Core Viewpoint - The newly implemented measures aim to promote private investment in China by expanding access, addressing bottlenecks, and strengthening support in key sectors, particularly in infrastructure and energy [1][3][30]. Group 1: Key Areas of Investment - The measures encourage private capital participation in state-led sectors such as railways, nuclear power, hydropower, and oil and gas pipelines, allowing private ownership stakes of over 10% in qualifying projects [3][30]. - The government plans to enhance policies for private capital in the energy sector, focusing on long-term mechanisms for private enterprises to engage in major projects like nuclear and hydropower [6][30]. - There is an extension of investment opportunities into high-tech research and innovation sectors, as well as services, with a focus on industrial design and quality certification [9][30]. Group 2: Infrastructure REITs and Financing - The National Development and Reform Commission (NDRC) supports the issuance of infrastructure REITs for private investment projects, with 18 projects recommended to the China Securities Regulatory Commission, and 14 of these having raised nearly 30 billion yuan [11][30]. - The NDRC aims to facilitate more private investment projects in infrastructure REITs to enhance financing channels and promote a positive investment cycle [12][30]. Group 3: Manufacturing and Pilot Platforms - The government has announced plans to accelerate the establishment of high-level pilot platforms in manufacturing, targeting key industries and addressing critical issues in platform construction [13][16]. - By 2027, a modernized network of pilot platforms is expected to be established, with over 2,400 platforms already in place, serving nearly 10,000 enterprises [16][30]. - The measures encourage private enterprises to build significant pilot platforms with strong industry influence, promoting collaboration with state-owned enterprises and research institutions [21][30]. Group 4: Policy Precision and Support - The new measures clarify previous ambiguous policies, specifying that private capital can exceed 10% ownership in certain projects, thus enhancing the clarity and precision of investment opportunities [29][30]. - The NDRC will utilize various funding channels and financial services to enhance the effectiveness of policies promoting private investment, including government procurement support for small and medium enterprises [34][30].
解读·直指制度破冰 开放领域延展到“高精尖” | 一文读懂促进民间投资发展↓
Yang Shi Wang·2025-11-12 02:42