National Development and Reform Commission: Clarify a number of key sub areas that encourage private capital participation

2023-07-24

Recently, the National Development and Reform Commission issued the "Notice on Further Strengthening the Promotion of Private Investment and Efforts to Mobilize the Enthusiasm of Private Investment" (FGTZ [2023] No. 1004, hereinafter referred to as the "Notice"), proposing 17 work measures from four aspects: clarifying work objectives, focusing on key areas, improving protection mechanisms, and creating a good environment, striving to achieve various work goals for promoting the development of private investment. The notice mainly includes four aspects. One is to clarify work objectives. All localities are required to fully understand the significance of promoting private investment, clarify the work objectives of promoting private investment, earnestly do a good job in promoting private investment, strive to maintain the proportion of national private investment in fixed assets investment at a reasonable level, and promote the implementation of all work. The second is to focus on key areas. Clarify a number of key sub sectors that encourage private capital participation, release relevant policy regulations for sub sectors, comprehensively sort out and publish a list of projects that attract private capital, establish a unified platform for promoting projects to private capital, effectively connect private investment services, guide scientific and reasonable decision-making of private investment, and accelerate the implementation of projects. The third is to improve the guarantee mechanism. Establish a national key private investment project database, and strengthen the financing and factor guarantee of key private investment projects. Share the pre project procedures and financial support information with banks to promote the rational allocation of credit resources for private investment. Encourage private investment projects to issue infrastructure REITs and further expand investment and financing channels for private investment. The fourth is to create a good environment. Optimize the management process of private investment projects and accelerate the preliminary work of the project. Establish channels for reflecting and resolving private investment issues, and better listen to the voices of private enterprises. Establish a scheduling and evaluation mechanism for promoting private investment work, and establish a special project to promote private investment guidance. Vigorously promote the experience and practices of promoting private investment in various regions, and mobilize the enthusiasm of promoting private investment in various regions. Next, the National Development and Reform Commission will actively work with relevant parties to effectively implement the Notice, promote the implementation of relevant measures, and strive to create a good environment to promote high-quality development of private investment. (New News Agency)

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:economic daily

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