance, the special debt limit for local governments in 2022 was 218,185.08 billion yuan, and as of the end of June 2022, the balance of local government debt was 2026.45 billion yuan, which was 1.55 trillion yuan. This means that the limit of 1.55 trillion yuan in the second half of the year needs to be revitalized.

Zhang Yiqun believes that on the one hand, the limits of the special debt and debt must moderately relax the field of bond investment projects, incorporate some urban rail transit, municipal engineering, and urban pension public welfare projects into the scope of bond investment, expand the scope of project supply, and ensure the supply of high -quality projects supply. Ability; on the other hand, we must revitalize the operation space of special bonds. You can use capital injection and capital investment to make up for the lack of capital in local financial institutions, improve the strength of local financial capital, and ensure the stability and security of the financial chain.

Zhang Yiqun suggested that it should pay attention to the problem of idle funds of bond funds, clean up the issued bond projects in an orderly manner, screen and punish items, units, and individuals that have not used bond funds in accordance with the prescribed use, and timely terminate the unsatisfactory bond stock projects. Adjust and optimize bond idle funds, effectively give full play to the role of bond funds and the ability to transform investment, effectively curb the weirdness of incremental bonds and existing bond funds on one side, and resolutely prevent fiscal bonds from excessive excessive increase in interest rate payment.

- END -