Jiangxi Province arranged 706 large and medium-sized projects to expand effective investment in 2016, the Xinhua-run cnstock.com reported on Monday.
These projects involved overall 1.32 trillion yuan of investment, of which 345.6 billion yuan would be made in 2016. According to Jiangxi Daily, the province intended to invest more in programs related to railway, highway, airport, and rail transit construction, thermal power plants, emerging industries such as LED products, and modern services sector including an E-commerce logistics base and a software industrial park.
It will encourage investment and financing innovation to better spur social investment. For instance, it will study establishment of industry development guidance funds, parent fund and several sub-funds to form a "1+N" funds system to guide social investment into new photoelectric, bio-pharmacy and new energy vehicle fields. It will strive to apply for more than 20 billion yuan special construction fund from the government, explore a way of combining the special construction fund with local government bonds and enlarge bond issuance quota for local state-owned or controlled enterprises to up over 20 billion yuan to support projects such as urban parking zones, and underground pipeline tunnels.
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