China's NDRC Moves to Boost Financing for 'Six Networks' Infrastructure

China's National Development and Reform Commission (NDRC) convened a high-level coordination meeting to accelerate the construction of major projects across "six networks" of strategic infrastructure. Chaired by NDRC Vice Chairman Yue Xiuhu, the session brought together key ministries, major state policy lenders, commercial banks, and regional authorities. The commission called for establishing dedicated project pipelines, improving information-sharing to align investment with lending, rolling out attractive projects to private investors, and reforming pricing and fee structures to make infrastructure projects commercially viable.

This coordination push brings line ministries together with China's largest policy and commercial financial institutions to unblock bottlenecks in major infrastructure delivery. By formalizing project databases and investment-lending linkages, Beijing aims to enhance the catalytic power of state capital, improve project bankability, and mobilize broader private participation amid economic stabilizing efforts.

China's top economic planning agency is stepping up efforts to coordinate government, banking, and corporate resources to accelerate investment in major strategic infrastructure. On September 2, 2026, the National Development and Reform Commission (NDRC) convened a coordination mechanism meeting on major "six networks" infrastructure projects, according to a statement published by the agency and reported by Xinhua. The session was chaired by Yue Xiuhu, member of the NDRC Party Leadership Group and Vice Chairman of the Commission. The meeting was convened specifically to examine and improve collaboration mechanisms between government bodies, financial institutions, and enterprises, as well as to advance the construction of standardized project databases. Officials emphasized that lead departments and local governments must move quickly to populate "six networks" project repositories, expand information-sharing with financial lenders, and establish efficient "investment-loan linkage" models. Planners also underscored the need to actively compile and publicly promote a pipeline of commercially appealing engineering projects to attract private and diverse market entities. Alongside expanding market access, the NDRC emphasized maximizing the leverage effect of government investment. The agency called for parallel efforts to improve price- and fee-formation mechanisms and roll out supporting policies designed to foster innovative business models. The high-level coordination session drew wide representation across government and finance. Attendees included representatives from the Ministry of Industry and Information Technology, the Ministry of Housing and Urban-Rural Development, the Ministry of Water Resources, the State-owned Assets Supervision and Administration Commission, the National Financial Regulatory Administration, and the National Energy Administration. Major financial institutions present included China Development Bank, the Industrial and Commercial Bank of China, China Merchants Bank, China Life Insurance, and the National Financing Guarantee Fund, alongside regional development and reform officials and enterprise executives.