Core Viewpoint - The State Council has issued measures to promote private investment in China, focusing on expanding access, addressing bottlenecks, and strengthening support for private enterprises [1] Group 1: Expanding Access - Private capital is encouraged to participate in key projects with a shareholding ratio of over 10% in sectors requiring national approval, such as railways and nuclear power [2] - The energy sector is identified as a crucial area for attracting private capital, with plans to enhance policies and mechanisms for private enterprise participation in major projects [2] - Support will be provided for private capital to flow into the productive service industry, aligning with the flexible nature of private enterprises [2] Group 2: Addressing Bottlenecks - Support for private enterprises to build major pilot platforms is emphasized, encouraging integrated layouts in advanced manufacturing clusters [3] - State-owned enterprises, universities, and research institutions are encouraged to offer market-oriented pilot services to private enterprises, fostering a collaborative ecosystem [3] - The digital transformation is highlighted as a significant investment opportunity, with measures to guide private investment in smart and digital networks [3] Group 3: Strengthening Support - Investment policies will leverage central budget investments to support eligible private investment projects, alongside the deployment of new policy financial tools [4] - Government procurement policies will encourage an increase in advance payment ratios for contracts with private enterprises to over 30% [5] - Credit policies will focus on supporting small and micro enterprises, with banks required to set annual service targets for private enterprises [5] - Direct financing will continue to facilitate the listing and merger of technology-driven enterprises through streamlined processes [6]

Core Viewpoint - The recent measures issued by the State Council aim to promote private investment in key sectors, allowing private capital to hold more than 10% in nuclear power and other significant projects [2][8]. Group 1: Expansion of Access - Private capital participation in projects requiring national approval, such as railways and nuclear power, will be specially evaluated for feasibility, with the potential for ownership exceeding 10% [3]. - Local authorities will detail specific requirements for private capital involvement in project construction, encouraging participation in smaller urban infrastructure projects [3]. - The government will facilitate private capital's involvement in low-altitude economy infrastructure and streamline satellite communication business access for private investments [3]. Group 2: Service Industry and Procurement - The measures aim to eliminate unreasonable entry barriers in the service industry, promoting private capital in sectors like industrial design and digital transformation [4]. - Government procurement will increasingly support small and medium-sized enterprises (SMEs), reserving over 40% of budgets for projects suitable for SMEs [5]. Group 3: Addressing Bottlenecks - Enhanced regulation of network infrastructure operations will protect private enterprises' rights in energy and transportation sectors [6]. - The government encourages the establishment of major pilot platforms in key industries, supporting private enterprises in digital transformation [6]. Group 4: Strengthening Support - Increased central budget investments will support eligible private investment projects, utilizing new policy financial tools to bolster capital [7]. - Financial institutions are encouraged to set annual service goals for private enterprises, ensuring access to credit and promoting innovative financing solutions [7]. Group 5: Implementation and Compliance - Strict enforcement of bidding regulations will prevent unreasonable requirements for private enterprises, ensuring fair access to bidding opportunities [10]. - The government will enhance the application of digital technologies to improve compliance in bidding processes, correcting issues in over 31,000 projects [11].

第一，扩大准入，鼓励支持民间资本参与重点领域项目。 读者关切 我是一家民营企业的负责人，看好国内市场未来的发展，想拓宽投资领域。请问国家在促进民营企业投 资方面有哪些举措和服务？ 日前，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》，从扩大准入、打通堵点、强化 保障三个方面提出了13项针对性政策举措。 信贷政策方面，一是用好支持小微企业融资协调工作机制；二是银行业金融机构应制定民营企业年度服 务目标，全面准确落实普惠信贷尽职免责和不良容忍制度，满足民营企业合理信贷需求；三是推广"创 新积分制"，引导金融资源精准聚焦服务科技型企业。 支持民间资本更多投向生产性服务业领域。"民营企业贴近市场、机制灵活，与生产性服务业特质契 合。"国家发展改革委产业发展司副司长李春芳表示，将会同有关部门，实施服务业扩能提质行动，支 持民间资本有序流向高价值服务行业，引导打造生产性服务业品牌。 第二，打通堵点，破解创新支撑不足等问题。 第三，强化保障，加大对民间投资投融资支持。 投资政策方面，一是用好中央预算内投资，对符合条件的民间投资项目予以积极支持；二是新型政策性 金融工具。截至10月29日，5000亿元新型政策性金融 ...

