China allocates second batch of ultra-long special treasury bonds for key projects

China's National Development and Reform Commission has released the second batch of major project lists for 2026 under the country's initiative for implementing major national strategies and building security capacity in key areas.

It also allocated 216.8 billion yuan (about 31.8 billion U.S. dollars) of ultra-long special treasury bonds to support 336 key projects, according to the commission's announcement on Sunday.

The projects span key areas including artificial intelligence, urban underground pipeline renovation, transport infrastructure along the Yangtze River Economic Belt, high-standard farmland, and higher education upgrading, the commission said.

Combined with the first batch of 389.7 billion yuan previously allocated, the total funding for supporting projects for implementing major national strategies and building security capacity in key areas has reached 606.5 billion yuan, accounting for 76 percent of the full-year earmarked amount of 800 billion yuan.

An official from the commission said that further efforts will be made to improve investment and financing mechanisms, accelerate the implementation of "soft infrastructure" measures, and strengthen supervision of central investment funds.