Recently reporters learned from the Industrial Bank that “Fujian public-private partnership fund”(hereinafter referred to as “PPP Fund”), co-launched by the IB and the Fujian Provincial Department of Finance, is expected to convene the first session of council soon and officially startoperating the fund. The20-billion-yuanfund, with a period of 10 years, focuses on PPP projects that are included in the Fujian ProvincialPPP Projects Bank withfinancialcapacity alreadydemonstrated.
At present, the PPP fund has been approved by Fujian Provincial People’s Government, and the Fujian Provincial Department of Finance has issued the Measures for the Control of Public-PrivatePartnership Fund (PPP) and completed the pre-approval of the name of PPPfund. The professional team of fund management company has been put in place and has begun to draw up guidelines for project access and undertaken complete investigation on the projects and preliminary screening.
According to data provided by Zero2IPO Research Center, currentlythe total amount of the registered capital of publicly discloseddomestic PPP fund has exceeded 700 billion yuan. Among them, Fujian province is in the forefront. As of the end of July, the public-private partnership(PPP)in Fujian province has signed agreements with 34 projects, accounting for 13.65% of the total number of the national registration platform, and has settled down a total investment of 51.7billion yuan, and introduced46 non-governmental capital providers.
“PPP fund will enhance the confidence of social capital, attract more social capital and financial institutions to enter the PPP field. At the same time, the professional operation of fund management team and advisory servicesalso ensure the standardized and orderly promotion and operation of the relevant projects, and motivategovernments at all levels to promote and adopt thePPP mode”,said the leader oftheInvestment Banking Department of the Industrial Bank.
At present, our country is trying to regulate the local government financing mechanism, deepenthe reform of the fiscal and taxation system and builda modern fiscal system. As the only Fujian-based national joint-stock commercial bank, in recent years, the Industrial Bank has givenfull play to the advantage of group integrated operation, vigorously support innovation in terms of infrastructure in Fujian province and investment and financing mechanism in public services, servethe development of the real economy in the region, and gradually explore a new mode featuringthe commercial banks participate in the investment and financingreforms of the local governments. Earlier in July, Fujian Technical Reconstruction Fund, co-launched by the Industrial Bank and the Fujian Provincial Department of Finance, has succeeded in landing the first batch of investment projects, providing 60 million yuan low-cost capital for CPTF Optronics Co., Ltd. and Fujian Shenyuan New Materials Co., Ltd.and supportingthe adjustment of economic structure and the supply side reformin Fujian Province.