Core Viewpoint - The State Council has issued measures to stimulate private investment, addressing key issues such as market access, fair competition, and service optimization, which will significantly impact the development of the private economy [1] Group 1: Market Access and Investment Opportunities - The measures aim to eliminate hidden barriers to private investment, encouraging participation in key sectors like railways and nuclear power, with a minimum private capital stake of over 10% for eligible projects [2] - The initiative opens up opportunities for private capital in urban infrastructure projects, reflecting a strong commitment from the state to support private enterprises in this area [2][3] Group 2: Focus on Investment and Financing - The measures emphasize addressing the core concerns of private investment, particularly in the areas of investment and financing, by enhancing support for eligible projects through central budget investments and new policy financial tools [4] - It includes provisions for improving access to financing for private enterprises, such as implementing inclusive credit policies and supporting the issuance of real estate investment trusts (REITs) [4][5][6] Group 3: Economic Impact and Development - Private capital contributes to half of fixed asset investments and over 80% of urban employment, indicating that stimulating private investment is crucial for economic growth and industrial transformation [7] - The measures are expected to enhance the role of private investment in driving economic growth and supporting structural reforms, thereby promoting sustainable economic development [7]

为进一步激发民间投资活力、促进民间投资发展，国务院办公厅于近日印发《关于进一步促进民间投资发展的若干措施》（以下简称《若干措施》）。 《若干措施》围绕市场准入、公平竞争、优化服务等民间投资关注的主要问题，提出了13条具体务实的举措，对稳就业、稳企业、稳市场、稳预期有着积极意义， 对促进民营经济的发展将产生重要影响。 国家发展和改革委员会经济体制与管理研究所副所长、研究员祁玉清表示，《若干措施》既锚定当前民间投资的痛点堵点精准破题，又深度契合国家战略方向，不 仅为民间资本注入强劲信心，更构筑起民间投资持续健康发展的坚实框架。未来，随着政策红利的逐步释放，将进一步激发民间资本的活力与创造力，可为推动经 济高质量发展提供更为稳固的支撑。 打破准入壁垒，放开民间投资领域 当前我国经济正处在转型升级迈向高质量发展的关键时期，受国际环境复杂多变、国内经济下行压力加大等多重因素影响，近年来民间投资增速有所放缓，部分领 域存在"不敢投""不愿投""不能投"的问题，民间投资作为推动我国经济增长、促进创新、增加就业的主力军，其活力能否被有效激发，直接关系到经济大盘的稳定 与长期发展的动能。 《若干措施》的出台，直面民间资本面临的 ...

GDP年均增速预计达5%，规上制造业和战略性新兴产业增速双双跑赢大盘，经济总量连跨2万亿、2.5 万亿两大台阶，人均GDP突破1万美元；能源革命纵深推进，绿色低碳转型成效显著；生态环境持续改 善，"一泓清水入黄河"成为现实图景；民生福祉不断增进，就业、医疗、教育、"一老一小"保障走在全 国前列；投资消费协同发力，数字经济加速崛起，民营经济撑起"半壁江山"…… 11月10日上午，中共山西省委宣传部、山西省人民政府新闻办公室组织召开了"高质量完成'十四五'规 划"系列主题首场新闻发布会，也是省发展改革委专场发布会。山西晚报·山河＋记者从会场了解到， 在"十四五"的多个关键时期，煤炭市场剧烈波动、房地产持续下行等多重挑战，较好地完成了"十四 五"规划确定的主要目标任务。 1 "一稳两高三突破" 持续深化改革扩大开放 "十四五"期间，我省坚定有序推进转型发展，经济发展的质量效益稳步提高。具体可以用"一稳两高三 突破"来概括："一稳"就是经济总量稳步增长，GDP年均增速预计将达到5%。"两高"就是规上制造业、 战略性新兴产业增加值年均分别增长8.1%、8.7%，高于GDP增速。"三突破"：第一个突破，经济总量 相继跨越 ...

Core Viewpoint - The State Council of China has released measures to further promote private investment, addressing barriers and enhancing participation in key sectors, with a focus on infrastructure and public services [1] Group 1: Key Measures - The new measures include 13 initiatives aimed at stimulating private investment through participation in major projects, breaking down hidden barriers, ensuring operational rights, supporting digital transformation, and providing financing [1] - Private capital is encouraged to participate in projects requiring national approval, particularly in sectors like railways and nuclear power, with a minimum shareholding of 10% for eligible projects [2][3] Group 2: Challenges and Solutions - Despite progress, private capital still faces challenges such as hidden barriers in market access and financing difficulties, which hinder investment enthusiasm [2] - The measures aim to address these issues by ensuring that private enterprises can participate in projects without being limited by their funding capacity [3] Group 3: Unique Features of the Measures - The measures represent a shift from encouragement to mandatory participation, specifying key areas for private investment and requiring feasibility studies for private capital involvement [5][6] - They provide detailed and quantifiable standards for participation, enhancing the operational feasibility of the policies [6] - The approach integrates market access, fair competition, financial support, and digital transformation to create a conducive environment for private capital [6]

