October twenty eighth，The NDRC issued opinions on further improving the policy environment and increasing efforts to support the development of private investment.，It is proposed therein，Supporting private investment projects to participate in real estate investment trust funds in the field of infrastructure(REITs)Pilot。In the distribution infrastructureREITsTime，Treat all kinds of ownership enterprises equally，Accelerate the introduction of specific private investment projects，Form a demonstration effect，Enhance the confidence of private enterprises to participate。Actively do a good job in policy interpretation and propaganda and guidance，Enhance the participation of private enterprises in infrastructureREITsThe enthusiasm of the pilot，Take out high-quality projects to participate in pilot projects，Reduce the asset-liability ratio of enterprises，Realize asset-light operation，Enhance reinvestment capacity。
The original text is as follows：
National Development and Reform Commission on Further Improving the Policy Environment
Suggestions on increasing efforts to support the development of private investment
Provinces、Autonomous regions、People's governments of municipalities directly under the Central Government，Xinjiang Production and Construction Corps，Ministries and commissions of the State Council、Directly affiliated institutions，All-China Federation of Industry and Commerce，China National Railway Corporation Limited：
To build a socialist modern country in an all-round way, we must firmly promote high-quality development.，Must be complete、Accurate、Fully implement the new development concept，Adhere to the direction of socialist market economy reform。The Party Central Committee、The State Council made a clear request，Focus on doing well“Six stable”、“Six guarantees”Job，Focusing on Starting can Make up for Shortcomings and Adjust the Structure、It is also a multi-purpose project that can expand employment with consumption.，Promote the rational growth of effective investment, especially private investment.。Private investment accounts for more than half of the total social investment.，Stick to it“Two unshakable”，Increase policy support，Use the market method、Reform measures to stimulate the vitality of private investment，It is conducive to mobilizing the enthusiasm of all parties for investment.、Stabilize market expectations、Increase employment、Promoting high-quality economic development，Help realize Chinese-style modernization。To implement the spirit of the 20th National Congress of the CPC，Further improve the policy environment、We will intensify efforts to support the development of private investment.，With the approval of the State Council，The following comments are made。
One、Give full play to the role of major projects and government investment.
(One)Support private investment in 102 major projects and other projects.。According to“Fourteen five”Planning 102 major projects、Major national strategies and other clear key construction tasks，Choose to have a certain level of income、Projects with relatively mature conditions，Attract private capital participation in various ways。Identified traffic、Water conservancy and other projects should be accelerated.，Treat private investment equally in bidding。Support private enterprises to participate in railways、expressway、Port terminal and relevant stations and yards、Construction of service facilities。Encouraging private investment to focus on urban infrastructure，Participate in the construction of key projects through comprehensive development mode，Increase digitization、Networking、Intelligent level。Encourage private enterprises to increase solar power generation、Wind power、Biomass power generation、Investment in energy saving and carbon reduction areas such as energy storage。Key projects with non-governmental investment are encouraged to expand employment capacity by means of work-relief.。(National Development and Reform Commission、Ministry of Housing and Urban-Rural Development、Ministry of Transport、Ministry of Water Resources、National Energy Administration and other relevant departments of the State Council，China National Railway Group Co., Ltd. and all regions are responsible for the division of responsibilities.)
(Two)Give full play to the leading role of government investment。Comprehensively sort out the investment support policies applicable to private investment projects，Increase publicity and promotion efforts。When arranging all kinds of government investment funds，Treat private enterprises equally，Active use of investment subsidies、Loan discount and other ways，Supporting the construction of qualified private investment projects。Make good use of the government-funded industry guidance fund，Increase support for private investment projects。Promoting cooperation between government and social capital(PPP)Model and normative development、Sunlight runs，Guiding private investment to actively participate in infrastructure construction。Fully implement the letter of guarantee in the field of government investment bidding(Insurance)Bid in lieu of cash payment、Performance、Deposit for project quality, etc.，Tenderers are encouraged to exempt private enterprise bidders from bidding guarantees.。(National Development and Reform Commission、The Ministry of Finance takes the lead，The relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Three)Supporting private investment in the construction of scientific and technological innovation projects。Encourage private capital to actively participate in the national industrial innovation center、National Technology Innovation Center、National Energy R & D Innovation Platform、National Engineering Research Center、Construction of innovation platforms such as national enterprise technology center，Supporting private enterprises to undertake major national science and technology strategic tasks。Encourage central enterprises、Leading enterprises in the industry strengthen new products for private enterprises、Application of new technology，Guiding private enterprises to participate in supply chain construction of major projects。In the bidding of projects related to stabilizing the industrial chain and supply chain，Give preference to the consortium of large and medium-sized enterprises，Encourage the participation of private enterprises。Support the healthy and sustainable development of platform economic norms，Encourage platform enterprises to speed up artificial intelligence、Cloud computing、Blockchain、Operating System、Construction of key projects in processor and other fields。(National Development and Reform Commission、Ministry of Science and Technology、Ministry of Industry and Information Technology、SASAC of the State Council、The National Energy Administration and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
