【导读】国务院办公厅印发《关于进一步促进民间投资发展的若干措施》 中国基金报记者 晨曦 盘后又有大利好！ 11月10日，中国政府网显示，国务院办公厅印发《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》），提出13项针对性政策举措，意在进一步激发民间投资活 力、促进民间投资发展。 扩大准入方面，《若干措施》提出，对需报国家审批（核准）的具有一定收益的铁路、核电 等重点领域项目，鼓励支持民间资本参与并明确持股比例等要求；对具备条件的项目，民间 资本持股比例可在10%以上。 《若干措施》要求，对各地方规模较小、具有盈利空间的城市基础设施领域新建项目，鼓励 民间资本参与建设运营。引导民间资本有序参与低空经济领域基础设施建设，积极支持有能 力的民营企业牵头承担国家重大技术攻关任务。 《若干措施》提到，清理不合理的服务业经营主体准入限制；规范实施政府和社会资本合作 新机制，修订分类支持民营企业参与的特许经营项目清单；坚决取消招标投标领域对民营企 业单独设置的不合理要求。进一步加大政府采购支持中小企业力度。 打通堵点方面，《若干措施》要求，保障民营企业在电力并网运行、油气管网设施使用、运 力资源调配等方面的 ...

Group 1 - The State Council has issued 13 targeted policy measures to stimulate private investment and enhance its development [2][4] - The Ministry of Commerce and other departments have adjusted the management catalog for the export of precursor chemicals to specific countries, adding the US, Mexico, and Canada to the list [2][4] - The eighth China International Import Expo has achieved a record intended transaction amount of $83.49 billion, marking a 4.4% increase from the previous event [2][4] Group 2 - The National Health Commission has announced that the country has entered the flu epidemic season, with flu activity levels significantly rising, particularly in southern regions [6] - In the first three quarters, China's gold production reached 271.782 tons, a year-on-year increase of 1.39%, while gold consumption fell by 7.95% to 682.73 tons [8] - The total box office for films in China has surpassed 45 billion yuan as of November 10, 2025 [9] Group 3 - A trend of bank app shutdowns has emerged, with over 10 small and medium-sized banks discontinuing credit card apps in 2024, and at least 6 more banks following suit in the first 10 months of 2025 [12] - The 2025 Global Computing Conference was held in Shenzhen, focusing on AI opportunities, with predictions indicating AI could drive a 15% increase in global economic growth over the next decade [13] - For the first time in nearly 30 years, global central banks' gold holdings have surpassed US Treasury bonds, with gold prices rising nearly 50% since the beginning of the year [14]

Core Points - The State Council has released measures to promote private investment, focusing on expanding market access, ensuring fair competition, and enhancing resource support for private enterprises [1][3] Group 1: Expansion of Market Access - The measures support private capital investment in key sectors such as railways, nuclear power, and urban infrastructure projects [3][4] - Private capital is encouraged to participate in low-altitude economy, commercial aerospace, and satellite communication sectors [3] - For projects requiring national approval, feasibility studies for private capital participation must be conducted [4][5] Group 2: Removal of Hidden Barriers - The measures aim to eliminate unreasonable entry restrictions in service industries and ensure fair competition for private enterprises [6][7] - It prohibits setting additional conditions for private enterprises in bidding processes and ensures their rights in network infrastructure operations [6][7] Group 3: Increased Policy Support - A series of initiatives are outlined to support private enterprises, including government procurement policies favoring small and medium-sized enterprises (SMEs) [8][9] - The measures specify that over 40% of budgets for engineering procurement projects suitable for SMEs must be reserved for them [10] - New policy financial tools will be utilized to support important private investment projects, with a focus on technology innovation and traditional infrastructure [10]

