500 billion "quasi-fiscal" tools will be introduced to focus on supporting emerging industries, infrastructure, and so on.

Since May of this year, many places have held policy seminars or project preparation meetings around new policy financial instruments. Recently, some places have further organized a list of projects for funding, specifying the amount of funds to be applied for. According to information disclosed by local authorities, the fund size of the new policy financial instruments is 500 billion yuan, with a focus on emerging industries, infrastructure, and other areas, specifically including digital economy, artificial intelligence, low-altitude economy, consumer sector, green low-carbon, agriculture and rural areas, transportation and logistics, urban infrastructure, etc. Policy banks such as the China Development Bank, the Agricultural Development Bank of China, and the Export-Import Bank of China are involved.