广东提出积极推动广大民营企业参与重大项目建设

Guangdong proposes to actively encourage private enterprises to participate in major project construction

【环球网财经综合报道】人民财讯8月10日报道，据广东省发展改革委消息，近日，广东省发展改革委联合省工商联举办全省新型政策性金融工具培训视频会议（民营企业专场）。会上，广东省发展改革委介绍了2026年新型政策性金融工具的总体要求、重点投向和支持领域，要求各地各部门提高政治站位，充分认识此项工作的重要意义，积极推动广大民营企业参与重大项目建设，切实把政策红利转化为发展实效。

[Global Times Finance] People’s Finance reported on August 10 that the Guangdong Provincial Development and Reform Commission said it, together with the Guangdong Provincial Federation of Industry and Commerce, had recently hosted a provincial video training session on new policy-based financial instruments (special session for private enterprises). At the meeting, the commission explained the overarching requirements, key investment focuses and supported sectors for the 2026 new policy-based financial instruments. It called on all local authorities and departments to raise their political standing, fully recognize the significance of this work, actively encourage private enterprises to participate in major project construction, and effectively translate policy dividends into tangible development outcomes.

下一步，广东省发展改革委将深化与三家政策性银行的日常沟通，全周期跟踪项目申报审批进展，全链条协调破解难点堵点，力争更多优质民营项目纳入国家“盘子”，为全省扩投资、稳增长作出新的更大贡献。

Going forward, the Guangdong Provincial Development and Reform Commission will deepen regular communication with the three policy banks, track the progress of project application and approval across the full lifecycle, and conduct cross-chain coordination to address bottlenecks and hurdles. It will seek to incorporate more high-quality private projects into the national project pool, thus making new and greater contributions to expanding investment and stabilizing growth province-wide.

《债券》此前刊文称，新型政策性金融工具由国家发展改革委牵头筛选项目，由财政部门给予贷款贴息，执行主体为国家开发银行、中国进出口银行和中国农业发展银行（以下简称“3家银行”）。新型政策性金融工具具有“准财政”工具的特征。“准财政”工具是传统财政工具的有效补充，具有高效、灵活的特点，对维护经济平稳健康发展具有重要作用。

An earlier article in *China Bond* stated that for new policy-based financial instruments, the National Development and Reform Commission (NDRC) takes the lead in project screening; fiscal authorities provide loan interest subsidies. The implementing agencies are the China Development Bank, the Export-Import Bank of China and the Agricultural Development Bank of China (hereinafter referred to as "the three banks"). New policy-based financial instruments feature quasi-fiscal attributes. Quasi-fiscal instruments serve as an effective supplement to traditional fiscal tools. They are efficient and flexible and play a vital role in sustaining steady and sound economic development.

2025年4月，中共中央政治局会议提出设立新型政策性金融工具。同年，5000亿元资金完成投放。2026年，新型政策性金融工具进一步扩容。新型政策性金融工具撬动资金的能力更强，主要是因为新型政策性金融工具仅用于补充项目资本金，资本金的权益属性使得杠杆效应明显提升。

In April 2025, the meeting of the Political Bureau of the CPC Central Committee proposed the launch of new policy-based financial instruments. In the same year, the 500 billion-yuan fund was fully disbursed. In 2026, these new policy-based financial instruments will be further scaled up. Such instruments boast stronger capacity to mobilize additional capital, primarily because they serve solely to supplement project equity capital. The equity nature of such capital markedly amplifies the leverage effect.

文章还提出，预计新型政策性金融工具在2026年的投资领域会与2025年保持一致，但投资机制或将进一步优化。一方面，项目初步筛选、政策研究和项目自评估等前期工作更加有针对性，并且随着项目储备增加，项目质量可能会提高；另一方面，投资监督体系更加完善，同时加大对已投资项目配套贷款的支持力度，既有利于项目的全生命周期管理，也有利于保障资金的安全、高效利用。

The article also notes that the sectors targeted for investment by new policy-based financial instruments in 2026 are expected to remain aligned with those in 2025, though the investment mechanism may be further refined. On the one hand, preliminary tasks including initial project screening, policy research and project self-assessment will become more targeted. As the project reserve pool expands, project quality is likely to rise. On the other hand, the investment oversight system will be improved, and support for complementary loans for invested projects will be scaled up. This will facilitate full-lifecycle project management and help ensure the safe and efficient use of funds.