The China Development Bank has completed the issuance of 250 billion yuan in new policy-based financial instruments, supporting over a thousand projects.

Today, reporters learned from the China Development Bank that as of October 28, the bank has completed its task of injecting 250 billion yuan of new-type policy financial instruments, supporting a total of 1054 projects. It is estimated that this will stimulate a total investment of 3.85 trillion yuan and help consolidate and expand the positive momentum of economic recovery. Since the establishment of the China Development Bank's New-type Policy Financial Instruments Limited Company on September 29, a total of 690 projects worth 194.95 billion yuan have been implemented in 12 major economic provinces such as Guangdong, Zhejiang, Sichuan, and Shanghai, accounting for 78%. Out of these projects, 128 have involved private investment and participation of private capital, with an investment of 68.59 billion yuan, accounting for 27.4%. In terms of investment areas, 317 projects related to the digital economy, artificial intelligence, and consumer sectors have been supported, with an investment of 98.02 billion yuan, accounting for 39.2%. The China Development Bank stated that in the next step, it will solidly carry out the operation and post-investment management of the New-type Policy Financial Instruments, strengthen the linkage between investment and loans, accelerate project construction and fund utilization, and ensure prompt results to ensure effective financial services to help achieve the main goals of the year and the "14th Five-Year Plan". This will provide strong support for smoothly starting the "15th Five-Year Plan".