Core Points - The State Council issued measures to promote private investment, focusing on expanding access, removing barriers, and strengthening support [1] - The National Development and Reform Commission (NDRC) emphasized the importance of private investment as a key indicator of economic activity and stability [2] Group 1: Expanding Access - The measures prioritize expanding private investment access, particularly in sectors like railways, nuclear power, low-altitude economy, and commercial aerospace, allowing private capital to hold over 10% in eligible projects [2] - In the energy sector, private capital participation has been increasing, with 20 private companies involved in new nuclear projects, aiming for a 10% share in 2024 and 10%-20% by 2025 [2] Group 2: Removing Barriers - The measures propose multiple initiatives to protect the legal rights of private enterprises in areas such as electricity grid access and oil and gas pipeline usage [4] - There is a strong emphasis on encouraging private enterprises to build significant pilot platforms that integrate innovation and industry, enhancing the connection between the innovation chain and the industrial chain [4][5] Group 3: Strengthening Support - The measures focus on addressing the core concerns of private investment regarding both investment and financing [6] - On the investment side, the government plans to increase support for eligible private investment projects through central budget investments and new policy financial tools [7] - On the financing side, the measures include implementing inclusive credit policies and supporting technology companies in accessing public markets and financing [7] Group 4: Multi-Dimensional Support System - A multi-dimensional support system is being established to ensure the effectiveness of the measures, including ongoing communication between government and enterprises [8] - The NDRC will enhance coordination and promote the implementation of the Private Economy Promotion Law to facilitate high-quality development of private investment [8]

Core Viewpoint - The Chinese government aims to stimulate private investment to enhance economic growth, employment stability, and market expectations through targeted measures outlined in the "Several Measures to Further Promote the Development of Private Investment" [1][2]. Group 1: Policy Measures - The government has introduced 13 specific policy measures to encourage private capital participation in key sectors such as railways and nuclear power, including clarifying shareholding ratios [1][2]. - The National Development and Reform Commission (NDRC) has recommended 105 projects to the China Securities Regulatory Commission, with 83 projects already listed, covering various sectors and expected to drive over 1 trillion yuan in new investments [1][2]. Group 2: Investment Trends - In the first three quarters of the year, national fixed asset investment (excluding rural households) reached 371.535 billion yuan, a 0.5% year-on-year decline, with private fixed asset investment down 3.1% [2]. - However, private investment in infrastructure grew by 7% and in manufacturing by 3.2%, indicating stable growth in these areas [2]. Group 3: Challenges and Solutions - The NDRC acknowledges existing challenges in private investment and emphasizes a problem-oriented approach to enhance investment effectiveness [2][4]. - The "Several Measures" aim to lower barriers for private capital in traditional sectors like energy and railways, addressing regulatory bottlenecks [4][5]. Group 4: Financial Support - The government plans to enhance financial support for private investment through coordinated investment, fiscal, and financial policies, including the use of new policy financial tools [8][9]. - Specific measures include promoting direct financing for technology-driven enterprises and expanding the issuance of infrastructure REITs to broaden financing channels for private companies [8][9]. Group 5: Service Industry Focus - The measures also aim to eliminate unreasonable entry barriers in the service industry, encouraging private capital to invest in high-value service sectors such as industrial design and digital transformation [6][7]. - The NDRC highlights the importance of the service industry in economic development and aims to support private enterprises in enhancing their service capabilities [7].

