CCTV News: Expectations are the key to market confidence, and under the complex and severe domestic and international situation, the key to stabilizing expectations is to timely introduce powerful and effective policy measures in light of changes in the situation. Since the beginning of this year, my country has continued to introduce a package of incremental reserve policies to launch a "policy combination punch". On April 24, the first issuance of ultra-long-term special treasury bonds in 2025, compared with 2024, the issuance time is about one month ahead of schedule, which will promote the accelerated implementation of the "two-fold" and "two-new" policies, thereby accelerating the release of domestic investment demand.
On May 7, the People's Bank of China announced that my country will lower the reserve requirement ratio of financial institutions by 0.5 percentage points, and is expected to provide the market with long-term liquidity of about 1 trillion yuan. The policy interest rate was lowered by 0.1 percentage point. The interest rate cut and the reserve requirement ratio will provide strong support for stabilizing expectations and other things. This year, aiming at the problem of insufficient capital for project construction, my country will also establish new policy financial tools.
More efforts! In terms of expanding effective investment, this year, on the list of "two-level" construction projects, more major landmark projects across regions and river basins, such as large and medium-sized irrigation areas, large and medium-sized water diversion projects, and intercity railway construction in key urban agglomerations have appeared for the first time. The field of equipment updates continues to expand. At the same time, more funds are supported for the construction of major engineering projects. 1.3 trillion yuan of ultra-long-term special government bonds, an increase of 300 billion yuan over last year.
In terms of promoting the development of private enterprises, this year, my country will launch high-quality projects with a total investment scale of about 3 trillion yuan to private enterprises in key areas such as transportation and energy. In the nuclear power field that has been opened to private enterprises, the proportion of private capital in some projects has reached 20%; in the fields of industrial equipment renewal, some private enterprises account for more than 80%.
This year, my country continues to reduce the negative list of market access. The latest version of the list has been reduced to 106 items, a 30% reduction from the first version. A large number of industry access restrictions have been relaxed and barriers have been removed, so that all types of business entities can see and enter.
Fine funding guarantees, major projects have "timely rain"
The implementation of these "combination punches" will be effective in promoting the accelerated construction of major engineering projects? Our reporters conducted research in many places.
At a reservoir construction site in Sanmenxia City, Henan Province, workers are carrying out concrete construction on the main body of the dam. As an important project in the national large and medium-sized reservoir construction plan, the project can not only effectively alleviate the local water resources shortage, but also increase the flood control standards from once in 20 years to once in 30 years. However, in the early stages of the project planning, construction was delayed due to lack of funds.
Li Qingbo, Director of the Development and Reform Commission of Lushi County, Sanmenxia City: The Jiwan Reservoir Project is a major water conservancy project that we have been looking forward to for many years. It takes about 1.5 billion yuan to build this reservoir. The pressure for us is quite high.
Last year, my country began issuing ultra-long-term special government bonds, sending "timely rain" to engineering construction. At present, the project has obtained a total of 1.2 billion yuan of funds, of which 407 million yuan of additional treasury bonds were issued.
Li Qingbo, Director of the Development and Reform Commission of Lushi County, Sanmenxia City: For us, these funds are like a reassurance. Now we have used resettlement, 123 households have been relocated, and the construction of diversion tunnels, dam foundation projects and ancillary facilities have been completed. The construction progress of the project has been greatly accelerated, and the reservoir is expected to be completed in April 2027.
In an old community in Jinan, Shandong, the heating department is upgrading and renovating the aging heating pipeline network. Due to the long use of these pipeline networks, they have severe leaks, and the room temperature of residents during the heating period is only about 19℃.
Residents of the community: The renovation is good, at least it will not be cold when you sit at home in winter.
This year, Jinan City has fully launched the renovation of the heating pipeline networks in 32 old communities in the city, involving 1.9 million users. The head of Jinan Thermal Power Group told reporters that although there was a plan for transformation before, it was unable to implement due to insufficient funds. The injection of 53 million ultra-long-term treasury bond funds allowed the project to start construction quickly and accelerate its progress.
At present, Jinan City has included 41 projects supported by ultra-long-term treasury bonds. The government has established a work log to timely dispatch project construction and fund allocation, and targetedly strengthen the guarantee of land, planning, energy consumption and supporting funds, and promote the accelerated implementation of projects and smooth progress.
Cui Lili, Director of the Investment Department of Jinan Development and Reform Commission: Start and complete the construction strictly in accordance with the established investment and construction schedule, and then ensure that the country's "two-fold" funds can be used well, generate immediate pull, and convert them into physical work as soon as possible.
