民间资本投资再有新领域。 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》（简称"民间投资13条"），围绕拓宽投资空间、强化服务保障等方面推出13条具体举 措。 倍受关注的点是，明确鼓励民间资本参与铁路、核电、跨省输电通道、油气管道等一批重大基础设施项目，并提出"民间资本持股比例可在10%以上"的量化 指标。 这意味着，民营企业不再仅是项目建设的参与者，更有望以股东身份进入重大基础设施领域，分享其长期稳定的投资回报。 长期以来，民营企业参与重大项目建设一直是社会关注的热点，但受制于项目少、准入门槛高、融资渠道窄等多重障碍，民间资本在铁路、核电等国有资本 主导的领域中往往难以实质性进入。 与此同时，根据国家统计局数据，当前民间投资形势受房地产拖累，2025年1-10月民间投资增速为-4.5%，其中房地产开发投资同比下降14.7%。 在这一背景下，"民间投资13条"的出台不仅是对民间投资短期下滑的积极应对，更是要通过激发民营企业的活力，增强经济发展的内生动力，进一步释放内 需潜力。 制造业韧性强劲 在我国固定资产投资中，基建、制造业与房地产长期占据主导地位。国有部门高度集中于基建，而民间资本则主要在 ...

Core Viewpoint - The company has received over ten million yuan in orders related to the CR450 train set and anticipates significant revenue growth in the coming years, particularly in the carbon fiber product market [1] Group 1: Orders and Revenue Growth - The company has secured orders exceeding ten million yuan for the CR450 train set, which includes various vibration damping components [1] - The company expects to achieve a revenue increase to the scale of hundreds of millions of yuan over the next three years by focusing on expanding its market for new products like carbon fiber [1] Group 2: Production Capacity and Investment - In response to the anticipated demand from the mass production of the CR450, the company is upgrading its traditional vibration damping industry while simultaneously increasing investment in carbon fiber products [1] - The company is proactively allocating production capacity resources to ensure the smooth delivery of future orders [1]

Core Viewpoint - The Japanese stock market experienced significant declines in tourism-related stocks following a travel advisory from China's Ministry of Culture and Tourism, recommending Chinese tourists avoid traveling to Japan due to safety concerns stemming from recent political tensions [1][2]. Group 1: Stock Market Impact - Multiple tourism-related stocks in Japan saw substantial drops, with Shiseido, a major beauty company reliant on Chinese consumers, falling by 11% [1]. - The parent company of Mitsukoshi and Isetan department stores, Mitsukoshi Isetan Holdings, experienced a decline of over 10% [1]. - Oriental Land Company, the operator of Tokyo Disneyland, saw its stock decrease by 4.74%, while All Nippon Airways (ANA) dropped by 3.48% [1]. - Other companies in the railway, retail, and hotel sectors, such as Hankyu Hanshin Holdings, also faced declines exceeding 2% [1]. Group 2: Tourism Statistics - Preliminary data from the Japan National Tourism Organization indicates that nearly one-fifth of international visitors to Japan in 2024 are expected to come from China, amounting to approximately 7 million people [1]. Group 3: Government Advisories - On November 14, the Chinese Ministry of Foreign Affairs issued a travel advisory highlighting risks for Chinese citizens in Japan due to provocative remarks from Japanese leaders regarding Taiwan, further advising against travel to Japan [1][2]. - The Chinese Ministry of Education also released a warning regarding studying in Japan, suggesting that citizens carefully plan their study arrangements [2].

Group 1 - The core viewpoint of the news is that 雷尔伟 (Railway Technology Co., Ltd.) is experiencing fluctuations in its financing activities and stock performance, with a notable decrease in net buying and a high financing balance relative to its market value [1][2] - As of November 14, 雷尔伟's financing balance is 164 million yuan, accounting for 3.84% of its circulating market value, which is above the 90th percentile level over the past year, indicating a high financing level [1] - The company reported a revenue of 252 million yuan for the first nine months of 2025, reflecting a year-on-year growth of 5.66%, while the net profit attributable to shareholders decreased by 3.09% to 44.73 million yuan [2] Group 2 - 雷尔伟 has distributed a total of 178 million yuan in dividends since its A-share listing, with 160 million yuan distributed over the past three years [3] - The number of shareholders as of September 30 is 11,700, which is a decrease of 14.61% from the previous period, while the average circulating shares per person increased by 17.11% to 17,770 shares [2]