Core Viewpoint - The National Development and Reform Commission (NDRC) is actively promoting private investment development through various measures and mechanisms aimed at enhancing communication and support for private enterprises [1][2][3]. Group 1: Measures to Promote Private Investment - The NDRC has introduced several initiatives to strengthen services for private investment, including improving communication channels and addressing practical difficulties faced by private enterprises [1][2]. - The implementation of the Private Economy Promotion Law marks a significant step in providing institutional support for private investment, including a dedicated chapter on investment financing [2]. - A multi-level communication mechanism has been established to facilitate ongoing dialogue between government and private enterprises, with over 20 breakfast meetings and 160 discussions held to address investment-related issues [3]. Group 2: Service Platforms and Feedback Mechanisms - The NDRC launched a comprehensive service platform for private economic development, which includes policy interpretation, project promotion, and problem resolution, achieving over 500,000 visits and addressing more than 5,600 issues by October [3][4]. - A closed-loop workflow has been created to ensure effective problem resolution for private enterprises, involving inter-departmental collaboration and timely feedback on issues raised [4]. Group 3: Encouragement of Investment in Service Industries - The NDRC is encouraging private capital to invest in high-value service sectors, particularly in areas like industrial design and quality certification, to enhance the quality of production services [5][6]. - Pilot reforms are being implemented to showcase successful transitions in service industries, promoting innovative policies to support private enterprises in exploring service-oriented manufacturing [6].

Group 1 - The core viewpoint of the article emphasizes the importance of promoting private investment for economic stability and growth, as outlined in the recent measures issued by the State Council [1] - Private investment has shown a slowdown this year due to international environmental changes and adjustments in the real estate market, but private project investment excluding real estate has grown by 2.1% year-on-year in the first three quarters [1] - The measures propose 13 policy initiatives categorized into three areas: expanding access, addressing bottlenecks, and strengthening guarantees [1] Group 2 - The production service industry is identified as a key support for industrial development, with measures aimed at removing unreasonable restrictions on service industry access [2] - The National Development and Reform Commission (NDRC) plans to implement actions to enhance the capacity and quality of the service industry, encouraging private capital to flow into high-value service sectors [2] - Continuous communication and support for private enterprises will be prioritized to address practical difficulties and promote effective investment [2] Group 3 - The measures support the construction of comprehensive digital empowerment platforms by leading private enterprises and third-party service providers, facilitating digital transformation for small and medium-sized enterprises [3] - The NDRC aims to stimulate internal motivation for enterprise transformation and expand new investment demands in the digital economy sector [3] - The energy sector has introduced policies to enhance the participation of private capital in major projects, including nuclear and hydropower [3] Group 4 - The measures encourage the issuance of Real Estate Investment Trusts (REITs) for private investment projects in the infrastructure sector, promoting the integration of the real economy with capital markets [4] Group 5 - As of now, the NDRC has recommended 18 private investment projects to the China Securities Regulatory Commission, with 14 projects successfully issued, raising nearly 30 billion yuan [5] - Future efforts will focus on collaborating with the regulatory commission to support more private investment projects while ensuring risk management and quality control [5]

Core Viewpoint - The State Council has issued measures to stimulate private investment, focusing on expanding access, addressing bottlenecks, and strengthening support for private capital in key sectors [2][3] Group 1: Expanding Access and Addressing Bottlenecks - Private investment is a crucial indicator of economic activity, contributing to growth, employment, and expectations [3] - The measures include 13 policy initiatives aimed at enhancing the investment environment for private capital [3] - The government will establish a cross-departmental mechanism to ensure the effective implementation of these policies [3] - Private capital can now hold over 10% in key project areas, encouraging participation in significant projects [3][4] Group 2: Encouraging Investment in High-Value Industries - The government plans to support private capital in the production service industry, which is essential for industrial development [5] - Focus areas include industrial design, common technology services, and quality certification, promoting entry into higher value-added sectors [5] - The initiative aims to enhance the quality of production services and encourage innovation in manufacturing [5] Group 3: Digital Transformation Support - The measures support the establishment of comprehensive digital empowerment platforms for private enterprises, facilitating data integration across supply chains [7] - The government aims to foster digital service providers for small and medium-sized enterprises, enhancing their digital transformation [8] - There is a focus on expanding effective investment in digital economy initiatives, including urban digital transformation projects [8]

