3.45 trillion yuan of special debt investment to the banking industry in the 11th major areas active

Special debt issuance accelerated, investment scope expanded, and bank -provided support financing support has attracted attention.

Oriental Fortune Choice data shows that as of June 7, a total of 2043.5 billion yuan of new special bonds had been issued during the year. This means that there are 1406.5 billion yuan of new special debt to be issued.

Recently, the State Council issued the \"Policy and Measures for the Economy\" (hereinafter referred to as the \"Police Policy Measures\") required to accelerate the use of special bonds for local governments and expand the scope of support. Hold up the task of issuance and use of special bonds this year, and speed up the progress of the issuance and use of 3.45 trillion yuan of special bonds issued this year. Basically it was basically issued before the end of June, and strive to use it basically before the end of August.

The scope of the use of special debt expanded

In terms of capital investment, the scope of investment in special debt expanded. The \"Package Policy Measures\" emphasized that on the basis of 9 major areas such as transportation infrastructure, energy, and affordable housing projects determined in the early stage, appropriately expand the support areas of special bonds, and give priority to incorporating new infrastructure and new energy projects into the scope of support.

The stable economic measures released in many places also clearly clearly support the scope of support for special debt. For example, Sichuan, Fujian, Anhui, Tianjin, and Jilin require the organization to reserve a number of new infrastructure and new energy projects; Guangdong requires to surround the new foundation around the new foundation. Facilities, new energy projects, public services, old public facilities, transformation of old public facilities, consumer infrastructure and other fields to accelerate the planning and reserve a number of special bond projects; Qinghai proposes to increase support for projects such as charging piles.

Zhang Yiqun, deputy chairman of the Performance Management Committee of the Chinese Fiscal Society, told reporters of the Securities Daily that the new infrastructure and new energy projects are included in the scope of support for special bonds. On the one hand, it can alleviate new infrastructure and new energy construction Fund pressure plays a role in stabilizing the economy; on the other hand, it will support and guide the future industrial structure, further enhance the space for future economic development, and form a long -term benefit of my country's economic development.

Bai Yanfeng, Dean of the School of Finance and Taxation of the University of Central University of Finance and Economics, believes that with the development of new rounds of information technology, the development of big data and Internet has become a new outlet; at the same time, increasing investment in new energy projects has also become a high -quality development. The inevitable choice. As an important financial investment and financing instrument in my country, special bonds will give priority to supporting new infrastructure and new energy projects, which will help my country to seize the commanding heights of a new round of scientific and technological revolution.

Wang Qing, chief macro analyst of Dongfang Jincheng, told the Securities Daily that the number of new special debt issued in May was 632 billion yuan, an increase of 528.2 billion yuan, an increase of 280 billion yuan year -on -year. As a result, the cumulative issuance of new special bonds in the first five months of this year was 2.03 trillion yuan. Assuming the requirements of \"basic issuance\" were 90%, then in JuneThe scale of new special debt that needs to be issued will reach 1.25 trillion yuan.

Bai Yanfeng said that the new special debt was basically issued before the end of June, which can ensure the timely formal workload and fully hedge the downward pressure on the economy.

On June 6, the Fujian Provincial Department of Finance released data showing that the first batch of special bonds in Fujian Province this year has all invested 653 projects in 653 projects. As an important hub for the regional economic communication between the two provinces of Fujian and Guangdong, the Longyan -Longyan to the Wuping section of the Longyan to the Longchuan Railway has entered the construction stage of the station. After the project is completed, Fujian Province will add another provincial fast railway channel to help the revitalization and development of the revolutionary districts. In order to support project construction, the first batch of special bond funds for special bonds has been fully invested as project capital.

At present, Fujian Province has established and improved the reserves, selection, use tracking, progress notification, and overdue recycling mechanism of special bond projects. The second batch of special bonds of this year will be issued before mid -June, and funds are prioritized to ensure the provincial key areas and major project construction.

The bank provides supporting financing support

It is worth mentioning that the \"Package Policies and Measures\" requires that under the premise of compliance and controlling risks, the Ministry of Finance In conjunction with the People's Bank of China and the Banking Insurance Regulatory Commission, commercial banks provide supporting financing support for eligible special bond project construction entities, and do a good job of effective connection between credit funds and special debt funds.

Recently, Assistant Minister of Finance Owen Han said that local finances should guide project units to actively dock with commercial banks. There are still surplus projects for the repayment of special bonds after the principal and interest of the special bonds. Market -based supporting financing.

Zhou Maohua, a macro researcher of the Financial Market Department of Everbright Bank, said in an interview with the Securities Daily reporter that in order to ensure the successful implementation of large projects and key projects, financial policies are required. The connection between credit funds and special debt funds can be understood as encouraging financial institutions to provide supporting loan financing to special debt projects that meet certain conditions by project loans. This is also an innovative financing model that reflects the coordination of policies such as finance and currency, and enhances the effects of steady growth policies. Through project financing models innovatively leveraging more social funds to participate in the construction of the project smoothly.

The bank has started to act. According to a reporter from the Securities Daily, the Agricultural Bank of China has made every effort to promote the \"special debt+\" financial services, incorporate the project loan driven by the special debt into the scope of the strategic allocation of credit resources, give priority to the supporting financing needs of each branch project, and incentive branches to increase loan loans Strongly support and fully support the construction of major projects related to society and people's livelihood. According to data released by Agricultural Bank, in the first four months of this year, Agricultural Bank of China has underwent 314.8 billion yuan in special bonds for local governments, and is in the leading position of the industry market. The newly distributed project supporting financing of 13.6 billion yuan.

AnotherIn addition, many banks are also actively deploying related work.CITIC Bank recently studied the \"CITIC Bank's 29 Work Measures for Implementing the Stability of the Economic House\", \"Increase support for infrastructure construction and major projects, and actively participate in special debt projects\"; Pudong Development Bank was held on June 1stThe party committee's theoretical learning center group (expanded) emphasizing that \"we must give full play to the advantages of Pudong Development Bank in the financial market business field, actively support the issuance of special bonds for local governments, and increase financial bond underwriting and investment.\"

Owen Han said that in the next step, the Ministry of Finance will continue to supervise the progress of special bond expenditures in various places, guide localities to accelerate the rhythm of special bonds, and better play the positive role of special bonds in the effective investment in effective investment.Stable investment drives employment and promotes growth.

Securities Daily reporter Bao Xing'an Liu Qi