SKN | China’s Three Policy Banks Complete 800 Billion Yuan Financing Allocation to Accelerate Strategic Investment

Key Takeaways:

• China has completed the deployment of 800 billion yuan (approximately US$119 billion) through new financial instruments allocated to its three major policy banks to support strategic investment projects in 2026.
• The China Development Bank allocated 365 billion yuan, the Export-Import Bank of China 120 billion yuan, and the Agricultural Development Bank of China 315 billion yuan.
• Artificial intelligence, the digital economy, green development and private-sector investment received significant financing, with the instruments designed to strengthen project capital and attract additional bank lending and private funding.

China’s three major policy banks have completed the allocation of 800 billion yuan in financial instruments under the country’s 2026 investment agenda, directing capital toward strategic infrastructure and emerging industries. The deployment places the China Development Bank, Export-Import Bank of China and Agricultural Development Bank of China at the center of a government-backed financing initiative intended to address project funding requirements, strengthen investment capacity and encourage greater private-sector participation. The program also highlights the growing role of policy-directed banking in financing China’s technological and economic priorities.

Three Policy Banks Complete Their Allocations

The China Development Bank allocated 365 billion yuan, supporting projects with a combined investment value of approximately 5.5 trillion yuan. Its financing included 179.01 billion yuan directed toward projects involving artificial intelligence, the digital economy, green and low-carbon development, biomedicine and consumption.

The Export-Import Bank of China allocated 120 billion yuan, supporting projects representing more than 1.7 trillion yuan in total investment. The institution financed over 220 projects in emerging sectors, including AI and the digital economy, with lending to these areas accounting for nearly half of its allocation.

Meanwhile, the Agricultural Development Bank of China deployed 315 billion yuan, covering projects with a combined investment value of approximately 4.39 trillion yuan. Its support extended to nearly 2,000 projects involving AI, digital infrastructure, the low-altitude economy, consumption and green development. Financing for green and emerging sectors included nearly 200 billion yuan.

AI and Digital Infrastructure Receive Strategic Financing

A significant portion of the program was directed toward sectors identified as important to China’s economic modernization. The three institutions supported projects involving artificial intelligence, digital infrastructure, advanced industries and low-carbon development.

The allocations demonstrate how China’s policy banks are using their financing capacity to support sectors requiring substantial long-term investment. Beyond technology, the broader program also includes transportation, energy infrastructure, pipeline network modernization and urban revitalization. This combination links industrial development with improvements to the country’s physical infrastructure.

Policy Banks Strengthen Financing for Private Investment

Another important objective is expanding the participation of private capital. The China Development Bank allocated 127.99 billion yuan to projects involving private investment or private capital. The Export-Import Bank supported more than 210 such projects, representing nearly 40% of its total allocation.

The Agricultural Development Bank supported nearly 400 private-investment-related projects with financing exceeding 65 billion yuan. These allocations indicate that the program is not limited to direct support for public infrastructure but is also intended to improve financing conditions for projects involving private-sector participation.

Project Capital Deployment Creates a Broader Financing Mechanism

Introduced in 2025 with an initial allocation of 500 billion yuan, the financial instruments were increased to 800 billion yuan for 2026. Their primary function is to supplement project capital, alleviate funding shortages and improve the financial capacity of major investment initiatives.

By strengthening initial project funding, the instruments are intended to support additional financing through bank loans and private capital. For international investors and institutions monitoring China’s economic development, the scale and distribution of these allocations provide insight into the country’s investment priorities. The next important measure will be how effectively the funded projects progress from initial financing to implementation, generate economic activity and attract the additional private capital targeted by the program.

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