Provincial Investment Company's shanty-reform fund project approval work was fully launched

  After the video and telephone conference on shantytown renovation work of Jiangsu Province, Provincial Investment Company actively cooperated with Bank of Jiangsu to accelerate the implementation of the Bank of Jiangsu Shantytown Reform Fund. According to the "Measures for the Management of Bank of Jiangsu Shantytown (Dangerous Old Houses) in Jiangsu Province" by the General Office of the Provincial Government (Su Zheng Ban Fa [2015] No. 100), the "Code for the Management of Bank of Jiangsu Transformation Fund in Shantytowns (Dangerous and Old Houses) in Jiangsu Province" and the "Code for the Application and Approval of Bank of Jiangsu Transformation Fund in Shantytowns (Dangerous and Old Houses) in Jiangsu Province."
  Under the guidance of relevant departments and units such as the Provincial Department of Housing and Construction, CJI Corporation, Provincial Capital Investment Company, in conjunction with Bank of Jiangsu, launched the preliminary review of the first batch of projects of the Bank of Jiangsu Shed Reform Fund. Projects and materials declared by Huaian, Yancheng, Jurong, Hongze, Lianshui, Funing and other cities and counties have conducted preliminary review and due diligence, and submitted preliminary compliance items to the Fund Decision Committee for approval. The fund decision-making committee will notify the Bank of Jiangsu to organize and implement the funds based on the project needs, and distribute them to the accounts opened by the city and county shed reform platform companies in the Bank of Jiangsu through the provincial capital investment companies. The first batch of Jiangsu Bank's shed reform funds will be released in the near future, and the remaining funds will be provided in batches based on the progress of the project.