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 Chinese government has introduced a series of measures to stimulate private investment, particularly in key sectors such as railways, nuclear power, and low-altitude economy, aiming to enhance the participation of private capital in these areas [2][3]. Group 1: Policy Measures - The State Council has released 13 targeted policy measures to invigorate private investment, focusing on expanding access, addressing bottlenecks, and strengthening support [2]. - The measures encourage private capital participation in state-approved projects, particularly in profitable sectors like railways and nuclear power, with specified shareholding requirements [2][3]. - Private investment is being directed towards low-altitude economy and commercial aerospace, with support for capable private enterprises to lead major technological initiatives [2][3]. Group 2: Investment Environment - Historically, sectors like railways and nuclear power have been dominated by state-owned capital, but new policies are designed to open these sectors to private investment, allowing for a more active role [3]. - The introduction of a minimum shareholding requirement for private capital in nuclear projects has already seen participation from 10 private enterprises in five projects, with ownership stakes exceeding 10% [3]. Group 3: Addressing Challenges - The measures aim to safeguard the rights of private enterprises in areas such as electricity grid access and resource allocation, while also promoting the establishment of significant pilot platforms for innovation [3][4]. - Financial institutions are encouraged to set annual service targets for private enterprises, ensuring their reasonable credit needs are met [4]. Group 4: Financial Support - The government is increasing support for eligible private investment projects through central budget investments and new policy financial tools, with a total of 500 billion yuan allocated to support over 2,300 projects [4]. - A project database has been established to promote private investment, with over 12,282 projects currently being recommended to private capital, amounting to a total investment of 10.27 trillion yuan [4]. Group 5: Current Investment Trends - Recent statistics indicate a decline in private investment, with a 3.1% year-on-year decrease in private fixed asset investment during the first three quarters of the year [6]. - Despite the challenges posed by international conditions and the real estate market, the long-term outlook for private investment remains positive, supported by ongoing government efforts to enhance the investment environment [7].

Core Viewpoint - The article outlines measures to further stimulate and promote private investment in various sectors, emphasizing the importance of private capital participation in infrastructure and service industries [4][5][6]. Group 1: Measures to Encourage Private Investment - Projects requiring national approval in sectors like railways, nuclear power, and water supply should include feasibility studies for private capital participation, with a minimum private capital stake of 10% for eligible projects [4]. - Local authorities are encouraged to detail specific requirements for private capital involvement in project construction, particularly for smaller urban infrastructure projects with profit potential [4]. - Private capital is guided to participate in low-altitude economy infrastructure, with equal treatment in commercial space frequency licensing and satellite communication business access [4]. Group 2: Regulatory and Operational Improvements - Unreasonable entry restrictions in service industries will be eliminated, promoting private investment in industrial design, quality certification, and digital transformation services [5]. - The government and social capital cooperation mechanism will be standardized, ensuring fair conditions for private capital in public-private partnership projects [5]. - Strict adherence to bidding regulations will be enforced, prohibiting unreasonable requirements for private enterprises [5][6]. Group 3: Support for Small and Medium Enterprises - Government procurement will prioritize small and medium enterprises, reserving over 40% of budgets for projects suitable for them, with encouragement for local governments to increase this share [6]. - Enhanced regulatory oversight will ensure the rights of private enterprises in infrastructure operations, including power grid access and resource allocation [6]. - Support will be provided for the establishment of major pilot platforms in key industries, facilitating collaboration between state-owned enterprises and private firms [6][7]. Group 4: Digital Transformation and Financial Support - Leading private enterprises are encouraged to build comprehensive digital empowerment platforms to enhance supply chain data integration and support digital transformation for smaller firms [7]. - Central budget investments will be directed towards qualifying private investment projects, utilizing new policy financial tools to bolster capital [7][8]. - Financial institutions are urged to set annual service goals for private enterprises, ensuring access to credit and promoting innovative financing mechanisms [7][8]. Group 5: Monitoring and Compliance - Local governments and relevant departments are tasked with enhancing services and regulations for private investment, improving statistical systems, and monitoring investment trends [8]. - The National Development and Reform Commission will coordinate policy guidance and ensure the implementation of these measures [8].

Group 1 - The People's Bank of China conducted a 1,199 billion yuan reverse repurchase operation with a 7-day term at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 416 billion yuan after 783 billion yuan matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term products rose across the board, with the overnight Shibor increasing by 15.20 basis points to 1.4790%, and the 7-day Shibor rising by 5.60 basis points to 1.4780% [1][2] - In the interbank pledged repo market, all varieties saw an increase, with the weighted average rates for DR001 and R001 rising by 15.2 basis points and 13.1 basis points, respectively, while transaction volumes decreased [5] Group 2 - The money market showed a tight stance in the morning, easing in the afternoon, with overnight rates for collateralized deposits trading between 1.50% and 1.53%, and 7-day rates around 1.50% [9] - A total of 87 interbank certificates of deposit were issued on November 10, with an actual issuance volume of 1,308.6 million yuan [9] - The primary market for certificates of deposit showed varied demand across different maturities, with the 6-month AAA-rated city commercial banks seeing better demand compared to others [10]

