It was learned from a news conference held by Nanchang municipal government on February 1 that Nanchang City and China Development Bank (CDK) will cooperate to establish China's first low-carbon and urban development fund to promote low-carbon economy, process of new urbanization and construction of the Poyang Lake ecological and economic zone.

The low-carbon and urban development fund amounted to RMB5b, of which RMB2.5b is invested by entities in Nanchang, RMB2.45b is funded by finance company of CNY, and RMB50m is brought along by fund management company. The fund duration is 12 years, including 9-year investment period and 3-year payback period. The fund will be mainly invested in infrastructure construction, public service facilities and ecological environment construction of key areas in Nanchang City.