CDB completes 365bn yuan policy tool deployment as project equity, covering ~5.5tn yuan of investment.
China Development Bank said via its WeChat account at 20:48 on 27 October that it had that day completed deploying 365 billion yuan under the new policy-based financial instrument, all as project equity capital, covering projects with total investment of about 5.5 trillion yuan. Of the total, 127.99 billion yuan (35.1%) went to projects with private investment or private capital; 277.86 billion yuan (76.1%) to 11 larger provincial economies including Anhui, Zhejiang and Sichuan; and 179.01 billion yuan (49%) to AI, the digital economy, green and low-carbon, biopharma and consumption. The release cited 38 AI projects, 260 digital-economy, 422 green, 93 consumption and 566 in rail, aviation, ports and other fields. Reuters reported in August that the broader roughly 800 billion yuan (about $119 billion) policy financing tool had begun taking project applications but faced a roll-out lag.
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