民间投资对稳就业、稳企业、稳市场、稳预期具有重要作用。随着存量政策和增量政策共同发力，我国 民间投资结构持续优化，呈现出向实向新的趋势。不过，当前部分行业领域民间投资仍面临动力不足的 问题，进一步提振民间投资，潜力在哪里？ 向改革要"牵引力"，为民间资本打开广阔空间—— 深化投资体制机制改革，是打破行业准入壁垒、释放民间投资潜力的核心路径。"十五五"规划建议明确 提出"完善民营企业参与重大项目建设长效机制"。目前，《市场准入负面清单（2025年版）》已"瘦 身"至106项，较2018年版减少45项，保障民企公平竞争权利，让民企可专心创业、放心投资、安心经 营；不久前，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》的通知，明确鼓励民间资 本参与铁路、核电等重点领域建设，引导其有序流向工业设计、共性技术服务等高价值服务行业关键环 节；未来，围绕"投资于物与投资于人紧密结合"的导向，民间资本还有望加快拓展公共服务领域投资场 景……"玻璃门""旋转门"正被一一拆除，随着改革持续深化，民间资本必将舒活筋骨，大显身手。 向政策要"托举力"，为民间资本提供坚实支撑—— 向营商环境要"吸引力"，为民间资本注入坚定信 ...

经济观察网国家发展改革委固定资产投资司发表文章《着力扩大有效投资》，文章指出，进一步促进民 间投资发展。从扩大准入、打通堵点、强化保障等方面着力破解民间投资发展难题，促进民间投资高质 量发展。完善民营企业参与重大项目建设长效机制，积极支持民营企业参与具有一定收益的铁路、核 电、水电等重点领域项目建设。滚动接续向民间资本推介优质项目，加强对民间投资项目的要素和融资 支持。鼓励支持民营企业参与政府和社会资本合作(PPP)新机制项目建设实施。持续推动基础设施领域 不动产投资信托基金(REITs)扩围扩容，支持更多符合条件的民间投资项目发行上市。加大中央预算内 投资等对符合条件的民间投资项目支持力度，更好发挥政府投资基金对民间投资的引导带动作用。 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) is entering a normalization phase for the issuance of Real Estate Investment Trusts (REITs) in the infrastructure sector in 2024, with ongoing expansion efforts [1] Summary by Categories Infrastructure Investment - The NDRC has recommended a total of 105 projects to the China Securities Regulatory Commission (CSRC), with 83 projects already issued and listed [1] - The recommended projects span 10 industries and 18 asset types, including toll roads, clean energy, urban heating, ecological protection, warehousing and logistics, industrial parks, data centers, rental housing, water conservancy, and consumer infrastructure [1] Fundraising and Investment Impact - The total amount raised from the issued funds is 207 billion yuan, which is expected to drive new project investments exceeding 1 trillion yuan [1] - Additionally, the NDRC has recommended 18 private investment projects to the CSRC, with 14 projects already issued, raising nearly 30 billion yuan [1]

Core Viewpoint - The State Council has issued measures to stimulate private investment and promote its development, outlining 13 targeted policy initiatives aimed at enhancing private sector participation in various industries [1][2]. Group 1: Expanding 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-scale urban infrastructure projects with profit potential [1]. - Guidance for private capital involvement in low-altitude economy and commercial space sectors [1]. - Removal of unreasonable entry restrictions for service industry operators [1]. - Revision of the list of concession projects to facilitate private enterprise participation [1]. - Elimination of unreasonable requirements for private enterprises in bidding processes [1]. - Increased government procurement support for small and medium-sized enterprises [1]. Group 2: Addressing Bottlenecks - Protection of private enterprises' legal rights in electricity grid operations, oil and gas pipeline usage, and transportation resource allocation [2]. - Encouragement for private enterprises to establish major pilot platforms with strong industry influence [2]. - Support for digital empowerment platforms for leading private enterprises and third-party service providers [2]. - Implementation of digital transformation initiatives for more private small and medium-sized enterprises [2]. Group 3: Strengthening Support - Increased central budget investment and new policy financial tools for qualifying private investment projects [2]. - Financial institutions to set annual service goals for private enterprises to meet their reasonable credit needs [2]. - Continuation of policies facilitating technology-driven enterprises' access to public financing and mergers [2]. - Support for eligible private investment projects to issue real estate investment trusts (REITs) in infrastructure [2]. - Emphasis on local and departmental support for private investment, guiding enterprises to operate legally and responsibly [2].

Core Viewpoint - China's urban renewal initiative will receive multi-channel funding support, with a focus on enhancing public infrastructure and services [1][2] Group 1: Funding Support - The central government will increase investment support for urban renewal, with a dedicated budget for 2025 to fund public infrastructure and services [1] - Over 470 billion RMB has been allocated since the 14th Five-Year Plan for urban infrastructure projects, including gas and drainage systems [1] - An additional 290 billion RMB has been earmarked for urban underground infrastructure projects through long-term special bonds since 2024 [1] Group 2: Investment Mechanism - A diversified funding mechanism is essential, as government investment alone is insufficient for large-scale urban renewal projects [2] - The government aims to enhance investment efficiency and encourage participation from various stakeholders, including market mechanisms and public-private partnerships [2] - Innovative financing models will be prioritized for projects that demonstrate strong potential and effective demonstration [2]