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新型政策性金融工具渐近 多地“摩拳擦掌”
证券时报·2025-06-12 02:57

Core Viewpoint - The article discusses the anticipation surrounding the upcoming announcement of a new type of policy financial tool, which is expected to be officially revealed soon, as local governments have already begun preparatory meetings for project applications [1][2]. Group 1: Policy Financial Tools - As of June 11, 2023, 12 provinces, including Shandong, Hunan, and Hubei, have held meetings to interpret policies and facilitate project applications for the new financial tools, aiming to seize opportunities in policy-driven development finance [2]. - In 2022, three policy financial institutions created and deployed approximately 740 billion yuan (about 740 billion) in policy and development financial tools to support major project capital and bridge funding for special bond projects [2]. - The new financial tools are expected to be officially launched in the second quarter of 2023, with local governments actively preparing for their implementation [2]. Group 2: Support Areas and Mechanisms - The new financial tools are likely to target significant projects in areas such as new urbanization, agriculture, artificial intelligence, digital economy, and infrastructure for consumer sectors [3]. - Local governments are focusing on specific sectors for project applications, such as industrial, cultural tourism, agriculture, and urban construction, to align with the new financial tools [3]. - The tools are designed to address capital shortages in key project areas, with support from the central bank's policy loans (PSL) to supplement fiscal efforts [3]. Group 3: Implementation and Coordination - Key policy financial institutions, including the China Development Bank, Agricultural Development Bank, and China Export-Import Bank, are actively involved in the promotion and explanation of the new financial tools [4]. - Local governments are conducting project scheduling meetings to prepare and reserve projects ahead of the official announcement of the new tools, emphasizing the importance of timely project applications [4]. - The new financial tools are seen as crucial for leveraging social capital and expanding effective investment, with local officials urging the identification and implementation of high-quality projects [4].