Core Insights - In October, the industrial added value of large-scale enterprises increased by 4.9% year-on-year, a decline of 1.6 percentage points compared to September. For the period from January to October, the industrial added value grew by 6.1% [1] - The manufacturing Purchasing Managers' Index (PMI) for October was 49.0%, down 0.8 percentage points from the previous month, indicating a contraction in manufacturing activity [1] - Among the three major sectors, mining added value grew by 4.5%, manufacturing by 4.9%, and the production and supply of electricity, heat, gas, and water by 5.4% in October [1] Economic Type Analysis - In October, state-owned enterprises saw a 6.7% year-on-year increase in added value, while joint-stock enterprises grew by 5.2%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises by 4.0%, and private enterprises by 2.1% [2] High-tech Manufacturing Insights - High-tech manufacturing added value increased by 7.2% year-on-year in October, surpassing the overall industrial added value growth by 2.3 percentage points. Cumulatively, from January to October, high-tech manufacturing added value rose by 9.3% [3] Industry Performance - Out of 41 major industries, 29 reported year-on-year growth in added value in October. Notable growth was seen in the automotive manufacturing sector at 16.8%, transportation equipment manufacturing at 15.2%, electrical machinery and equipment manufacturing at 4.9%, and computer, communication, and other electronic equipment manufacturing at 8.9% [5] - The decline in industrial production momentum in October is attributed to the fading impact of short-term factors from September and a decrease in export growth, which is expected to affect industrial production [5] Policy and Economic Outlook - The National Development and Reform Commission announced that 500 billion yuan in new policy financial tools have been fully allocated, supporting 2,300 projects with a total investment of approximately 7 trillion yuan. Additionally, 500 billion yuan in special bonds have been allocated to support local investment projects [6] - Analysts predict a potential slight rebound in exports in November, supported by fiscal policies aimed at stabilizing growth, which may bolster industrial production [6] - The economic growth momentum is expected to shift from manufacturing to services, marking a significant change from the previous year [6] - Despite supportive policies, challenges remain with a persistent imbalance between strong supply and weak demand, alongside pressures from slowing exports and rising base effects [6][7]

《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》)近日出台，提出了13项政策举措，从扩大准入、打通堵点、 强化保障三个主要方面，支持民间资本参与重点领域投资、支持民间资本更多投向生产性服务业领域。政策措施力求畅通民营企业 投资渠道、破解民间投资发展堵点、积极支持民营企业扩大有效投资。 重点领域项目民间资本持股比例可超10% 《若干措施》提出，铁路、核电、水电等重点领域项目，鼓励支持民间资本参与，并明确民间资本持股比例可在10%以上。政策既 明确了可参与的重点领域，并量化了具备条件的项目持股比例。 民间投资在多领域将有更多准入机会 国家发展改革委投资司副司长关鹏表示，比如近年来，持续推动核电等重大项目引入民间资本，有的核电项目最高参股比例已达 20%。 中国民营经济研究会常务理事李志起表示，这些数字化的目标比以前更加精准和到位。在产业的发展方向上，向低空经济、商业航 天这些新兴的新的生产力领域都鼓励民营企业来大胆的进入。可以说，口开得更宽，民营企业的获得感会更强。 开放领域延伸至"高精尖"科研创新领域 开放领域还延伸到"高精尖"科研和创新领域，从实体经济延伸到服务业。 支持民间资本有序流向高价值服 ...

中国商报（记者 王彤旭）民间投资是稳增长、调结构、促就业的重要支撑力量。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》（以下简称若干措施），提出13项针对性政策举措。 国家发展和改革委员会经济体制与管理研究所副所长、研究员祁玉清表示，"民间投资13条"锚定当前民间投资的痛点堵点精准破题，深度契合国家战略方 向，不仅为民间资本注入强劲信心，更构筑起民间投资持续健康发展的坚实框架。 若干措施提出，引导民间资本有序参与低空经济、商业航天等领域建设。图为山东临沂云一家航空科技公司的工程师正在调试飞机。（图片由CNSPHOTO 提供） 扩大准入强化保障 在市场准入方面，若干措施明确，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。 "从扩大准入层面来看，政策 ...

