The results of the second batch of applications for new policy based financial instrument for 2026 have been reported. This batch includes a project from the Taixing Huangqiao Economic Development Zone in Taixing, Jiangsu province.
The project, initiated by Jiangsu Kehai Huayu Technology, aims to produce 5,000 sets of wind power gearbox accessories and 200 sets of high-end servo punch press accessories annually. The company has been approved for funding of 40 million yuan ($6 million).
A rendering of the project of Jiangsu Kehai Huayu Technology. [Photo/WeChat account: gh_07a864197818]
The new policy based financial instrument applications are important policy tools for China to stabilize investment and expand domestic demand. They play a significant role in leveraging effective investment and alleviating the pressure on project capital funds.
The Kehai Huayu project is a major initiative in Taixing for 2026, expected to generate annual invoice sales of 150 million yuan.