At the end of September, the person in charge of the relevant departments of the China Banking Regulatory Commission said that the amount of policy development financial instruments implemented in the early stage of the project was 300 billion yuan, and the total planned investment of the project exceeded 3 trillion yuan, which was mainly used for infrastructure construction in the fields of transportation, rural agriculture, energy and water conservancy. In addition, the second batch of 300 billion yuan was basically put into use in September. According to official website, China Development Bank and Agricultural Development Bank, as of September 20th, their second-phase funds have invested 654.38+05 billion and 654.38+00 billion respectively.
The banking industry strongly supports infrastructure construction financing.
On June 29th, the Standing Committee of the State Council proposed that the People's Bank of China support China Development Bank and Agricultural Development Bank to set up financial instruments with a scale of * * * 300 billion yuan to supplement the capital required for major projects and guide financial institutions to increase supporting financing.
On this basis, the policy development of financial instruments ushered in further expansion. On August 24th, the Standing Committee of the State Council once again proposed to increase the amount of policy-oriented development financial instruments by more than 300 billion yuan, that is, the scale of infrastructure investment funds reached more than 600 billion yuan.
With the development of policy financial instruments, the flowing water of finance has accelerated to flow into the field of infrastructure investment. From policy development banks to commercial banks, the credit for infrastructure construction and major projects has been increasing, and the supporting financing of commercial banks has also landed.
The reporter of Shell Finance learned that on July 3rd1288, the Agricultural Bank of China (60 1288) completed the loan of 654.38+32 million yuan for the expressway project in Tai Su, realizing the first matching financing for the infrastructure fund project of national commercial banks.
Among the big state-owned banks, China Construction Bank (60 1939) comprehensively promoted supporting financing for infrastructure projects, focusing on key areas such as transportation, water conservancy, energy and municipal administration. The total credit of two batches of infrastructure funds reached 28 16 billion yuan, which ensured the effective promotion of supporting financing for fund projects.
In addition, China Everbright Bank (60 18 18) has also invested in seven "National Infrastructure Fund Major Projects" supporting financing. Up to now, the investment amount has been 1780,000 yuan, and the credit has been granted to17 projects, with the total amount exceeding 10 billion yuan.
The policy was precise, and the growth rate of infrastructure investment continued to accelerate during the year.
Statistics from the National Bureau of Statistics show that the number of infrastructure investment projects has increased significantly this year. With the gradual arrival of construction funds such as special debts, infrastructure projects have started one after another, and the investment progress has been accelerating. From June 5438 to August, there were 52,000 new infrastructure projects, an increase of10.2 million compared with the same period in June 5438+0.7, an increase of 7,896.
Meanwhile, the growth rate of infrastructure investment continued to accelerate. From June 5438 to August, the planned total investment of infrastructure investment of newly started projects increased by 16.6% year-on-year, among which the planned total investment of newly started projects with a total investment of over 100 million yuan increased by 18.8% year-on-year. From the perspective of infrastructure investment, infrastructure investment increased by 8.3% from June to August, and the growth rate rebounded for four consecutive months. The leverage of special bonds and policy development financial instruments has gradually emerged.
Fu, spokesman of the National Bureau of Statistics, said at the press conference of the new office in September 16 that according to preliminary statistics, the amount of policy-oriented development financial instruments implemented in the early stage was 300 billion yuan, and more than 900 investment projects were supported. The total planned investment of the project exceeds 3 trillion yuan, and the investment leverage effect is obvious. On the whole, the additional amount of policy-oriented development financial instruments and special debt policies issued by the State Council directly invested in the infrastructure sector, which reflected the accuracy of the policy, paid more attention to the high-quality planning and construction of infrastructure such as transportation, water conservancy, medical care and education, made up the shortcomings in the people's livelihood sector, and was conducive to the steady growth of infrastructure investment.
The supporting role of policy financial instruments will be further revealed in the fourth quarter.
At the regular meeting in the third quarter, the central bank said that it should maintain a reasonable and sufficient liquidity, enhance the stability of total credit growth, and keep the growth rate of money supply and social financing basically matching the nominal economic growth rate.
In the use of structural tools, compared with the second quarter, the expression of "making good use of policy-oriented development financial tools and focusing on supporting infrastructure construction" has been added, and this has been put at the forefront. At the same time, it also added "strengthening support for key areas, weak links and industries affected by the epidemic, and supporting financial institutions to issue loans for equipment renovation in key areas such as manufacturing".
Zhou, a macro researcher in the financial market department of China Everbright Bank, said that a moderate increase in infrastructure investment will help expand effective investment. At the same time, the long industrial chain of large-scale infrastructure projects will help promote employment and promote the release of comprehensive effects of consumption.
Tan Zaiyan, chief fixed income analyst of Minsheng Securities, pointed out in the research report that combined with the actual launch and policy statement, it is estimated that two batches of 300 billion yuan policy financial instruments can incite a total investment of about 3 trillion yuan. If the project starts in three years, considering the landing time and rhythm of two batches of policy financial instruments, the corresponding infrastructure construction scale this year is about 0.75 trillion yuan. From the rhythm point of view, considering that the current policy-based financial instruments are accelerating implementation and forming physical workload, infrastructure investment will be supported in the third quarter, and the supporting role will be further manifested in the fourth quarter, which can maintain a high growth level of infrastructure during the year.
Li Qilin, director of Hongta Securities Research Institute, also pointed out in the research report that the financing needs of entity enterprises may still be driven by infrastructure projects in the future. At present, the second batch of 300 billion policy financial instruments can be used to supplement the project capital, and 500 billion special debt lines should be issued before the end of/kloc-0. The continuous availability of financial funds can effectively promote the progress of infrastructure projects. At the same time, with the weakening of high-temperature power cuts and the concentration of local governments and financial institutions to promote steady growth under policy pressure, the progress of infrastructure projects will be rapidly advanced, thus inciting more social financing.