新华社记者 余春生摄 国家发展改革委固定资产投资司副司长关鹏介绍，《若干措施》提出了13项政策举措，可归纳为扩大准 入、打通堵点、强化保障三个方面。 在扩大准入方面，针对民间投资面临的部分领域市场准入难问题，《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 近来，三一智造基地等一批民间投资重点项目如火如荼推进，持续为湖南经济社会发展注入新动能。图 为湖南省长沙市三一智联重卡产业园内的生产场景。 导民间资本有序参与低空经济、商业航天等领域建设，加快公布向民营企业开放的国家重大科研基础设 施清单并动态更新，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。 在打通堵点方面，针对民营企业面临的权益保障、创新支撑不足问题，《若干措施》提出，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；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 ...

Core Viewpoint - The newly implemented measures aim to promote private investment in China by expanding access, addressing bottlenecks, and strengthening support mechanisms for private capital participation in key sectors [1][4][6]. Group 1: Key Areas for Private Investment - The measures encourage private capital participation in state-led sectors such as railways, nuclear power, hydropower, oil and gas pipelines, and water supply, allowing for a shareholding ratio of over 10% for eligible projects [4][6]. - The government plans to enhance policies for private capital in the energy sector, focusing on long-term mechanisms for private participation in major projects [6][39]. Group 2: Support for High-Value Services and Innovation - The initiative extends to high-tech research and innovation sectors, promoting private investment in industrial design, common technology services, inspection, and quality certification [9][11]. - The government aims to support the transformation of manufacturing services, encouraging private enterprises to explore pathways for service-oriented manufacturing [9][11]. Group 3: Infrastructure REITs and Financing Channels - The government has been actively supporting the issuance of infrastructure REITs for eligible private investment projects, with 14 projects already listed, raising nearly 30 billion yuan [12][14]. - The measures aim to broaden financing channels for private enterprises, facilitating a virtuous cycle of investment and financing [14][42]. Group 4: Development of Pilot Platforms - The government has issued a notification to accelerate the establishment of high-level pilot platforms in manufacturing, targeting key industries and sectors [15][18]. - There are over 2,400 pilot platforms established, with 241 prioritized for development, supporting nearly 25,000 service projects [21][22]. Group 5: Policy Clarity and Institutional Support - The new measures provide clear guidelines for private enterprise participation in major projects, including specific requirements for feasibility studies [28][32]. - The government emphasizes the importance of precise and actionable policies to enhance private sector engagement in critical areas [35][39]. Group 6: Comprehensive Financing Services - The government plans to create a national comprehensive financing service platform to improve the efficiency of investment and financing for private enterprises [40][44]. - Enhanced collaboration with various funding channels and financial services is expected to increase the effectiveness of policies promoting private investment [42][44].

Core Viewpoint - The newly implemented measures aim to promote private investment in China by expanding access, addressing bottlenecks, and strengthening support in key sectors, particularly in infrastructure and energy [1][3][30]. Group 1: Key Areas of Investment - The measures encourage private capital participation in state-led sectors such as railways, nuclear power, hydropower, and oil and gas pipelines, allowing private ownership stakes of over 10% in qualifying projects [3][30]. - The government plans to enhance policies for private capital in the energy sector, focusing on long-term mechanisms for private enterprises to engage in major projects like nuclear and hydropower [6][30]. - There is an extension of investment opportunities into high-tech research and innovation sectors, as well as services, with a focus on industrial design and quality certification [9][30]. Group 2: Infrastructure REITs and Financing - The National Development and Reform Commission (NDRC) supports the issuance of infrastructure REITs for private investment projects, with 18 projects recommended to the China Securities Regulatory Commission, and 14 of these having raised nearly 30 billion yuan [11][30]. - The NDRC aims to facilitate more private investment projects in infrastructure REITs to enhance financing channels and promote a positive investment cycle [12][30]. Group 3: Manufacturing and Pilot Platforms - The government has announced plans to accelerate the establishment of high-level pilot platforms in manufacturing, targeting key industries and addressing critical issues in platform construction [13][16]. - By 2027, a modernized network of pilot platforms is expected to be established, with over 2,400 platforms already in place, serving nearly 10,000 enterprises [16][30]. - The measures encourage private enterprises to build significant pilot platforms with strong industry influence, promoting collaboration with state-owned enterprises and research institutions [21][30]. Group 4: Policy Precision and Support - The new measures clarify previous ambiguous policies, specifying that private capital can exceed 10% ownership in certain projects, thus enhancing the clarity and precision of investment opportunities [29][30]. - The NDRC will utilize various funding channels and financial services to enhance the effectiveness of policies promoting private investment, including government procurement support for small and medium enterprises [34][30].