Policy tools Inject a batch of major projects in the "living water" economic province for steady growth

The symposium of the main person in charge of the major economic provincial government held recently requested that "the big economic provinces must be bravely picked up and play a key role in stable economic support." In response to the call, the six economic provinces of Guangdong, the Soviet Union, Lu, Lu, Zhejiang, Yu, and Sichuan successively held a meeting to study and deploy the current key tasks. Among them, the construction of major projects, accelerating the formation of more physical workload has become one of the main starting points for provinces to stabilize the economy and stabilize the economy.

Bai Yanfeng, Dean of the School of Finance and Taxation of the Central University of Finance and Economics, said in an interview with the reporter of the Securities Daily that the accelerated construction of major projects in economic provinces helps to make it with dots and weaving into the net, and play a good role in radiation in other provinces and cities. Bring it with other provinces and cities. Living in Chunshui is essential to invest in stable investment.

"Let major projects become the driving force for the investment and development of related projects, which is conducive to the transformation of resource advantages into the development advantage through integrating regional elements, thereby enhancing economic vitality, expanding market confidence, promoting investment growth and economic transformation, and ensuring that stable investment and stable growth goals Realization of. "Song Xiangqing, deputy dean of the Government Management Research Institute of Beijing Normal University and director of the Industrial Economic Research Center, told a reporter from the Securities Daily.

Start a batch of major projects in time

Specifically, for example, Guangdong Province proposed that the list of mature projects was improved to ensure that a batch of major projects started in time in the third and fourth quarters to form a physical workload as soon as possible; Henan proposed to plan a number of major projects that benefit the current and Huichangyuan.

Dongfang Jincheng chief macro analyst Wang Qing said in an interview with the Securities Daily that the total infrastructure investment in the six economic provinces in 2021 accounted for nearly 44%of the country. Considering that the current major project arrangements will be further tilted to the provinces of economic provinces, it is estimated that the six economic provinces will accelerate major project construction this year, and the contribution to the acceleration of infrastructure investment in the year will reach about 50%.

Since the beginning of this year, major economic provinces have successively introduced several measures to accelerate infrastructure investment and construction and accelerate the construction of major projects. In Guangdong, this year, a total of 1570 provincial key projects were arranged, with a total investment of 7.67 trillion yuan, and an annual planned investment of 900 billion yuan. According to the latest data of the Guangdong Provincial Development and Reform Commission, in the first half of the year, the provincial key projects completed an investment of 508.4 billion yuan, and the completion progress was 56.5%.

In Henan, a total of 1794 key construction projects were arranged this year, with a total investment of about 4.8 trillion yuan, and an annual planned investment exceeding 1.3 trillion yuan. In order to seize the window period for the country's comprehensive strengthening of infrastructure construction, recently, Henan Province sorted out 597 major infrastructure projects, with a total investment of 4.22 trillion yuan. Among them, in September this year, 79 new projects planned to start, with a total investment of 135.7 billion yuan.

On August 28, the governor of Henan Province Wang Kai said at the theme press conference of the "Chinese Ten Years of China · Henan" of the Henan Provincial Party Committee of the Communist Party of China that recently sorted out 57 total investment of 57 total investment of national policy development instruments 635.4 billion yuan Major projects, strive to be included in the national plate.

Make good use of the two major policy tools

The construction of major projects is inseparable from financial support. On August 24th, the State Frequently proposed that the 300 billion yuan policy development financial instruments have fallen on the basis of the project, an increase of more than 300 billion yuan or more; The previous release is complete.

On August 31, the National Council also proposed that on the basis of the use of policy development financial instruments of more than 300 billion yuan, expand the scale according to actual needs, meet the demand for funding for mature projects, and avoid projects such as projects; The first half of the project will be included in the scope of support. It will be automatically included in the previously compliant but due to the eligible conditions but due to the limitation of the limit. In the third quarter, more physical workload is formed, and the market demand for manufacturing and individual industrial and commercial households will be provided in a timely manner.

Many economic provinces respond to the use of special debt and revitalize the debt limit space in accordance with the law, and use enough policy development financial instruments.

Wang Qing said that the general financial province has strong financial strength and rich local financial resources, which is more advantageous in this regard. With the support of various policy tools, the conditions of economic provinces have played a key role in the speedy of infrastructure investment in this round of infrastructure investment.

In terms of special bonds, this year my country has determined that the limit of new special bonds is 3.65 trillion yuan, of which 3.45 trillion yuan for bonds for project construction. Oriental Fortune CHOICE statistics show that the issuance of new special bonds will be issued in the first eight months of 3519.1 billion yuan, of which 6 of the 6 large economic provinces issued 1370.5 billion yuan, accounting for 38.9%.

Wang Qing said that at present, the six economic provinces have a certain amount of debt limit space. Among them, Zhejiang Province, with the smallest space, also has 26.1 billion yuan in Zhejiang Province, and Henan Province has the largest limit of 92.1 billion yuan. To make good use of special debt, we must make deeper project reserves, and support funds must keep up, so as to ensure that the project starts in time and forms a physical workload as soon as possible.

In terms of policy development financial instruments, recently, Agricultural Issuance and National Bank have announced that the Agricultural Development Infrastructure Fund and the National Kaifang Infrastructure Investment Fund have completed all 90 billion yuan and 210 billion yuan of funds, respectively. Essence

A number of major projects in economic provinces also received financial support. For example, as of August 28, the first batch of 41 policy development financial instruments in Guangdong's first batch of 17.1 billion yuan projects for signing projects were completed; as of August 25, 64 major infrastructure projects in Zhejiang Province had been launched by 190 100 million yuan, the landing amount ranks among the forefront of the country.

"In terms of policy development financial instruments, in addition to accelerating the docking of projects and paying close attention to the implementation of the localities, we must also pay attention to the positioning of positioning. The use of policy development financial instruments will focus on supporting the major construction cycle, prominent policies and public welfare properties.Infrastructure projects, such as the construction of water conservancy infrastructure, "Wang Qing said.Bai Yanfeng said that my country's large economic development potential and high level of financial affordability, which is very promising in the use of special debt and policy open financial instruments.Especially in the context of the continuous decline of interest rates such as LPR, it will help reduce the financing cost of major projects.

Song Xiangqing suggested that a large economic province should establish an advanced investment and stable growth mechanism to form an institutional chain that is conducive to high -quality economic development.Form strong self -repair and independent adjustment.

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