Core Viewpoint - The article discusses the recent measures introduced by the State Council to stimulate private investment and promote its development, outlining 13 targeted policy initiatives aimed at enhancing private sector participation in various sectors [1][2]. Group 1: Expanding Access - The measures encourage private capital participation in key sectors such as railways and nuclear power, specifying shareholding ratios for projects requiring national approval [1]. - Local governments are urged to involve private capital in new urban infrastructure projects that have profit potential [1]. - Private investment is guided towards emerging fields like low-altitude economy and commercial space, with support for capable private enterprises to lead major technological initiatives [1]. - The article emphasizes the removal of unreasonable restrictions on service industry access for private enterprises and the revision of public-private partnership mechanisms to facilitate private participation [1]. Group 2: Addressing Bottlenecks - The measures aim to protect the legal rights of private enterprises in areas such as electricity grid access and oil and gas pipeline usage [2]. - Support is provided for private enterprises to establish significant pilot platforms that can drive industry growth, with collaboration from state-owned enterprises and research institutions [2]. - The article highlights the importance of building comprehensive digital empowerment platforms for leading private companies and promoting digital transformation for small and medium-sized enterprises [2]. Group 3: Strengthening Support - Increased central budget investments and new policy financial tools are proposed to support eligible private investment projects [2]. - Financial institutions are encouraged to set annual service goals for private enterprises to meet their reasonable credit needs [2]. - The measures include policies to facilitate the listing and financing of technology-driven enterprises and support for private investment projects to issue real estate investment trusts (REITs) in infrastructure [2]. - The article calls for enhanced service, guidance, and regulatory management for private investment from various regions and departments, promoting responsible investment practices [2].

中国政府网11月10日消息，为进一步激发民间投资活力、促进民间投资发展，国务院办公厅日前印发 《关于进一步促进民间投资发展的若干措施》，提出13项针对性政策举措。 积极支持有能力的民营企业牵头承担国家重大技术攻关任务 鼓励支持民营企业加快建设一批具有较强行业带动力的重大中试平台 加大中央预算内投资对符合条件民间投资项目的支持力度 持续落实好突破关键核心技术科技型企业上市融资、并购重组"绿色通道"政策 保障民间资本顺畅参与重大项目 《若干措施》提出，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、供水等领域项目，应专项论证民间资本参与的可行 性，并在可行性研究报告（项目申请书）中专项说明。鼓励支持民间资本参与，并结合项目实际、民营 企业参与意愿、有关政策要求等确定具体项目持股比例。对具备条件的项目，民间资本持股比例可在 10%以上。 《若干措施》明确，行业主管部门和各地方结合实际细化民间资本参与项目建设的具体要求，由项目审 批（核准）部门按权限审核民间资本参与情况、确定持股比例。对各地方规模较小、具有盈利空间的城 市基础设施领域新建项目，鼓 ...

Core Viewpoint - The State Council has introduced 13 targeted policy measures to stimulate private investment, which is crucial for stabilizing growth, adjusting structure, and promoting employment [1][2][3] Group 1: Policy Measures - The new measures encourage private capital participation in key sectors such as railways and nuclear power, clarifying shareholding requirements [2] - Local governments are urged to involve private capital in new urban infrastructure projects with profit potential [2] - The measures aim to eliminate unreasonable restrictions on service industry market access, enhancing the investment environment [2] Group 2: Addressing Challenges - The policies focus on resolving common issues faced by private enterprises, promoting the establishment of major pilot platforms and digital empowerment initiatives for SMEs [2] - A stable and predictable institutional environment is emphasized to boost private investment confidence [2] Group 3: Support and Assurance - The measures include increasing central budget investments and supporting eligible private investment projects through new policy financial tools [2] - The introduction of real estate investment trusts (REITs) for infrastructure projects is highlighted as a significant support mechanism [2] Group 4: Expected Outcomes - The combination of these measures is expected to enhance the internal motivation for private investment and release domestic demand potential, contributing to high-quality economic development [3]