BEIJING: The People's Bank of China (PBOC), the country's central bank, will support two policy banks to raise up to 300 billion yuan (44.87 billion U.S. dollars) via financial bond issuance to fund the country's major projects, a PBOC official said.

Infrastructure investment remains an important measure of stabilizing the macro economy, the official added, reports Xinhua.

The central government will offer interest discounts for a period of two years in accordance with the actual amount of equity investment.

The National Development and Reform Commission will work with local governments and relevant central government departments as well as central enterprises to form a sufficient list of projects.