Steady for major projects to form a physical workload in September, infrastructure investment will continue to speed up the trend

On September 19, the National Development and Reform Commission held a September press conference. Meng Wei, a spokesman for the National Development and Reform Commission, said that it will make good use of the policy development financial instruments of more than 300 billion yuan to make project screening and recommendation. , Accelerate the investment of funds, urge localities to seize the construction window period, and promote the construction of the project as soon as possible.

Recently, the construction of infrastructure in various places has pressed the "acceleration keys". A group of major projects accelerated the formation of physical workload, providing a strong motivation for stabilizing the economic market. Experts predict that under the policy promotion, infrastructure investment in September will continue to speed up.

Concentrated in major projects to start construction

According to the incomplete statistics of MySteel, in August, a total of 4,781 projects started all over the country, with a total investment of about 282.77 billion yuan, an increase of 52.1%year -on -year. Among them, Hubei Province concentratedly started 1758 major projects, with a total investment of 906.3 billion yuan, ranking first. Shaanxi and Hebei Province ranked second and third, respectively, with a total investment of 252.8 billion yuan and 237 billion yuan.

In September, a number of major projects started in various places. According to incomplete statistics from the "Securities Daily" reporter, from September 1st to September 19th, a number of major projects were signed and completed in many places, with a total investment of over 1.1 trillion yuan. For example, on September 19, Pujiang County, Chengdu, started 56 investment projects, with a total investment of 18.01 billion yuan, covering many aspects such as industrial, infrastructure and social undertakings.

Chen Li, chief economist of Chuancai Securities, told the "Securities Daily" reporter that by accelerating the formation of physical workload to promote major projects, it can effectively expand market demand, strengthen the role of support for the real economy, and further stimulate the vitality of private investment, so as to exert its exertion Good steady growth and stable investment.

Song Xiangqing, deputy dean of the Government Management Research Institute of Beijing Normal University and director of the Industrial Economic Research Center, told the Securities Daily reporter that accelerating infrastructure investment in various places is conducive to further stimulating the potential of industrial economic development. Major projects will continue to play a leading role and lead role in the fields of expanding production, leading consumption, and promoting growth.

With the preliminary policy, the growth rate of investment has rebounded. According to the latest data from the National Bureau of Statistics, from January-August, the investment in fixed assets in the country increased by 5.8%year-on-year, a 0.1 percentage point accelerated from January-July, which was the first time this year. Among them, the growth rate of infrastructure investment increased. Infrastructure investment increased by 8.3%year-on-year from January-August, 0.9 percentage points accelerated from January-July.

Dongfang Jincheng chief macro analyst Wang Qing told a reporter from the Securities Daily that the scale of special bond issuance in the second quarter exceeded 2 trillion yuan, which was supporting the formation of infrastructure investment in the third quarter. The obvious efforts of tools will largely hedge the decline in the income of land transfer funds for local governments on infrastructure investment, and play a replacement role in a timely manner. Looking forward to the future, with the continuous efforts of financial instruments, the special debt fund support project will gradually form a physical workload, and infrastructure investment in September will continue to accelerate.

Funding is accelerating

The Executive Meeting of the State Council held on August 24 stated that at the basis of 300 billion yuan in policy development financial instruments, it has increased by more than 300 billion yuan; The release was completed by the end of October.

At present, the funds of the second batch of policy development financial instruments are accelerating. For example, on September 6, the Shenzhen Branch of China Agricultural Development Bank used the amount of policy development financial instruments of more than 300 billion yuan to successfully achieve the first batch of 102 million yuan infrastructure funds in Shenzhen.

"Infrastructure investment is an important force for the current stable growth of my country's economy. Grasp the window period in the second half of the year, and the stable economic policy has continued to increase to speed up infrastructure investment. Looking forward to the fourth quarter, it is expected that the policy development financial instruments will fall to the ground. Infrastructure investment is expected to be expected Further speed up, "Chen Li said.

More than 500 billion yuan of special debt placement limit has also been distributed to the place. For example, on September 19, the Shaanxi Provincial Development and Reform Commission released news. At present, Shaanxi Province has reserved 1,346 special bond projects in 2022, with capital demand 174.1 billion yuan. These projects have passed the national audit, and the demand for funds far exceeds the deposit limit of the special bonds available in Shaanxi Province (expected to be 19 billion yuan), which can be issued after the limit is issued. On September 17, Henan Province held a press conference on implementing the State Council's stable economic continuation policy and measures. Cai Lingshuai, a member of the Party Group and Deputy Director of the Henan Provincial Department of Finance, said, "At the critical moment of the current stable economic market, the central government has further increased its work. This time allows our province to use 31.4 billion yuan of special debt limit stocks, and issue new special bonds to support major project construction. "

"Special debt and other tools continue to blood transfusion, ensuring the project's accelerated construction and construction, stimulating the enthusiasm of construction enterprises to grasp, promote construction, grab progress, and accept acceptance, ensure that each node of major project construction can form organic connection, thereby accelerating the formation of more physical objectsWorkload. "Song Xiangqing said that the next step is to continue to strengthen the factor guarantee for major projects, focusing on problems such as land, energy, employment, and money in major project construction."Return approval" and "commitment system" have fallen into practice, and arranged special classes or specialists to effectively track and coordinate services throughout the project to achieve new accelerated tracks in major project investment and construction.Looking forward to the growth rate of investment throughout the year, Wang Qing expects that the growth rate of fixed asset investment will rise to about 7%throughout the year, which will increase by 2.1 percentage points from last year.In the third quarter, infrastructure investment is expected to reach about 11%year -on -year, which is about 4 percentage points accelerated from the second quarter.It can be said that infrastructure investment is playing the mainstay of steady growth.

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