Two、Accelerating the implementation of private investment projects
(Four)Deepening“Release the control clothes”Reform。Strengthen the supervision of the whole chain and the whole field before, during and after the event，Comprehensively carry out market access effectiveness evaluation，Optimize and improve the negative list of market access，Improve the supervision and supervision mechanism of key cases，Continue to break down barriers to market access，Create a fair market access environment。Continuously standardize and improve China's business environment evaluation mechanism oriented by market participants and public satisfaction，Continuously optimize the market-oriented, legalized and internationalized business environment。Support regions to focus on manufacturing、Key areas of private investment such as scientific and technological innovation and service industry，To study and introduce specific support measures.，Establish a normal communication mechanism with private investment projects in line with the direction of policy encouragement.，Follow up closely、Active service，Coordinate and solve key problems，Create a policy environment conducive to the development of private investment。Give full play to the role of online approval and supervision platform for national investment projects，Realize online declaration of projects、Parallel approval、Information disclosure、Coordinated supervision，Continuously improve the efficiency and service quality of private investment projects。(National Development and Reform Commission、Ministry of Science and Technology、The Ministry of Industry and Information Technology and other relevant departments of the State Council and regions are responsible for the division of responsibilities.)
(Five)Speed up the preliminary work of private investment projects。Speed up the approval and filing of private investment projects、Planning and site selection、Use of land and sea、Environmental Impact Assessment、Construction permit and other preliminary work formalities，Implement various construction conditions。Meet the requirements of laws, regulations and policies，Promoting economic and social development、Promote industrial transformation、It has a strong driving role in accelerating technological progress.、Private investment projects with large investment scale，Actively incorporated into the database of key investment projects in various regions，Strengthen land use(Use the sea)、Use energy、Use water、Guarantee of capital and other factors，Promote the implementation of the project。(National Development and Reform Commission、Department of Natural Resources、Ministry of Ecology and Environment、Ministry of Housing and Urban-Rural Development、China Banking and Insurance Regulatory Commission、The National Energy Administration and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Six)Perfect and perfect the mechanism of keeping promises and fulfilling promises of the government。In the process of encouraging and attracting private investment projects to land，We should earnestly strengthen the construction of government integrity.，Avoid over-commitment，No“A bad check”。Local governments at all levels should strictly implement the policy commitments made in accordance with the law and regulations.，The problem of arrears of accounts of small and medium-sized enterprises should be resolved as required.。Increase the punishment for dishonesty，Incorporate the information of dishonesty such as government arrears and refusal to perform judicial decisions into the national credit information sharing platform and make it public to the society.。(National Development and Reform Commission、Ministry of Industry and Information Technology、The Ministry of Finance and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
Three、Guiding the high-quality development of private investment
(Seven)Support the transformation and upgrading of private investment in manufacturing industry。Encouraging private enterprises to base themselves on China's industrial scale advantages、Supporting advantages and first-mover advantages in some areas，Actively increase investment in advanced manufacturing industry，Continuously enhance core competitiveness。Encourage private enterprises to apply advanced and applicable technologies，Speed up equipment update and upgrade，Promoting the high-end of traditional industries、Intelligent、Green transformation and upgrading，Consolidate the leading position of dominant industries。Guiding private manufacturing enterprises to adapt to market changes and high-quality development requirements，Give full play to their own advantages，Actively develop new technologies、Launch a new product，Building new growth engines。(National Development and Reform Commission、Ministry of Science and Technology、The Ministry of Industry and Information Technology and other relevant departments of the State Council and regions are responsible for the division of responsibilities.)
(Eight)Encourage private investment to rely more on innovation-driven development。Guiding private capital to be market-oriented，Give full play to oneself in grasping the direction of innovation、It plays a positive role in gathering talents.，Continue to increase R & D investment，Promoting the in-depth development of innovation and entrepreneurship。Support the establishment of industrial technology research institutes with mixed ownership in areas where conditions permit.，Development of key common technologies in the service area。Create a favorable environment for the growth of small and medium-sized enterprises of science and technology.，Encouraging private capital participation 5GApplication、Data Center、Industrial Internet、Investment, construction and operation of new infrastructure and related fields such as industrial software，Developing Digital Economy with Data Resources as the Key Element，Actively cultivate new formats、New model。(National Development and Reform Commission、The Ministry of Industry and Information Technology and other relevant departments of the State Council and regions are responsible for the division of responsibilities.)
