Ministry of Finance: Support for Advancing 'Two Major' Construction and 'Two New' Initiatives, Refining Implementation Mechanisms

36Kr reports that the Ministry of Finance has released its report on the execution of China's fiscal policy in the first half of 2026. The report highlights support for advancing the 'Two Major' construction and 'Two New' initiatives while refining their implementation mechanisms. It also outlines efforts to optimize fiscal-financial coordination policies to stimulate domestic demand, improve inter-departmental collaboration and central-local linkage mechanisms to encourage resident consumption and leverage private investment. Additionally, it emphasizes the coordinated use of ultra-long-term special sovereign bonds, local government special bonds, and central budgetary investments, focusing on new quality productive forces and new urbanization while directing funds toward projects with strategic significance that enhance total factor productivity, providing strong support for major engineering projects outlined in the 15th Five-Year Plan.