

Core Viewpoint - The first batch of new policy financial tools is expected to be 500 billion yuan, aimed at providing capital supplementation for investment projects in key support areas [1] Group 1: Financial Tools Overview - The new policy financial tools may expand further in the future, potentially led by policy banks [1] - Funding sources for these tools may include policy bank financial bond issuance and loans from the central bank to policy banks [1] Group 2: Supported Sectors - The first batch of tools primarily supports eight key areas: digital economy, artificial intelligence, low-altitude economy, infrastructure in the consumer sector, green and low-carbon transition, agriculture and rural development, transportation and logistics, and municipal and industrial parks [1] Group 3: Investment Details - The financial tools will supplement capital for major projects through shareholder loans or equity investments by fund companies established by three major policy banks [1] - The funding provided by these tools will not exceed 50% of the project capital, with the possibility of increasing to 80% for key sectors or industries [1] - The investment term is set for over 5 years, with an interest rate of approximately 2.5% [1]