Core Insights - The article discusses the tightening of policies regarding special bonds for infrastructure projects in industrial parks, emphasizing the need for projects to meet specific criteria to qualify for funding [1][2]. Group 1: Policy Changes - The recent policy from the State Council indicates a stricter approach to approving special bonds for infrastructure in national and provincial industrial parks, with a focus on projects that are genuinely needed and have interested enterprises [2]. - The approval process for special bonds will now require projects to be located within national or provincial industrial parks and to have necessary approvals in place [2][3]. - There is a clear prohibition against including non-essential projects such as commercial real estate and vanity projects in the funding applications [4][5]. Group 2: Project Requirements - Projects must demonstrate readiness for construction, with approved feasibility studies and secured land [2][7]. - The construction content should primarily focus on standardized factory buildings and essential infrastructure like utilities and roads, with quantifiable metrics provided [2][3]. - Existing facilities within the industrial park should have high utilization rates, indicating demand for new standardized factory buildings [2][3]. Group 3: Financial and Operational Considerations - The income sources for these projects include rental income from buildings, parking fees, and service charges, which should align with the scale of the project [3][8]. - The project implementation entities should primarily be government departments or state-owned enterprises, with specific guidelines on who can apply for the bonds [5]. - There is an emphasis on ensuring that the project’s revenue sources are well-matched with its construction scale, promoting a combination of special bonds and market financing [8]. Group 4: Strategic Planning - The article suggests that future infrastructure projects should incorporate elements of new infrastructure, such as industrial internet and data centers, to align with modern development trends [6]. - It highlights the importance of thorough project planning and coordination to maximize the impact of limited special bond quotas, focusing on regional strengths and collaborative innovation [8].