Core Viewpoint - The State Council's recent measures aim to stimulate private investment, particularly in infrastructure REITs, to enhance economic growth, employment stability, and investment expectations [1][6]. Group 1: Policy Measures - The document outlines 13 targeted policy measures to promote private investment, including encouraging private capital participation in key sectors like railways and nuclear power, and clarifying shareholding ratios [1][6]. - The National Development and Reform Commission (NDRC) has recommended 105 projects to the China Securities Regulatory Commission, with 83 projects already listed, raising a total of 207 billion yuan, expected to drive over 1 trillion yuan in new investments [5][6]. Group 2: Investment Trends - In the first three quarters of the year, national fixed asset investment (excluding rural households) reached 37,153.5 billion yuan, a year-on-year decrease of 0.5%, with private fixed asset investment down 3.1% [6]. - However, excluding real estate, private project investment grew by 2.1%, with infrastructure investment up by 7% and manufacturing investment up by 3.2%, indicating stable growth [6]. Group 3: Encouragement of Private Capital - The measures specify that for certain projects requiring national approval, feasibility studies must include assessments of private capital participation, with potential shareholding ratios exceeding 10% [7][8]. - The NDRC emphasizes the importance of private capital in long-term, public-interest projects, with recent initiatives successfully attracting private investment in nuclear and hydropower projects [7][8]. Group 4: Financial Support and Mechanisms - The NDRC plans to enhance financial support for eligible private investment projects, utilizing various funding channels and financial services to improve policy effectiveness [13][14]. - A total of 500 billion yuan in new policy financial tools has been allocated, with a portion supporting qualified private investment projects [13][14]. Group 5: Service Industry Development - The measures aim to eliminate unreasonable entry barriers in the service industry, encouraging private capital to flow into high-value sectors such as industrial design and digital transformation [10][11]. - The NDRC highlights the significant growth potential in the service industry during the 14th Five-Year Plan period, advocating for private enterprises to engage in high-value service sectors [10][12].

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the significant potential of private capital in driving economic growth and innovation, particularly in the context of the newly released measures to promote private investment [1][2]. Group 1: Private Investment Growth - Private investment is a crucial indicator of economic activity, with a 2.1% year-on-year growth in private project investment excluding real estate in the first three quarters of the year [1]. - Infrastructure private investment has increased by 7% year-on-year, while manufacturing private investment has grown by 3.2%, indicating a stable growth trend [1]. Group 2: Encouragement for High-Value Sectors - The NDRC plans to encourage private enterprises to enter high-value sectors such as technology services, focusing on areas like industrial design and quality certification [3]. - The integration of technological and industrial innovation is highlighted as a critical area for private enterprises to excel [2]. Group 3: Support for Investment Projects - The NDRC aims to facilitate more private investment projects to go public, having already recommended 18 projects to the China Securities Regulatory Commission (CSRC), with 14 successfully listed, raising nearly 30 billion yuan [5]. - A comprehensive service platform for investment and financing will be established to enhance the efficiency of capital allocation to private enterprises [7]. Group 4: Government Procurement and Support for SMEs - The NDRC has reinforced policies to support small and medium-sized enterprises (SMEs) through government procurement, mandating that over 40% of certain project budgets be reserved for SMEs [6]. - Local governments are encouraged to increase the reserved share for SMEs in procurement projects [6]. Group 5: Financial Support and Credit Access - Banks are instructed to optimize approval processes and enhance direct access to credit for small and micro enterprises, with a focus on improving financial service levels [7]. - The NDRC is promoting a "credit innovation points system" to better allocate financial resources to technology-driven enterprises [7]. Group 6: Infrastructure REITs and Investment - The NDRC has recommended a total of 105 infrastructure REITs projects to the CSRC, with 83 already listed, raising a total of 207 billion yuan, which is expected to drive over 1 trillion yuan in new project investments [9]. - The introduction of private capital into major projects, such as nuclear power, has seen participation rates of up to 20% [8]. Group 7: Policy Financial Tools - As of October 29, 2023, the NDRC has fully allocated 500 billion yuan in new policy financial tools to support eligible private investment projects [10].