Our reporter Bao Xing'an
Entering the fourth quarter, steady investment continued to increase, and a number of major projects started intensively.
According to incomplete statistics from a reporter from Securities Daily, from October 1 to October 19, a number of major projects were started in Shaanxi, Henan, Sichuan, Shandong and other places, with a total investment scale of 480.3 billion yuan, involving infrastructure, manufacturing, etc. field.
Zhang Yiqun, deputy director of the Performance Management Special Committee of the China Society for Finance and Economics, said in an interview with a reporter from Securities Daily that the fourth quarter is the peak construction season, and all localities seize the investment window period and use policy-based development financial tools, special bonds, and special re-loans. We will use various means to raise funds, speed up the construction of major projects, expand effective investment, and help stabilize the macroeconomic market.
From the implementation situation, on October 9, a total of 50 major projects in Zaozhuang City, Shandong Province started construction, with a total investment of 68.6 billion yuan, involving new energy, new materials, high-end equipment manufacturing, etc.; on October 17, Fugu, Shaanxi Province 21 projects in the county were started in a centralized manner, with a total investment of 2.895 billion yuan; on October 18, Xintian County, Hunan Province held the fifth major project start-up activity in 2022, including 5 projects such as the China Guangdong Nuclear Power Energy Storage Power Plant Project, covering industrial development, basic Facilities and other fields, the total investment of the project is 6.11 billion yuan.
According to Xie Logistics, senior investment consultant of Jufeng Investment Consultants, my country is currently in an important window of economic recovery. A number of major projects are intensively started, which will form a visible physical workload and can better play a leading role in investment. It is expected that follow-up Investment in infrastructure construction is expected to further rebound, providing stronger support for stabilizing the broader economic market.
Since the beginning of this year, a number of policy tools have been implemented to further stabilize investment and stabilize the economy, including policy development financial tools, special debt balance limits, and special re-loans.
Policy-based development financial instruments are an important measure to stabilize the economy.
The executive meeting of the State Council held on August 24 proposed to increase the quota of more than 300 billion yuan on the basis of the 300 billion yuan policy-based development financial instruments that have fallen into the project.
Recently, Zhou Minyuan, director of the Policy Banking Department of the China Banking and Insurance Regulatory Commission, introduced in an interview with the media that so far, development banks and policy banks have invested more than 730 billion yuan in policy development financial instruments.
Special bonds are the main starting point for expanding effective investment. As the quota of special bonds for project construction in the first half of this year has basically been issued, the executive meeting of the State Council held on August 24 proposed that "the local government should make good use of more than 500 billion yuan of special bonds in accordance with the law. Balance Limit".
At present, the balance limit of special bonds is being issued, and the issuance will be completed by the end of October in all regions according to the plan.
According to data from Oriental Fortune Choice, from October 1 to October 19, the issuance of new special bonds was 98.45 billion yuan.
In terms of special re-loan policy, on September 28, the People's Bank of China established a special re-loan for equipment renovation and transformation, with an amount of more than 200 billion yuan, to provide low-cost funds to financial institutions and guide financial institutions to support charging piles, urban underground comprehensive utility tunnels, Equipment purchase and renovation in 10 key areas such as new infrastructure.
Wang Qing, chief macro analyst of Oriental Jincheng, said that this will directly promote investment in equipment renewal in related fields. It is expected that investment in the social field will maintain a double-digit growth momentum in the fourth quarter, and will continue to play an active role in promoting investment.
Zhang Yiqun said that the current efforts of fiscal and financial tools can maximize the demand for project funds and avoid the situation of "projects and other funds"; on the other hand, the investment coverage of various policy tools is constantly expanding. In addition to infrastructure projects, some Investment in manufacturing projects related to high-quality economic development and in education, health, cultural tourism and other service industry projects related to people's livelihood and well-being has increased, which will help strengthen the development potential.
Zhang Yiqun predicts that the economic recovery will be more obvious in the fourth quarter, and the economic activity will increase as investment continues to increase, which will play a crucial role in maintaining reasonable economic growth throughout the year.
(Securities Daily)