Hit send too soon:
The red hose is where the bucket drain hose used to be. You can see the injection pump to the left and the oil level dip stick to the right. If you look behind the hose clamp on the red hose, you can see the black handle attached to the valve with a cotter key. The valve itself was made of brass and had a short nipple sticking out that the hose was stuck onto.
This was a 2006 built Jinma 284. Everything was painted black on the engine. I may have the old valve and can easily take pictures of it or the engine if you need to see more.
What year is your engine? It may not be the same.