The total investment is nearly 34 trillion yuan! A wave of new infrastructure investment lists was announced, and Guangdong, Jiangsu and Gansu provinces urgently expanded public health projects.

The 2012 Financial Management and Financial Analysis Symposium (FMBA2012) was jointly organized by the University of Hong Kong and Tsinghua University. Some information in the financial sector was shared by the students' original or recommended information.

Source: Where does the trillion-dollar investment in 21st Century Business Herald come from? As the epidemic situation gradually improves, a new round of project investment boom is about to begin. According to the statistics of the 21st Century Business Herald, as of March 1, 13 provinces and cities including Beijing, Hebei, Shanxi, Shanghai, Heilongjiang, Jiangsu, Fujian, Shandong, Henan, Yunnan, Sichuan, Chongqing, Ningxia, etc. announced 2020 Key project investment plan for the year. The investment list includes 10326 projects, of which 8 provinces have announced a total planned investment of 33.83 trillion yuan. Another eight provinces announced annual investments totaling approximately 2.79 trillion yuan. In addition, regions that have not announced project investment plans are speeding up the planning and storage of some major projects. For example, Anhui requires local governments to apply for investment plans for key projects in 2020. Guizhou requires all regions to submit the first batch of reserve projects by February 14. "Investment will definitely increase this year," said Liu Xuezhi, a senior researcher at the Bank's Financial Research Center. In fact, since the fourth quarter of last year, capital investment has begun to take off. In addition, the focus of current work is to place epidemic prevention and stable growth on equal priority. Local governments are expected to launch stable investment projects one after another to deal with the impact of the epidemic and the downward pressure on the economy. In terms of the regions where specific investment plans have been disclosed, infrastructure investment is an important part of all regional investment plans, with some regions accounting for more than half of the total investment. Taking Chongqing as an example, 924 major construction projects will be promoted in 2020, with a total investment of about 2.7 trillion yuan and an annual plan of 340 billion yuan. Among them, the investment in infrastructure construction is the largest, including 367 projects in transportation, municipal administration, water conservancy, ecological protection, energy and transportation. The planned investment is about 1.45 trillion yuan, accounting for 85% of the total investment. Yunnan Province has specially launched the "Double Ten" major project focusing on infrastructure, with a total investment of about 3. 6 trillion yuan. New projects account for more than half of the total, with a total investment of about 2 trillion yuan. "Compared with consumption-driven, infrastructure investment has a more direct mechanism and faster policy effects. Second, in short-term areas such as the central and western regions of China and new rural areas, there is still a lot of room for infrastructure investment growth." It is believed that from the economic data of January and February, the downward pressure on the economy will further increase due to the impact of the epidemic. The role of stabilizing infrastructure investment to stimulate economic growth will be more prominent. The signal of the Political Bureau meeting of the Central Committee of the Communist Party of China held on February 21st. The meeting emphasized the need to actively expand effective demand, promote consumer recovery and potential release, give full play to the key role of effective investment, increase the launch of new investment projects, and accelerate the progress of projects under construction. The reporter observed that, in addition to projects under construction and new construction, many regions have disclosed quite a number of preliminary projects. For example, Shandong has announced 88 major pre-projects, and Hebei has arranged 143 pre-projects, accounting for nearly 30% of the total number of projects, which indicates that local governments have established certain project reserves to hedge potential economic downside risks. Unlike in the past, in the list of major project investments announced in many places, the project investment related to the epidemic situation is urgently expanding. For example, Jiangsu Province has arranged 10 livelihood projects with an annual planned investment of 95.8 billion yuan. In particular, in order to cope with the new epidemic of coronavirus pneumonia, new public health projects such as Nanjing Second Hospital (Provincial Infectious Disease Hospital) were newly expanded. Guangdong Province will focus on planning and reserving a number of new projects for public health, environmental protection, rural infrastructure and other epidemic-exposed areas as a supplement to this year's key project plans for unified management. Not only the major economic provinces, but also the western provinces, which have been relatively less affected by the epidemic, have increased investment in public health. Yes Complement the project plan for unified management. Not only the major economic provinces, but also the western provinces, which have been relatively less affected by the epidemic, have increased investment in public health. Yes Complement the project plan for unified management. Not only the major economic provinces, but also the western provinces, which have been relatively less affected by the epidemic, have increased investment in public health. Yes

