China's first low carbon fund set to boost 20 billion investment

Xinhua Beijing, Nanchang, February 1 (Jian) China's first innovative, pioneering low-carbon and urban Development Fund, "Nanchang Kaiyuan Urban Development Fund" February 1, established in Nanchang, Jiangxi Province, Nanchang with the state-run financial company jointly funded 5 billion yuan, is expected to be able to pull 20 billion of the relevant investment. It is understood that the Fund in the form of a limited partnership, by the Nanchang government and the National Development Bank's wholly-owned subsidiary of the financial company to set up a joint venture, the fund scale of 5 billion yuan, the survival period of 12 years, of which the investment period of 9 years, the recovery period of 3 years, the　　The fund management company is established by Nanchang and the state-run financial company, and is responsible for the fund management. Nanchang, deputy mayor of Zhao Dongliang, said the city government in the past in urban construction, mainly by the state to finance banks, means single, difficult to meet the needs of urban development, financial risk is difficult to avoid. The establishment of Kaiyuan Urban Development Fund broadens the financing channel of Urban Construction Fund, and will increase the investment of urban development and infrastructure construction in Nanchang in the form of earmarked funds.　　Under the impetus of national policy, in the background of energy substitution, the combination of provincial sentiment, the development of Low-carbon economy, and actively promote the transformation of economic development mode, promote the development of the trans-development, green development, harmonious development and overall development to promote Nanchang. Zhang Xuquang, president of the financial company, said that the fund would combine government, enterprise, land, finance and other factors organically, which would greatly enhance Nanchang's market-oriented financing channels and financial innovation ability. As a project capital investment, the fund can pull 4 times times the fund size of other investment, widely attract the participation of social capital, to achieve the constant amplification of capital, effectively alleviate the Nanchang of economic development funds shortage situation. Finish)