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》：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（产品正式投产前的中间阶段试验）平台；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、商业航天等领域建设；推广“创新积分制”，引导金融资源精准聚焦服务科技型企业。 ...

每经AI快讯，11月10日，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》。其中指 出，加强对网络型基础设施运行调度的监管，保障民营企业在电力并网运行、油气管网设施使用、运力 资源调配等方面的合法权益。加快制定出台铁路线路接轨管理办法，规范简化铁路线路接轨手续并公开 有关要求，支持有条件的铁路项目实行管内自主运输调度，完善铁路线路路网使用费等方面财务清算规 则。深化基础设施和公用事业领域价格改革。 ...

Group 1 - The State Council has issued measures to further promote the development of private investment [1] - Continuous implementation of policies for technology companies to access public financing and mergers and acquisitions through a "green channel" [1] - Support for more eligible private investment projects to issue Real Estate Investment Trusts (REITs) in the infrastructure sector [1]

人民财讯11月10日电，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》。其中提到，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，积极发挥引导带动作用。用好新型政策性金融 工具，支持一批符合条件的重要行业、重点领域民间投资项目，补充项目资本金。 ...

每经AI快讯，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》的通知。 ...

在扩大准入方面，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、商业航天等领域建设，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；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。 在打通堵点方面，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合法权益；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，支持国有企业、高等院校、科研院所面向民营企业提供市场 化中试服务；支持民营龙头企业、链主企业、第三方服务商建设综合性数字赋能平台，深入实施中小企 业数字化赋能专项行动，支持更多民营中小企业加快数字化升级改造。 在强化保障方面，加大中央预 算内投资、新型政策性金融工具等对符合条件民间投资项目的支持力度；银行业金融机构应制定民营企 业年度服务目 ...

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].

Core Viewpoint - The Ministry of Finance emphasizes the need for a more proactive fiscal policy to enhance the effectiveness of fund utilization and ensure fund security, aiming for rapid implementation of financial measures [1] Group 1: Fiscal Policy Implementation - The report highlights the importance of tightening the budget execution responsibility chain to improve fund usage efficiency and security [1] - It advocates for the continuation of special actions to boost consumption, particularly through fiscal subsidies for personal consumption loans and loans to key industry operators [1] - The report aims to stimulate service consumption potential in areas such as elderly care and childcare [1] Group 2: Financial Coordination and Investment - The Ministry plans to leverage local government special bonds and ultra-long-term special treasury bonds to enhance fiscal and financial coordination [1] - There is a focus on including more public services within the investment support scope to encourage private investment development [1]

Group 1 - The core focus of the city is on the "113388" work system and the "three major battles," emphasizing the "project-oriented" approach to drive rapid project initiation, construction, and production [1] - From January to September, the city's fixed asset investment increased by 6.4% year-on-year, with significant contributions from newly registered projects, injecting strong momentum into high-quality economic development [1] - Manufacturing investment is a key support for investment growth, with a year-on-year increase of 12.2%, contributing 4.9 percentage points to overall investment growth [1] Group 2 - The private economy continues to thrive, with private investment becoming the main driving force for growth, increasing by 20.5% year-on-year and accounting for 70.4% of total investment [3] - Excluding real estate development, private project investment grew by 25.7%, with manufacturing private investment making up 55.3% of total private investment, reflecting strong confidence among private enterprises [3] - Infrastructure investment grew by 8.4% year-on-year, contributing 2.0 percentage points to overall investment growth, with notable performance in the electricity, heat, gas, and water supply sectors [3] Group 3 - The acceleration of new project registrations is significant, with 466 new projects registered from January to September, a year-on-year increase of 8.1%, and completed investment growing by 46.1% [4] - Among the new projects, 212 projects with investments of over 100 million yuan saw a 55.9% increase in completed investment year-on-year [4] - Industrial new projects totaled 353, with a year-on-year growth of 27.0% and completed investment growth of 86.4%, highlighting the ongoing importance of project construction [4]

Core Viewpoint - The "15th Five-Year Plan" emphasizes the development of the private economy in China, addressing its challenges and providing institutional support to enhance its vitality [1][2]. Group 1: Private Economy Development - As of May 2023, there are 1.85 million private economic organizations in China, with over 58 million private enterprises, marking a growth of over 40% since the end of the "13th Five-Year Plan" [1]. - The "14th Five-Year Plan" period saw a dual improvement in the quality and scale of the private economy, highlighting the importance of a fair and open market environment for its growth [1][3]. - The implementation of the "Law on Promoting the Private Economy" on May 20, 2023, emphasizes equality and fairness, with the "15th Five-Year Plan" further reinforcing this legal framework to protect private enterprises [1][2]. Group 2: Legal Protection and Market Environment - The "15th Five-Year Plan" places greater emphasis on legal protection for the private economy, addressing issues of non-standard penalties by law enforcement against private enterprises [2]. - It calls for strengthening judicial protection of property rights and enhancing supervision over coercive measures such as seizure and freezing [2]. - The plan promotes a collaborative development model for large, medium, and small enterprises, reflecting an official stance of equality among various business entities [2]. Group 3: Investment and Economic Impact - The "15th Five-Year Plan" aims to improve mechanisms for private enterprises to participate in major project construction, leveraging government investment funds to stimulate private investment [3]. - Private enterprises account for over 90% of the total number of enterprises in China and provide over 90% of new urban employment, playing a crucial role in stabilizing economic growth and promoting innovation [3]. - The plan anticipates a shift in traditional biases against the private economy, enhancing legal policy enforcement to boost confidence among private entrepreneurs and small businesses [3].