Local governments should not follow the old path of blindly stimulating floods. Instead, they should invest funds in short-term areas such as urban-rural coordination, ecological environmental protection, and basic public services in accordance with the requirements of high-quality development. This is in line with the investment direction of the new era. The investment list for the project has been determined. The next step is to fight the epidemic. How do we "grab" the loss? In order to ensure that a number of key projects resume work immediately after the outbreak, all localities have done their best. Hebei Province requires the city leaders to pack 536 provincial key projects, and construction of all projects must begin before the end of June. Heilongjiang Province implemented the "Big 100 Projects", and approved 18 key projects within a few days with 9 policies. However, the experts interviewed by reporter 21 all mentioned the same issue: Where do trillions of investments come from? According to the information disclosed, project investment in many places has increased compared to previous years. Compared with 2019, the number of major construction projects and total investment in Chongqing will increase by more than 30% in 2020, especially the number of new projects and total investment will increase by nearly 70% and 40%, respectively. Jiangsu plans to invest 541 billion yuan annually, an increase of 8 billion yuan over the previous year. Yang Wei, senior analyst of macro and fixed income of Lianxun Securities, told reporters that there are generally two ways for local governments to obtain project funds. The first is fiscal distribution. The second is to raise funds through various channels, which currently account for about 45-50% of the total. The latter mainly includes general debt, special debt, platform debt, platform loans, purchasing power parity and so on. "But now fiscal revenue and fund revenue are declining, and local governments' financial resources are already tight. It is estimated that there is limited space for fiscal funds." Yang Wei said that the next step depends on how much space there is for financing channels. On February 24, Han, assistant minister of the Ministry of Finance and member of the party group, said at a news conference of the new office of the State Council that the Ministry of Finance will expand the scale of special bonds issued by local governments and guide local governments to make project reserves in accordance with the principle of "funds and projects" And preliminary work to form an effective investment as soon as possible. However, there is limited room for local debt. Zhang Yansheng said that after the 4 trillion yuan economic stimulus was implemented at the end of 2008, China's macro leverage ratio rose from 142% to 256% in 2017. Some local debts formed at that time are still being resolved. "Demand may be unlimited, but the ability to pay is limited. Effective and rational allocation of scarce resources is the key to sustainable development." Zhang Yansheng emphasized that infrastructure investment is not only a means of stimulating economic growth, but also affecting people's livelihood and welfare An important means of equalizing basic public services. We should do what we can to stay sustainable. We should also respect the laws of the market and the sustainable development of public services. It is reported that in order to raise funds through multiple channels, Beijing has clearly stipulated that the proportion of social investment projects with private investment as the main body must not be less than 70%. In Shanxi Province, the Shanxi Branch of the United Nations Development Bank set up a special fund to supplement short-term investments to ensure that projects are adequately funded. (Editor: Week) Millions of readers are reading about the upcoming wave of virus amplifier rework: which city has the greatest pressure to spread the epidemic: economic impact of new crown pneumonia and countermeasures to improve policies: tech companies go public with books in the Spring Festival 2020 Before pneumonia | More change, how tight is the financial update of Vientiane? Wedger: After 2020, bubbles, plunders and crises will emerge in the negative interest rate era of China's three most profitable industries! Large-scale rental cancellations, vacancy rates of more than 40%, and landlords in first-tier cities are also anxious. Ma Yun's step down speech: I hope to change the rivers and lakes, I will lose money when the house price is almost flat, what should I buy now? Global Monetary Policy Relaxed Again: An Impossible Flight China's Rise in the Eyes of Americans | Harvard Professor TED Lecture Huang: What would happen if China implemented zero tariffs? China's most profitable company is hoarding stocks! The breakdown of the adult is calm: h