21st Century Business Herald:

The meeting of the Political Bureau of the CPC Central Committee proposed making good use of ultra-long special treasury bonds to support major national strategies and build up security capacity in key areas. What progress has been made in this respect? What is the situation with major project approvals? What considerations do you have for the future implementation of supporting major national strategies and building up security capacity in key areas? Thank you. 

Zhao Chenxin:

Mr. Zhang, please answer the questions.

Zhang Shixin:

Thank you for your questions. Issuing ultra-long special treasury bonds to support major national strategies and build up security capacity in key areas is a major strategic decision and deployment made by the CPC Central Committee and the State Council. It focuses on the overall situation of building a great country and achieving national rejuvenation. It is an important lever for promoting Chinese modernization, driving high-quality development, and taking an active approach to development.

Recently, in accordance with the decisions and requirements from a meeting of the Political Bureau of the CPC Central Committee and the State Council's video conference on mobilizing support for the construction of projects to implement major national strategies and build up security capacity in key areas, the NDRC continues to promote one-stop government services, and has established and refined a collaborative working mechanism with 30 departments and agencies. We aim to comprehensively advance key tasks in both "hard investments" and "soft construction," and ensure high-quality implementation across all aspects of these projects.

Regarding "hard investments," we have worked with relevant departments to organize projects from top to bottom, employing rigorous screening and selection criteria. Priority has been assigned to major landmark projects spanning regions and river basins, ensuring these initiatives effectively implement major national strategies and build up security capacity in key areas. Currently, the list for the first two batches of this year's projects has been issued, focusing on areas such as accelerating scientific and technological self-reliance and strength, promoting coordinated regional development, enhancing food and energy security, driving high-quality population development, and comprehensively advancing the Beautiful China Initiative. We are currently working diligently to ensure rapid fund allocation and expedite the commencement of project construction.

In terms of "soft construction," we are adhering to the principle of combining project development with supporting reforms. We are accelerating research and formulation of policies, plans, and innovations in systems and mechanisms as part of our "soft construction" reform measures, aiming to improve investment mechanisms and enhance investment efficiency. To date, we have promoted the issuance of a series of policy documents, such as those aimed at promoting the high-quality development of venture capital. Relevant policies, measures and long-term mechanisms are being continuously refined and improved.

Next, we will thoroughly study and implement the guiding principles from the third plenary session of the 20th CPC Central Committee, adhering to the principle of putting equal emphasis on quality and efficiency. We will diligently carry out the follow-up work of organize and select projects, enhance digital monitoring and daily coordination, and conduct timely on-site inspections to accelerate project initiation. Simultaneously, in conjunction with project investments, we will promptly formulate and issue supporting policies and reform measures for "soft construction," continuously optimizing institutional supply to promote the achievement of our goals. Thank you.