China NDRC Opens 36 Projects Worth 61.4B Yuan to Private Capital

The significance lies less in the headline number than in the sector mix: the offered projects sit in infrastructure and energy assets that generate long-lived, contract-backed cash flows, which is the same profile that has drawn tokenization interest in other markets. This affects private industrial capital and infrastructure operators far more than crypto-native firms, since nothing here mentions digital assets or blockchain. The open question is whether these projects are ultimately financed, operated and securitized through conventional channels or become a test case for alternative, possibly tokenized, infrastructure funding structures.