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 Insights - The article discusses the slowdown in private investment in China due to changes in the international environment and adjustments in the real estate market, while highlighting a 2.1% year-on-year growth in private project investment excluding real estate in the first three quarters of the year [1] - The State Council has issued measures to further promote private investment, focusing on enhancing the vitality of private investment and addressing issues related to rights protection and innovation support for private enterprises [1][3] Investment Trends - Private investment is a key indicator of economic stability, with significant contributions from private enterprises in the renewable energy sector [3] - In the energy sector, measures have been introduced to support the development of private capital, including a series of policies aimed at improving market order and reducing investment costs [3][6] Nuclear Power Sector - The introduction of private capital into nuclear power projects has been emphasized, with private capital participation expected to reach 10% in 2024 and increase to 10%-20% by 2025 [4][5] - Some nuclear power projects have already seen private capital participation as high as 20% [5] Policy Measures - The new measures allow for private capital to hold more than 10% in projects, with no upper limit specified, aiming to expand the scope of private investment [5] - The measures also include enhanced regulatory oversight to protect the rights of private enterprises in energy infrastructure [5][6] Government Support - The government is increasing procurement support for small and medium-sized enterprises (SMEs), mandating that at least 40% of project budgets for engineering procurement over 4 million yuan be reserved for SMEs [7][8] - Financial policies are being coordinated to improve access to credit for private enterprises, including the promotion of innovative financing mechanisms [8][9] Communication and Service Improvement - The establishment of a comprehensive service platform for private economic development aims to facilitate communication between the government and private enterprises [10] - A closed-loop process for addressing issues faced by private enterprises has been implemented, ensuring timely feedback and resolution of problems [11] Innovation and Testing Support - The measures encourage the construction of major pilot testing platforms by private enterprises, linking innovation with industry needs [12] - Collaboration between state-owned enterprises, universities, and research institutions with private enterprises is being promoted to enhance market-oriented pilot testing services [12]

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) has introduced measures to promote private investment, addressing challenges and enhancing the investment environment for private enterprises in key sectors [5][6][8]. Group 1: Background and Current Situation - Private investment is a crucial indicator of economic activity, significantly impacting growth, employment, and expectations [5]. - In 2023, private investment has slowed due to international environmental changes and real estate market adjustments, but private project investment excluding real estate has grown by 2.1% year-on-year in the first three quarters [5]. - Infrastructure private investment increased by 7%, and manufacturing private investment rose by 3.2%, indicating stable growth [5]. Group 2: Key Measures Introduced - The measures consist of 13 policies categorized into three areas: expanding access, removing obstacles, and strengthening support [6][7]. - In expanding access, the measures encourage private capital participation in key sectors like railways and nuclear power, with specific shareholding ratios [6][11]. - To remove obstacles, the measures focus on protecting the rights of private enterprises and supporting the establishment of major pilot platforms [7]. - Strengthening support includes increasing central budget investments for eligible private projects and enhancing financing policies [7][26]. Group 3: Focus on Specific Sectors - In the energy sector, private capital is encouraged to participate in nuclear power projects, with a target of 10% shareholding in 2024 and 10%-20% by 2025 [15][16]. - The digital economy is emphasized, with initiatives to support the digital transformation of industries, enhancing efficiency and reducing costs [19][20]. - The production service industry is identified as a key area for private investment, with plans to support capital flow into high-value service sectors [23][24]. Group 4: Investment and Financing Policies - The NDRC aims to enhance the coordination of investment, fiscal, and financial policies to better support private investment [26]. - Specific measures include increasing government procurement for small and medium enterprises and promoting the issuance of infrastructure REITs for private projects [26][38]. - The NDRC has recommended 105 projects for REITs, with 83 already issued, raising a total of 207 billion yuan, expected to drive over 1 trillion yuan in new investments [38][39]. Group 5: Implementation and Future Steps - The NDRC plans to establish a cross-departmental mechanism to ensure the effective implementation of these measures [8]. - Continuous communication with private enterprises will be maintained to address challenges and enhance investment services [30][31]. - The focus will be on creating a favorable environment for private investment in energy and digital sectors, ensuring compliance with regulations in bidding processes [34][47].

适应新型电力系统建设需要，中国还于去年底出台文件支持电力领域新型经营主体创新发展，鼓励民营 企业发展新型储能、充电设施、虚拟电厂、智能微电网等新业态新模式。 在降低投资成本方面，徐欣介绍，中国出台新一轮提升"获得电力"服务水平政策文件，将低压办电"零 投资"服务对象扩展至160千瓦及以下民营经济组织，预计未来五年可惠及民营企业约150万户，节省办 电投资约200亿元人民币。官方还修订有关政策压减许可等级，方便民营企业参与电力设施建设，该领 域民营企业数量占比已超85%。 （文章来源：中国新闻网） 中国国家能源局法制和体制改革司副司长徐欣11日在北京透露，官方支持民间资本参股核电项目，近两 年先后在新核准的核电项目中引入20家民营企业参股，2024年每个项目民资股比约为10%、2025年提高 至10%至20%。 国家发改委当天举行专题新闻发布会，介绍进一步促进民间投资发展有关情况。徐欣在会上谈及能源领 域为此打出的"组合拳"。 她提到，大渡河丹巴、金沙江波罗、奔子栏等水电站项目吸引优质民营企业参与投资取得重要进展；官 方支持民营企业投资油气上游和基础设施，在储气设施、油气管道支线及终端管道项目投资占比已超过 1 ...

