Within one month, all 500 billion yuan of new policy financial instruments have been fully deployed. Shanghai Securities News reporter learned that China Development Bank, Agricultural Development Bank, and Export Import Bank recently announced the completion of 250 billion yuan, 150 billion yuan, and 100 billion yuan of new policy financial instrument deployment tasks, which are expected to drive total project investment of 3.85 trillion yuan, 19300 million yuan, and 1.3 trillion yuan respectively, totaling 7.08 trillion yuan, helping to consolidate and expand the positive momentum of economic recovery. New policy oriented financial instruments are regarded as "quasi fiscal" tools. Overall, 500 billion yuan of funds will be invested to cover key areas and fully leverage the role of economic provinces as the "main drivers". From a regional perspective, China Development Bank has invested 690 projects worth 194.95 billion yuan in 12 major economic provinces including Guangdong, Zhejiang, Sichuan, and Shanghai; The Agricultural Development Bank of China has cumulatively supported 667 projects with a total amount of 108.723 billion yuan in 12 major economic provinces including Zhejiang, Guangdong, and Jiangsu; The Export Import Bank has provided preferential support to the top 12 economic provinces in terms of total economic output in 2024, promoting the implementation of more than 240 projects, with loan amounts accounting for nearly 80%. Looking at it, "quasi fiscal" tools have a prominent role in leveraging private investment. The reporter learned that China Development Bank supports 128 projects involving private investment and private capital participation, with a total investment of 68.59 billion yuan; The Agricultural Development Bank of China focuses on supporting 52 private investment projects in important industries and key areas, with a total amount of 15.533 billion yuan; The Export Import Bank has promoted the implementation of more than 100 private investment and private capital participation projects, with loan amounts accounting for over 30%. Focus on precise investment in key areas. China Development Bank supports 317 projects in the fields of digital economy, artificial intelligence, and consumption, with a total investment of 98.02 billion yuan; The Agricultural Development Bank of China supports 881 projects in the above-mentioned key areas, with a total amount of 150 billion yuan; The Export Import Bank has promoted the implementation of more than 150 projects in the fields of digital economy and artificial intelligence, with loan amounts accounting for over 40%. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, stated in an interview with reporters that the new policy based financial instruments will focus on improving the basic platforms of emerging industries such as digital economy, artificial intelligence, and low altitude economy, by providing public and quasi public products to drive commercial investment in related fields. In addition, the government may provide interest subsidies for new policy oriented financial instruments, which is also different from similar policy instruments in the past. This can effectively reduce the financing costs of new policy based financial instruments. On the one hand, it reflects the coordination of fiscal and financial policies, and on the other hand, it also helps to accelerate the progress of related work and quickly form the physical workload of project investment. ”Wang Qing said. (New Society)