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Where does the government work report for 2020 focus on infrastructure investment

May 13, 2020

Host Chen wei: at present, the local two sessions are being held intensively, setting the tone for 2020 local development plans. In the report on the work of local governments, it has become the common development direction of most regions to implement major projects and focus on people's livelihood and consumption. Today, our newspaper focuses on the new infrastructure, tax cuts and fees, property regulation and other local hot topics of the NPC and CPPCC, relevant interviews and interpretation.

Beginning in January, the local two sessions held intensive, more new words, liang ci frequency local two sessions scene. Reporters found that local governments made remarkable achievements in 2019. Different from previous years, the report on the work of the government in many localities in 2020 is more biased towards infrastructure investment. New infrastructure & throughout; Field.

On January 13, the Ministry of Finance expert database experts, 360 financial PPP tounokawa research center director told reporters that at present, our country is in economic from rapid growth to high quality development stage, the local government to consumption upgrading industries balanced development, comprehensive and effective investment has become an inevitable path, thus supporting industries and infrastructure are facing to the high standards of service mode transformation of the overall appeal. So, & other; New infrastructure & throughout; It becomes a key factor in the transformation of services and even economic drivers.

On the whole, New infrastructure & throughout; It will focus on areas that promote efficient flow of information and resources, such as 5G, Internet, big data and logistics. And project areas where sensor devices, data centers, and information security systems are used to help traditional infrastructure upgrade iteratively.

Orient jincheng chief macro analyst wang qing said in an interview with reporters, the traditional infrastructure construction with the. Iron and base & throughout; As representative, mainly including road traffic, traditional energy and other projects. & other; New infrastructure & throughout; It focuses on the direction of information digitalization and new energy, mainly including 5G, artificial intelligence, industrial Internet, Internet of things, uhv, charging pile, cold chain logistics and other projects.

& ensp; & other; New infrastructure & throughout; Become investment hotspot in 2020

According to the work report of hubei provincial government, hubei will continue to make efforts in 2020, focusing on four national-level industrial bases and ten key industries, aiming at subdivisions, and gathering more second headquarters and unicorns. We will accelerate the construction of major projects such as the second phase of the national memory base and the second phase of tianma G6. We will accelerate the large-scale transformation of IPV6 and the commercial application of 5G.

And henan province government work report also focus on. New infrastructure & throughout; Development, pointing out that in 2019, henan province will start to apply 5G network in ultra-hd video, smart medical and other fields. The added value of strategic emerging industries and high-tech manufacturing increased. In 2020, henan will focus on nine areas, including infrastructure, people's livelihood and the ecological environment, and carry out around 8,000 major projects with an investment of 2 trillion yuan. 5G will be fully covered in urban areas above the county seat, and large-scale commercial use of 5G will be launched in the whole province.

The Beijing government work report pointed out that the implementation of innovation-driven development strategy, efforts to build a global impact of science and technology innovation center. We will focus on serving major national scientific and technological tasks, advance basic research, applied basic research, and international research on cutting-edge technologies in the fields of quantum, optoelectronics, and medical and health care, and implement regulations on promoting the transformation of scientific and technological achievements. At the same time, greater efforts will be made to promote the development of high-end industries, and the implementation plan for Beijing to build a modern economic system will be introduced. We will implement the plan to upgrade the digitalized, intelligent and green manufacturing sector. Focus on the development of integrated circuit industry.

Wang qing said that the current situation is generally attached importance to. New infrastructure & throughout; There are two main reasons for investment. First, the marginal return on investment has declined after years of development of traditional infrastructure. With the exception of some strategic and network-type projects, the scope for a significant increase in investment in the short term is limited. Second, & other; New infrastructure & throughout; It represents the direction of economic transformation and upgrading. There is huge market potential and some demand is being unleashed.

Xu guangrui, vice President of China's new future science research institute, told the securities daily in an interview that local people's political consultative conference concerns. New infrastructure & throughout; There are three main reasons. First, in 2020 and in the years to come, investment, especially effective and high-quality investment, will continue to play a key role in economic development. Second, the new type of infrastructure plays a more prominent role in promoting economic growth, especially the growth of digital economy, smart economy and new-generation information technology, which are important support for high-quality economic development. Third, both traditional and new types of infrastructure have relatively strong controllability and quick results. At the same time, they can drive the demand for relevant fields and technologies, and play a positive role in stabilizing employment and expectations, with significant external effects.

capital market pair; New infrastructure & throughout; Support role further highlighted

It can be said that compared with traditional infrastructure projects. New infrastructure & throughout; They are often at the forefront of global technology, driven by innovation.

Xu guangrui says there are three main differences between the new infrastructure and the traditional infrastructure. First, the foundation is different. The new infrastructure pays more attention to the application of science and technology, driving the production and application of smart equipment. Second, different functions. The new infrastructure is not only a new form of business and technology, but also can stimulate more new demands through data collection, calculation, simulation and feedback. Third, the model is different. The new type of infrastructure can attract more private capital to participate in the investment and operation through richer financial means, so as to optimize and change the traditional pattern of infrastructure mainly based on government investment.

Tang chuan said, the local two sessions concern “ New infrastructure & throughout; , is good for unicorn enterprises that master high and new technology. & other; New infrastructure & throughout; Development without financial support, from the management point of view, targeting “ New infrastructure & throughout; In the use of special debt, ABS, REITs and other tools to provide policy tilt is a better way to promote. At the same time, Banks and other financial institutions to participate in the. New infrastructure & throughout; The new and high technology enterprises provide more comprehensive funding support will also be conducive to the efficient implementation of the project. In addition, good use of PPP mode, combined with preferential policies, comprehensive introduction of small and medium-sized private enterprises with technical capabilities, foreign enterprises to participate in the new infrastructure, can also make the ldquo; New infrastructure & throughout; The project is getting better.

Wang qing said that innovation itself has a strong uncertainty, high risk, bank loans and other indirect financing methods match relatively weak, while the capital market equity, debt and other diversified direct financing methods. New infrastructure & throughout; Is expected to play a more prominent supporting role. Specifically, it can focus on supporting eligible ldquo; New infrastructure & throughout; Relevant enterprises shall be listed on the board of science and innovation, the growth enterprise market, the new third board and regional equity exchange markets, and shall be supported to issue bonds of different types and varieties on the capital market; In addition, by promoting the development of multi-level capital market, some New infrastructure & throughout; The project can also raise funds through private placement industry fund, local government industry guidance fund and other means, which helps optimize the allocation efficiency of financial resources in the direction of economic transformation and upgrading.

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