One of China’s big three policy banks has made over 200 billion yuan yuan in infrastructure investments via a specialised fund.
China Development Bank’s Infrastructure Investment Fund had executed 422 project contracts worth 210 billion yuan as of 26 August, according a report from the Chinese central bank’s Financial News.
The projects are primarily in the five key infrastructure areas outlined by China’s Central Financial and Economic Affairs Commission, as well as tech innovation and vocational education, and projects that are subject to investment via local government special bonds.
Key investments include 7.27 billion yuan for the development of the 135 kilometre Pinglu Canal in Guangxi province, and 1.8 billion yuan for the development of the Su-Tai Highway in the Yangtze River Region.
