Proactively planning the construction of “Three Pools” to kick off the development of the 15th Five-Year Plan—Zeshi Think Tank expert Song Yingzhong was invited to Panzhihua City to conduct a special training session on the preparation and submission of project reserves for 2026.

      To accurately grasp the policy requirements for preparing and submitting bond project reserves and to enhance the quality and success rate of bond project reserves for 2026, on October 30, the Office of the Mechanism for Promoting Full-Lifecycle Management of Bond Projects in Panzhihua City specially invited Mr. Song Yingzhong, a think-tank expert from Zhongtou Zeshi (Beijing) International Consulting Co., Ltd., to conduct a special training session at the Municipal Finance Bureau.

Li Zhi, Deputy Director of the Finance Bureau of Panzhihua City, attended and chaired the meeting. Over 110 representatives from relevant municipal agencies, state-owned enterprises under municipal jurisdiction, and heads of finance, development and reform, and industry regulatory departments from various counties (districts) and the National Vanadium-Titanium High-tech Zone participated in the meeting.

  As an expert deeply rooted in the economic field, Mr. Song Yingzhong delivered a presentation titled “Fiscal Funding Applications under the Latest Macroeconomic Conditions.” Drawing on macroeconomic data from the first three quarters of 2025, as well as the current structure of fiscal revenues and expenditures and debt management practices, he systematically interpreted the key priorities outlined in the 15th Five-Year Plan for areas such as infrastructure development, social welfare, and industrial upgrading. He also elaborated on the specific requirements set forth by the Fourth Plenary Session of the 20th Central Committee regarding “improving the modern fiscal and financial system and optimizing resource allocation efficiency.” In particular, he provided an in-depth analysis of the latest investment directions, application criteria, and review highlights for three major categories of fiscal funds: central budget investments, special bonds issued by local governments, and ultra-long-term special government bonds. Using real-world case studies—such as urban underground pipeline network upgrades and the integration of cultural and tourism resources in old city districts—he vividly illustrated practical implementation strategies, offering attendees actionable project planning ideas that can be readily put into practice.

  Drawing on his profound practical experience in project management, Mr. Song Yingzhong suggested that project planning should be grounded in “height, breadth, and depth,” systematically arranged throughout the entire project lifecycle, and place great emphasis on feasibility studies focusing on “three major objectives and seven dimensions.” He also stressed the need to strengthen project compliance, profitability, and sustainability. Furthermore, in light of the spirit of the Fourth Plenary Session of the 20th Central Committee and the CPC Central Committee’s “Proposal on Formulating the 15th Five-Year Plan for National Economic and Social Development,” he proposed that regional economic development should proactively establish “project pools,” “funding pools,” and “asset pools,” leveraging the synergistic interaction among these three pools to provide solid support for project planning and integrated financial management. Participants generally agreed that this training comes at a critical juncture—just as the “Proposal” has been released and major strategic initiatives are being deepened—and that the training’s content is both comprehensive and highly instructive. It provides timely guidance for Panzhihua City to seize the policy opportunities presented by the 15th Five-Year Plan and promote high-quality economic development, while also laying a robust foundation for project preparation and funding applications in 2026.