Economy

A series of measures to promote the development of private investment will be introduced

2025-09-15   

Recently, policy signals to further promote the development of private investment have been continuously released. Experts say that private investment plays an important role in stabilizing employment and the economy, and it is necessary to further expand the space for private investment and support private enterprises to better participate in major project construction; At the same time, we will focus on the concerns of private enterprises, strictly implement relevant regulations in the field of bidding and tendering, and create a fair competition market environment. Since the beginning of this year, various regions and departments have actively promoted projects to private capital to guide private enterprises towards "new" development. According to data from the National Investment Project Online Approval and Supervision Platform, as of September 14th, 12126 projects with a total investment of 10.26 trillion yuan are being recommended to private capital nationwide. In June, the National Development and Reform Commission organized a concentrated promotion of more than 3200 new projects to private capital, involving a total investment of over 3 trillion yuan. The project promotion injects strong investment momentum into private capital. To further expand the investment space of private enterprises, a series of targeted support measures are being planned and introduced. Li Chao, spokesperson for the National Development and Reform Commission, recently revealed that they will urgently study and introduce policies and measures to promote the development of private investment, improve the long-term mechanism for private enterprises to participate in major national project construction, set minimum requirements for the proportion of private investment participation in major projects such as railways, nuclear power, oil and gas pipelines, and support more eligible private investment projects to issue infrastructure REITs. It is worth noting that while focusing on expanding the investment space of private enterprises in traditional key areas, policies are strengthening the guidance for private enterprises to layout in innovative fields and cultivate new growth points for private investment. The State Council executive meeting held on September 12th proposed to support private capital to increase investment in areas such as new quality productivity, emerging service industries, and new infrastructure. Regarding the guidance of private enterprises to develop towards a new direction, Zhang Kailin, Deputy Director of the High tech Department of the National Development and Reform Commission, recently stated that they will unite the efforts of state-owned and private enterprises, vigorously support private enterprises to leverage their flexible mechanisms and strong innovation capabilities, and run out more technological innovation "dark horses" that dare to climb new heights. The reform of bidding and tendering is steadily advancing to stimulate the vitality of private investment. Industry insiders suggest strictly implementing relevant regulations in the field of bidding and tendering, ensuring the reserved share of government procurement for small and medium-sized enterprises, and increasing support for private investment projects such as central budget investment. In the view of Professor Bai Yanfeng from the School of Finance and Taxation at the Central University of Finance and Economics, strictly implementing relevant regulations in the field of bidding and tendering will help provide a broad stage for fair competition for private investment; Ensuring the reserved share of government procurement for small and medium-sized enterprises will provide real financial support for private investment; Increasing support for private investment within the central budget can effectively leverage larger scale private investment through various forms such as fiscal subsidies. In the field of bidding, since last year, relevant departments have accelerated the reform of the bidding system and mechanism. According to data from the National Development and Reform Commission, over the past year, the bidding reform has been steadily advancing, and private enterprises have become more active in participating in bidding. From January to July this year, 366000 private enterprises won bids in the field of engineering construction, a year-on-year increase of 11.9%; Private enterprises account for 76% of the winning projects. In order to further promote the standardized and healthy development of the bidding market, Li Chao stated that he will work with relevant parties to accelerate the revision of the Bidding Law, improve the implementation of the main responsibility of the tenderer, the management of bidding agencies and other institutional mechanisms, promote the nationwide unified remote evaluation and expert database sharing technical standards, orderly expand the application scenarios of artificial intelligence technology in the bidding field, strengthen the innovation of regulatory mechanisms, and increase efforts to address prominent issues. Breaking down various hidden barriers and creating a fair competitive market environment is the core guarantee for stimulating the vitality of private investment and promoting high-quality development of the private economy. Experts believe that in order for private enterprises to truly dare to invest, have returns, and develop, it is necessary to accurately connect with their demands, solve problems such as market access, rights protection, and policy implementation, create a fair competitive market environment, break down various hidden barriers that restrict private investment, strengthen innovation and financing support, and provide institutional guarantees to safeguard private enterprises' participation in market competition. To ensure equal legal access for all types of business entities, multiple policies have been implemented since the beginning of this year: the negative list for market access has been further reduced, enhancing the confidence of private enterprises to participate in market competition; The implementation measures of the Fair Competition Review Regulations have effectively improved the level of fair competition governance. In terms of strengthening the protection of the rights and interests of private enterprises and dispelling investment concerns, Bai Yanfeng stated that it is necessary to enhance the spirit of the rule of law contract in the cooperation between the government and social capital. While determining the investment performance of relevant projects, it is necessary to timely repay the arrears of private investment, improve the exit mechanism of private investment, ensure that private investment obtains reasonable returns, dispel the worries that restrict private investment, and enable private investment to continuously expand reinvestment, further smoothing the national economic cycle. Focusing on the concerns of private enterprises, Lian Ping, Chairman of the China Chief Economist Forum, suggested strengthening the construction of a normalized communication mechanism between government and enterprises; At the same time, a sound policy implementation supervision mechanism should be established, covering various aspects such as policy formulation, implementation, and evaluation, such as clarifying the recognition standards for restricting private enterprises from participating in bidding and setting unreasonable qualification thresholds. In terms of providing financial support and expanding investment channels for private enterprises, policies have also released positive signals. The National Development and Reform Commission recently stated that it will accelerate the establishment and deployment of new policy based financial instruments. Based on recent conference information from multiple regions, new policy based financial instruments include both traditional infrastructure construction and emerging fields such as digital economy and artificial intelligence. Experts believe that this indicates that investment in emerging industries is expected to receive new policy support. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:China Securities Journal

Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com

Recommended Reading Change it

Links