Agricultural Development Bank of China Invests 90 Billion Yuan in Rural Infrastructure via New Fund

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One of China’s big three policy banks has stepped up investment in rural infrastructure via the establishment of a new fund.

Agricultural Development Bank of China (ADBC) said that its Agricultural Development Infrastructure Fund (农发基础设施基金) had made investments of 90 billion yuan as of 20 August, to support over 500 infrastructure projects in the areas of municipal administrative and industrial park infrastructure, transit infrastructure, rural village infrastructure and energy infrastructure.

According to ADBC the infrastructure investments will drive more than one trillion yuan in additional investment.

ADBC said that the Fund is a “new policy finance instrument” for the purpose of guiding infrastructure investment.