The person in charge of the relevant departments of the Ministry of Finance introduced yesterday that in the first three quarters of this year, my country's local government special bonds accelerated the issuance and use, effectively giving full play to the policy effectiveness of special bonds to benefit people's livelihood, promote investment, and make up for shortcomings.
New special bond issuance is steadily accelerating
Progress reached 81%
From January to September this year, a total of 3.5608 billion yuan of new special bonds were issued across the country, with an issuance progress of 81%. Among them, 633.9 billion yuan was issued in September, an increase of 214.8 billion yuan compared with the same period last year, and the issuance speed was significantly accelerated. The project reserves and bond issuance in the 14 "self-examination and self-initiation" pilot areas are more closely connected, with 2.7087 billion yuan issued from January to September, accounting for 76% of the national issuance.
Zhao Zeyong, deputy director of the Debt Management Department of the Ministry of Finance: Priority is given to ensuring the funding needs of projects under construction and continuation, and the coordination of funds and projects is more optimized. Focus on investing in the construction of infrastructure and people's livelihood projects such as municipal and industrial parks, transportation, affordable housing projects, and urban renewal, and effectively leverage the policy effectiveness of special bonds to benefit people's livelihood, promote investment, and make up for shortcomings.
In recent years, under the authorization of the Standing Committee of the National People's Congress and with the approval of the State Council, the Ministry of Finance has issued in advance the new local government debt limit for the next year within 60% of the new local government debt limit in the fourth quarter of each year. Next, the Ministry of Finance will work hard to issue some new local government debt limits in 2027 in advance to ensure that bond issuance starts as early as possible in January next year.
Fiscal and financial coordination promotes domestic demand
Benefiting 8.36 million enterprises
The person in charge of the relevant departments of the Ministry of Finance introduced yesterday that at the beginning of this year, my country innovatively established fiscal and financial collaborative policy tools to promote domestic demand. Judging from the implementation in the first three quarters, the policy effects have gradually emerged.
In the first three quarters of this year, my country's policies such as loan discounts for small, medium and micro enterprises, equipment renewal loan discounts, service industry business entity loan discounts, personal consumption loan discounts, and private investment special guarantee plans supported more than 28 trillion yuan in newly issued credit in related fields, a year-on-year increase of 3.1%, benefiting a total of 8.36 million companies and 147 million residents.
The package of policies anchors the goal of expanding domestic demand, uses fiscal funds to draw financial resources and financial channels to exert a multiplier effect, and strives to stimulate private investment and promote residents' consumption. In the first three quarters, the cumulative benefits to private investment and household consumption exceeded 2 trillion yuan.
During the implementation process, the policy closely follows market demand, dynamically expands the scope of support, and better matches the financing needs of enterprise operations and residents' consumption. Taking loan interest discounts for small, medium and micro enterprises as an example, the policy initially focused on supporting fixed asset loans. In order to meet the daily operating turnover needs of enterprises, working capital loans were included in the scope of support from August, and the policy effect was accelerated.
Li Nan, Deputy Director of the Financial Department of the Ministry of Finance: Supported the new issuance of working capital loans of more than 1.8 trillion yuan in two months, benefiting more than 500,000 small, medium and micro enterprises, providing support for stabilizing operations and stabilizing jobs.
my country’s e-commerce development momentum continues to move towards new
The reporter learned from the Ministry of Commerce that in the first three quarters of this year, my country's e-commerce development momentum continued to gain momentum, and online retail strongly supported consumption growth and enhanced the resilience and vitality of my country's economic development.
Promote consumption more effectively. In the first three quarters of this year, the national online retail sales of goods and services increased by 4.4%. According to estimates from the Ministry of Commerce, it contributed 45.4% to the growth of total retail sales of consumer goods and services. The retail sales of online services are growing rapidly. According to business big data monitoring, online travel, online life services and online catering all maintain double-digit growth.
Development momentum continues to move forward. E-commerce platforms have accelerated independent research and development in the fields of cloud services, large models, and computing chips. The performance level of large models, monthly active users, and number of word element calls have risen to the forefront of the world, becoming an important new force in the development of artificial intelligence in my country. At the same time, digital intelligence in e-commerce empowers agriculture, industry and service industries. In the first three quarters, the online retail sales of my country's agricultural products increased by 12.6%, and the added value of the information transmission, software and information technology service industry increased by 10.4%.