(Nine)Guiding private investment to actively participate in Rural Revitalization。On the premise of fully protecting the rights and interests of farmers，Encourage and standardize private capital to develop seedling breeding in rural areas、High-standard facility agriculture、Large-scale breeding and other modern breeding industries，Participate in the construction of high-standard farmland;Supporting private enterprises to invest in new industries and new formats in rural areas，Promotion of Agriculture, Culture and Sports、Integration of health care and other forms of business，Develop leisure agriculture and rural tourism industry according to local conditions，Cultivate and strengthen characteristic industries。Encourage private capital to participate in the construction of cultural industry enabling rural revitalization，Supporting advantageous and characteristic industrial clusters、Modern Agricultural Industrial Park、Strong town of agricultural industry and other projects，And the construction of the national demonstration park for the integration of rural industries.，Stimulate the vitality of rural industry development。(National Development and Reform Commission、Ministry of Civil Affairs、Ministry of Agriculture and Rural Affairs、The Ministry of Culture and Tourism and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Ten)Explore the environment for investment projects、Society and governance(ESG)Evaluation。Improve the investment system to support green development，Make full use of international experience，Combined with domestic capital market、Specific practices in green finance and other aspects，Research and carry out investment projectsESGEvaluation，Guiding private investment to pay more attention to environmental impact optimization、Social responsibility、The governance mechanism is perfect。ESGEvaluation work should be forward-looking and instructive.，Help private enterprises to better predict、Prevent and control the possible environment of investment projects、Society、Governance risk，Standardize investment behavior，Improve the quality of investment。(Led by the National Development and Reform Commission，The relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
Four、Encourage private investment to revitalize stock assets in various ways
(Eleven)Supporting private investment projects to participate in real estate investment trust funds in the field of infrastructure(REITs)Pilot。In the distribution infrastructureREITsTime，Treat all kinds of ownership enterprises equally，Accelerate the introduction of specific private investment projects，Form a demonstration effect，Enhance the confidence of private enterprises to participate。Actively do a good job in policy interpretation and propaganda and guidance，Enhance the participation of private enterprises in infrastructureREITsThe enthusiasm of the pilot，Take out high-quality projects to participate in pilot projects，Reduce the asset-liability ratio of enterprises，Realize asset-light operation，Enhance reinvestment capacity。(Securities and Futures Commission、Led by the National Development and Reform Commission，The relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Twelve)Guiding private investment to actively participate in revitalizing state-owned stock assets。Encourage private capital to cooperate through government and social capital(PPP)And other ways to participate in the revitalization of state-owned stock assets.。By carrying out the reform of mixed ownership、Introducing strategic investors and professional operation managers, etc.，Attracting private capital to participate in infrastructure projects、Operate。Old factory buildings that have been idle for a long time but have potential development and utilization value、Assets such as cultural and sports venues and idle land，Asset upgrading and transformation and positioning transformation can be adopted.，Fully tap the value of assets，Attract private investment participation。(National Development and Reform Commission、Ministry of Finance、Department of Natural Resources、Ministry of Culture and Tourism、The SASAC of the State Council and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Thirteen)Attract private investment through the organic combination of inventory revitalization and reconstruction and expansion。Encourage private investment to participate in revitalizing old urban resources，Promote the transformation of old urban residential areas according to local conditions，Support precise positioning、Improve quality、Perfect use，Enriching the function of stock assets、Improve the efficiency of assets。Promote the sinking of sewage treatment plants according to local conditions、Property above MTR station、Overground and underground space of traffic hub、Comprehensive development of land for highway passenger stations and urban public transport stations, etc.，Broaden the source of income，Improve the comprehensive utilization value of assets，Enhance the attractiveness of private investment。(National Development and Reform Commission、Department of Natural Resources、Ministry of Housing and Urban-Rural Development、The Ministry of Transport and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Fourteen)Encourage private enterprises to revitalize their own stock assets。Private enterprises are encouraged to trade property rights.、Mergers and acquisitions、Acquisition and disposal of non-performing assets and other ways to revitalize their own assets，Strengthen the optimization and integration of stock assets。Guiding private enterprises to revitalize stock assets and recover funds，It is used for new major national strategies.、Project construction in line with the direction of policy encouragement，Form a virtuous circle of investment。(National Development and Reform Commission、The People's Bank、The Banking and Insurance Regulatory Commission and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
Five、Strengthen private investment and financing support