Core Points - The State Council has issued measures to stimulate private investment, introducing 13 targeted policies to enhance the participation of private capital in various sectors, including low-altitude economy and commercial aerospace [1][4] - The measures aim to promote high-quality development of private investment by expanding market access, fostering fair competition, and optimizing investment financing support [1][2] Group 1: Expanding Market Access - The measures encourage private capital participation in key sectors such as railways and nuclear power, specifying shareholding requirements for projects requiring national approval [2] - Local governments are encouraged to involve private capital in new urban infrastructure projects with profit potential [2] - The government aims to eliminate unreasonable restrictions on service industry access and enhance public-private partnership mechanisms [2] Group 2: Addressing Bottlenecks - The measures ensure the legal rights of private enterprises in areas like electricity grid access and oil and gas pipeline usage [3] - Support is provided for private enterprises to establish major pilot platforms and for state-owned enterprises and research institutions to offer market-oriented pilot services [3] - The initiative promotes digital transformation for small and medium-sized enterprises through comprehensive digital empowerment platforms [3] Group 3: Strengthening Support - Increased support for eligible private investment projects through central budget investments and new policy financial tools is emphasized [3] - Financial institutions are urged to set annual service goals for private enterprises to meet their reasonable credit needs [3] - The measures include a "green channel" policy for technology companies to facilitate public offerings and mergers [3] Group 4: Overall Impact - The introduction of these measures is expected to significantly enhance private sector participation in infrastructure and public facility construction, as well as in emerging industries and productive services [4] - The 13 measures reflect the government's commitment to deepening reforms and supporting the development of the private economy [4]

11月10日，国务院办公厅对外发布《关于进一步促进民间投资发展的若干措施》（下文简称《若干措施》）。 《若干措施》行文简洁明快，共计出台13条支持措施。"促进民间投资13条"重点围绕扩大市场准入、促进公平竞争、强化资源 支持、优化投融资服务等民企核心关切展开，干货满满。 "促进民间投资13条"进一步拓宽了民间投资空间，支持民间资本加大新质生产力、新兴服务业、新型基础设施等领域投资；要 求严格落实招标投标领域相关制度规定，保障中小企业政府采购预留份额，加大中央预算内投资等对民间投资项目的支持力度 等；还致力于营造公平竞争市场环境，破除限制民间投资的各种隐性壁垒，加强创新支撑和融资支持，完善服务体系，让民营 企业敢投资、有回报。 支持民企入股铁路、核电等 《若干措施》有多条举措涉及扩大市场准入，旨在进一步拓宽民间资本的投资范围，包括支持民企入股铁路、核电等重大项 目，参与城市基础设施领域新建项目，参与低空经济、商业航天、卫星通信等领域，支持民企投向生产性服务业等。 《若干措施》指出，对需报国家审批（核准）的具有一定收益的铁路、核电、水电、跨省跨区直流输电通道、油气管道、进口 液化天然气接收和储运设施、供水等领域项 ...

Core Viewpoint - The private economy is a driving force for advancing Chinese-style modernization, and private enterprises are the most dynamic investment entities in China. The recent measures issued by the State Council aim to address the current challenges facing private investment and promote its high-quality development through 13 innovative and targeted actions [1][9]. Group 1: Policy Operationality - The measures expand the scope of private investment by removing entry barriers and optimizing the investment environment for fair competition. They ensure that support measures are practical and can be effectively implemented [2]. - Private capital is encouraged to participate in traditionally restricted sectors, with no upper limit on shareholding ratios for eligible projects, thus broadening the development space for private investment [2]. Group 2: Policy Continuity - The measures maintain a consistent macro policy framework that reduces uncertainty for private investment. They build on previous policies, such as reserving a portion of government procurement for small and medium-sized enterprises, which has been increased to 40% for projects over 4 million yuan [3]. Group 3: Timeliness and Adaptation - The measures respond to new situations and demands by adjusting policies dynamically. They include revisions to support private enterprises in public-private partnership (PPP) projects, ensuring fair selection of operators [4]. Group 4: Problem Orientation - The measures focus on addressing specific issues in private investment, particularly in investment and financing. They propose increasing central budget investments for eligible private projects and enhancing financial support through various tools [5][6]. Group 5: Reform Pathways - The measures clarify reform directions to lower barriers for private investment in traditional sectors like energy and railways. They prohibit unreasonable market entry conditions for private enterprises, thereby reducing transaction costs and enhancing competitiveness [7]. Group 6: Alignment with National Strategy - The measures align with national strategies to foster new productive forces, supporting private investment in emerging industries and facilitating the integration of the digital economy with traditional industries [8].

