FX.co ★ China Rolls Out CNY 500 Billion Financing to Boost Investment

China has announced the allocation of 500 billion yuan (approximately USD 70.56 billion) under a newly introduced policy-based financial tool aimed at stimulating investment, Xinhua reported on Thursday. This initiative involves three of the country’s major policy banks: the China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China, which have committed 250 billion yuan, 100 billion yuan, and 150 billion yuan, respectively. The funding is designated to support the development of significant projects and address economic shortcomings. It is anticipated that this measure will catalyze investments exceeding 7 trillion yuan. The initiative focuses on advancing projects in technological innovation, broadening consumption, and stabilizing foreign trade, and also emphasizes initiatives within major economic regions and private investment projects.