(Fifteen)Increase policy support for private investment project financing。Strengthening the sharing and application of credit information related to enterprises，Guiding financial institutions to accurately portray the credit of private enterprises，Judging enterprise risks objectively and reasonably。Establish and improve the docking mechanism of social capital investment and financing cooperation，Through the project docking meeting and other ways，Build a platform conducive to the communication between private investment projects and financial institutions。Give play to the role of government financing guarantee institutions，According to the principle of marketization, transportation that meets the requirements、Catering、Accommodation、Provide financing guarantee support for private investment projects in the tourism industry，Expanding the scale of financing guarantee business of private enterprises。(National Development and Reform Commission、Ministry of Finance、Ministry of Culture and Tourism、The People's Bank、The Banking and Insurance Regulatory Commission and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Sixteen)Guiding financial institutions to actively support private investment projects。Promote financial institutions to actively adopt loan renewal according to the principle of marketization.、Loan extension、Support private investment projects by adjusting repayment arrangements, etc.，Avoid loan withdrawal、Loan cut-off affects the normal construction of the project。Improve the bond financing support mechanism for private enterprises，We will increase support for private enterprises in issuing bonds and financing.。Guiding financial institutions to innovate financial products and services，Reduce the interest rate of loans to private enterprises and the expenses related to financing.，Increase support for eligible private investment projects。To urge financial institutions to exempt private enterprises from bond financing transaction costs.。(National Development and Reform Commission、The People's Bank、China Banking and Insurance Regulatory Commission、The Securities Regulatory Commission and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Seventeen)Supporting private enterprises to innovate financing methods。State-owned enterprises are encouraged to invest in shares.、Joint investment、Mergers and acquisitions, reorganization, etc.，Equity integration with private enterprises、Strategic cooperation、Resource integration，Invest in projects in new key areas。Support private capital to develop venture capital，Increase support for innovative small and medium-sized enterprises。Support qualified high-tech and“Specialization and innovation”Enterprises carry out foreign debt facilitation quota pilot。(National Development and Reform Commission、Ministry of Industry and Information Technology、SASAC of the State Council、The State Administration of Foreign Exchange and other relevant departments of the State Council and regions shall be responsible for the division of responsibilities.)
Six、Promoting the healthy development of private investment
(Eighteen)In-depth implementation of cost reduction policies。Implement the Party Central Committee in detail、Decisions and arrangements of the State Council on cost reduction，Smooth policy landing“The last mile”，Continue to promote a reasonable reduction in the tax burden of enterprises，Encouraging financial institutions to make reasonable concessions，Promoting the reduction of energy consumption in enterprises、Land use、Housing rent and other costs。Timely study and solve outstanding problems，Effectively reduce the production and operation costs of private enterprises，Promote the full enjoyment of policy dividends。(National Development and Reform Commission、Ministry of Finance、Department of Natural Resources、Ministry of Housing and Urban-Rural Development、The People's Bank、The Banking and Insurance Regulatory Commission and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Nineteen)Guiding private investment to make scientific and rational decisions。Guiding private enterprises to correctly view the economic situation at home and abroad，Accurately understand the national policy intent，Objective understanding of difficulties and challenges，Explore new investment opportunities，Identify the future direction of development。Guiding private enterprises to strengthen investment project management，Grasp the theory and method of investment decision-making，Improve the scientificity and accuracy of investment decisions，Improve investment efficiency，Insist on production and operation in accordance with laws and regulations，Achieve healthy and sustainable development。(National Development and Reform Commission and other relevant departments of the State Council，The All-China Federation of Industry and Commerce and all regions are responsible for the division of responsibilities.)
(Twenty)Support private enterprises to strengthen risk prevention。Encourage private enterprises to focus on industry、Do the main business、Enhance core competitiveness，Avoid one-sided pursuit of hot spots、Blind expansion of investment、Increase operational risk。Guiding private enterprises to do what they can，Consciously strengthen credit management，Reasonably control the scale and proportion of debt financing，Avoid highly leveraged investments that are beyond your ability，Prevent major risks such as capital chain rupture。(National Development and Reform Commission、Ministry of Industry and Information Technology、The People's Bank、The Banking and Insurance Regulatory Commission and other relevant departments of the State Council and various regions are responsible for the division of responsibilities.)
(Twenty-one)Further optimize the social environment for private investment。Implementing various policies and measures to encourage the development of private economy，Promote the development and growth of private economy。Protect the property rights of private enterprises and the rights and interests of entrepreneurs according to law，Set up on the premise of preventing disorderly expansion of capital“Traffic lights”，Launch a batch“Green light”Investment case，Regulate and guide the healthy development of capital。Do a good job in evaluating the consistency between the proposed policy and the macro-policy orientation.，Prevent the introduction of policies and measures that affect the enthusiasm of private investment。Strengthen propaganda and guidance，Timely response to market concerns，Stabilize market expectations，Enhance confidence in private investment，Promoting the high-quality development of private investment。(National Development and Reform Commission and other relevant departments of the State Council，The All-China Federation of Industry and Commerce and all regions are responsible for the division of responsibilities.)
National Development and Reform Commission
October 28, 2022
This article is edited from the official website of the National Development and Reform Commission.