Core Viewpoint - The State Council has issued measures to stimulate private investment, highlighting 13 targeted policy initiatives to enhance the role of private capital in China's economic development [1][2]. Group 1: Expansion of Access - Encouragement for private capital participation in key sectors like railways and nuclear power, with specified shareholding requirements [1] - Support for private investment in smaller urban infrastructure projects with profit potential [1] - Promotion of private capital involvement in low-altitude economy and commercial space sectors [1] Group 2: Addressing Bottlenecks - Protection of private enterprises' rights in areas such as electricity grid access and oil and gas pipeline usage [2] - Support for the establishment of major pilot platforms by private enterprises to enhance industry influence [2] - Encouragement for digital empowerment initiatives for small and medium-sized enterprises (SMEs) [2] Group 3: Strengthening Support - Increased financial support for eligible private investment projects through central budget investments and new policy financial tools [3] - Banks are required to set annual service targets for private enterprises to meet their reasonable credit needs [3] - Promotion of real estate investment trusts (REITs) for private investment projects in infrastructure to enhance liquidity [3] Group 4: Quality Development - Emphasis on the need for local governments to provide better services and guidance for private investment [4] - Development of a long-term mechanism combining legal protection, policy incentives, and optimized services for private capital [4] - The measures signal a strong commitment to supporting the growth of the private economy, aiming for high-quality economic development [4]

陕西是国资国企大省，提振民营企业信心、提升民营经济占比是陕西在新形势下应变求变、推进高 质量发展的重要着力点。今年，省发展改革委制定的《促进民营经济发展的七条措施》中明确提出，力 争到今年年底，全省民营经济增加值占GDP比重不低于50%。 省统计局日前发布的前三季度陕西经济数据显示，全省民营经济增加值增至12800多亿元，占全省 生产总值的比重从上半年的49.8%提升至50%，提前实现年度目标。 陕西持续深化"三个年"活动，优化营商环境，认真贯彻落实民营经济促进法，设立省发展改革委民 营经济发展局，提振民营企业投资发展信心。省发展改革委推荐我省有代表性的民营企业参加第十六届 夏季达沃斯论坛和中国民洽会，在全国发展改革系统民营经济现场会上推介民间投资项目，组织省内民 营企业参与国家投贷联动试点，推荐民间投资项目纳入全国重点民间投资项目库，储备适合民营企业参 与的政府和社会资本合作（PPP）新机制项目，向社会公开推介适合民营企业参与的重大项目，并且连 续三年实施新开工民间投资项目贷款贴息政策，出台七条举措、打造"四个一"工作体系、实施七大行 动，着力解决政策知晓率不高、融资难、民企竞争力不强、营收规模小等问题，支 ...

Core Viewpoint - The private economy is a vital force in advancing Chinese-style modernization, demonstrating efficiency advantages over state-owned enterprises, but has shown signs of slowing growth in key economic indicators, necessitating renewed focus on its development during the 15th Five-Year Plan period [2][3]. Group 1: Employment and Income - The ability of private enterprises to absorb employment has weakened, with the number of employees in urban private enterprises growing from 29.418 million to 30.796 million, an annual growth rate of 1.15%, significantly lower than the 8.5% growth rate from 2015 to 2019 [5]. - The wage gap between private and non-private employees has widened, with average annual wages for private employees at 69,476 yuan in 2024, compared to 124,110 yuan for non-private employees, a decrease in the wage ratio from 63.8% in 2015 to 56% in 2024 [6]. Group 2: Investment Trends - Private investment growth has lagged behind national and state-owned investment, with the share of private investment dropping from 53.6% in 2020 to below 49% in 2024, and an average annual growth rate of 1.6% compared to 6.2% for state-owned investment [7]. - In the first half of 2025, private investment is projected to have decreased by 0.6%, while state-owned investment increased by 5.0%, indicating a significant disparity in growth rates [7]. Group 3: Industrial Performance - The growth rate and efficiency of the private industrial sector have declined, with state-owned industrial growth matching and surpassing that of private industries, and key efficiency indicators showing state-owned enterprises outperforming private ones [8][9]. - From 2020 to 2024, the average annual growth rate of industrial value-added was 5.3% for private industries, while state-owned industries achieved 5.1%, with state-owned enterprises also showing improved profit margins compared to private enterprises [9][10]. Group 4: Construction Sector - The share of non-state construction enterprises has decreased, with state-owned construction enterprises increasing their share from 37.4% to 43% of total construction output from 2020 to 2024, while private construction's share fell from 62% to 57% [11]. Group 5: Foreign Trade Achievements - Private enterprises have significantly contributed to foreign trade, with their annual growth rate in import and export totals at 9.9% from 2015 to 2024, compared to 4.1% for state-owned enterprises, leading to a rise in their share of total trade from 35% to 55.7% [12]. Group 6: Publicly Listed Companies - The number of private enterprises among the top 500 companies has slightly decreased from 249 in 2020 to 244 in 2024, while their revenue growth rate has outpaced that of state-owned enterprises [14][16]. - Private enterprises' net profit margin has declined from 0.63% in 2020 to 0.43% in 2024, indicating a need for improved profitability [15]. Group 7: Wealth Distribution - The number of billionaires and total wealth in China has been decreasing, with the 2024 Hurun Report showing a 12% drop in the number of individuals with wealth exceeding 5 billion yuan compared to 2023 [18]. Group 8: Recommendations for the 15th Five-Year Plan - The 15th Five-Year Plan should focus on enhancing the scale advantages of private enterprises, particularly in foreign trade, while creating a supportive policy environment to improve efficiency and effectiveness [19].