新华财经北京11月11日电（记者余蕊陆宇航）国家能源局法制和体制改革司副司长徐欣11日在新闻发布 会上回答新华财经记者提问时表示，近两年先后在新核准的核电项目中引入20家民营企业参股，2024年 每个项目民资股比约为10%、2025年提高至10%-20%。 "今年4月，国家能源局出台能源领域支持民营经济发展壮大的十条举措，推出一系列政策'组合拳'，推 动能源领域民营经济发展壮大。"徐欣从释放投资新动能、创新投资新模式、优化投资新环境三方面进 行了具体介绍。 "下一步，我们将进一步加大能源领域引入民间资本的政策供给，完善民营企业参与核电、水电、跨省 跨区直流输电通道等重大项目长效机制，研究论证持股比例，细化具体要求，有效推动《关于进一步促 进民间投资发展的若干措施》落地。"徐欣说。 （文章来源：新华财经） 在释放投资新动能方面，徐欣表示，大渡河丹巴、金沙江波罗、奔子栏等水电站项目吸引优质民营企业 参与投资取得重要进展；同时，支持民营企业投资油气上游和基础设施，在储气设施、油气管道支线及 终端管道项目投资占比已超过10%。 在创新投资新模式方面，徐欣介绍，我国新能源产业实现跨越式发展，民营企业发挥了中流砥柱作用。 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) has introduced measures to encourage private investment in key sectors, allowing private capital to hold more than 10% in specific projects, signaling a strong push for private sector involvement in infrastructure development [1][2]. Summary by Relevant Sections Key Areas of Focus - The policy emphasizes participation in key sectors such as railways, nuclear power, hydropower, and oil and gas pipelines, which require national approval [1][2]. Profitability Considerations - The targeted projects are primarily foundational, public welfare, and long-term in nature, with some expected to yield returns, thus attracting private investment [2]. Special Feasibility Studies - There is a requirement for special feasibility studies to assess the viability of private capital participation in these key projects, which must be detailed in feasibility reports or project applications [2]. Practical Considerations - The policy acknowledges the diversity of projects and the varying willingness and capability of private enterprises, suggesting that the specific shareholding ratio should be determined based on actual project conditions and private sector interest [2]. Increased Shareholding Support - For projects that meet certain conditions, the shareholding ratio for private capital can exceed 10%, with examples indicating that some nuclear power projects have seen private participation rates as high as 20% [2]. Inclusive Support for Various Economic Entities - The NDRC aims to support all types of economic entities in project construction, promoting complementary advantages among different ownership structures for mutual development [3].

Core Viewpoint - The National Development and Reform Commission (NDRC) has introduced measures to encourage private capital participation in key sectors, allowing for a shareholding ratio of over 10% in certain projects [1][2]. Group 1: Key Areas of Focus - The policy specifically targets projects requiring national approval in sectors such as railways, nuclear power, hydropower, and oil and gas pipelines, emphasizing the importance of these areas [1]. - Projects in these sectors are primarily foundational, public welfare-oriented, and long-term, with some expected to yield certain returns, making them attractive for private investment [2]. Group 2: Implementation Requirements - There is a requirement for specialized feasibility studies to assess the viability of private capital participation in these key projects, which must be detailed in feasibility reports or project applications [2]. - The determination of specific shareholding ratios should consider the actual circumstances of each project, the willingness and capability of private enterprises, and relevant policy requirements [2]. Group 3: Future Directions - The NDRC plans to work with industry authorities and local governments to refine the specific requirements for private capital participation in project construction, ensuring effective policy implementation [3].

Group 1 - The core viewpoint of the article is that the National Energy Administration has introduced a series of policies to support the development of the private economy in the energy sector, aiming to enhance private investment and participation in various energy projects [1][2][3] Group 2 - The first initiative focuses on releasing new investment momentum by allowing private capital to participate in nuclear power projects, with 20 private companies already involved in newly approved projects, and a target of 10% private capital share in 2024, increasing to 10%-20% in 2025 [1] - The second initiative emphasizes innovative investment models, highlighting the significant role of private enterprises in the rapid development of the renewable energy sector, with over 2,400 private electricity sales companies now accounting for nearly 60% of the total, and the number of oil and gas transporters increasing from 5 in 2019 to 1,005 [2] - The third initiative aims to optimize the investment environment by regulating market order, enhancing the service level for obtaining electricity, and reducing investment costs, with an estimated 200 billion yuan in savings for private enterprises over the next five years [3]

Core Viewpoint - The National Development and Reform Commission (NDRC) has introduced measures to promote private investment in various sectors, emphasizing the need for early-stage feasibility studies to include private capital participation [1] Group 1: Policy Measures - The newly released measures require special feasibility studies for projects needing national approval, particularly in sectors like railways, nuclear power, hydropower, and oil and gas pipelines, to assess the viability of private capital involvement [1] - The measures encourage private capital participation and suggest determining specific equity ratios based on project specifics, private enterprise willingness, and relevant policy requirements [1] Group 2: Investment Opportunities - For eligible projects, private capital can hold more than 10% equity, with some nuclear power projects allowing private participation up to 20% [1] - The NDRC aims to foster collaboration among various ownership types to leverage their respective advantages and promote mutual development in key project areas [1]