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 ...

中国国务院办公厅近日印发的《关于进一步促进民间投资发展的若干措施》(下称《若干措施》)提出， 民间资本参与核电等重点领域项目持股比例可在10%以上。国家发改委固定资产投资司副司长关鹏11日 在北京表示，这充分释放了促进民间投资发展的信号。 关鹏在国家发改委当天举行的专题新闻发布会上说，上述政策聚焦重点领域，文件中明确提到需报国家 审批(核准)的铁路、核电等领域，政策范围是明确的。这些领域项目主要为基础性、公益性、长远性项 目，其中有些项目具有一定收益，民间资本有参与意愿。 对于上述重点领域项目，《若干措施》提及，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。关鹏表示，这就要求在项目前期工作阶段即研究论证引入民间资本事宜，为 民间资本提供更多参与机会。 他并指出，考虑到不同领域的具体项目差异较大，民营企业参与意愿和能力各有不同，因此在每一个重 大项目引入民间资本时，应结合项目实际、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。对于一些具备条件的项目，持股比例可在10%以上。如近年来有关方面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%。 关鹏同 ...

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 Chinese government has introduced a series of measures to promote private investment, addressing barriers and enhancing market access for private enterprises, particularly in infrastructure and high-tech sectors [3][4][5]. Summary by Sections Market Access Expansion - The new measures allow private capital to hold more than 10% in certain state-approved projects, including railways and nuclear power, and encourage participation in low-altitude economy infrastructure [3][6]. - The government aims to eliminate unreasonable entry restrictions in the service industry and strictly enforce bidding regulations to prevent additional conditions for private enterprises [3][4]. Addressing Investment Challenges - Private investment has been declining, with a 0.1% year-on-year decrease in 2024 and a 3.1% drop from January to September 2025 [4]. - The measures directly tackle issues such as market entry barriers, financing difficulties, and discrimination in bidding processes, signaling strong support for the private economy [4][5]. Specific Policy Features - The measures represent a shift from encouragement to mandatory participation in specified sectors, providing detailed pathways and quantitative standards for private investment [4][5]. - The inclusion of high-tech fields like low-altitude economy and commercial aerospace indicates a strategic move to involve private enterprises in future industrial growth [9]. Fair Competition Environment - The measures aim to create a fair competitive environment by removing discriminatory practices in public project bidding and ensuring that private enterprises can participate without excessive restrictions [10][11]. - Specific provisions are made to enhance government procurement support for small and medium-sized enterprises, mandating that at least 40% of certain project budgets be reserved for them [12]. Financial Support Mechanisms - The government plans to increase support for private investment projects through central budget investments and policy financial tools, addressing the capital needs of private enterprises [14][15]. - Measures include promoting a comprehensive service platform for financing and enhancing access to loans for private enterprises, aiming to create a closed-loop system for investment [14][15].

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 company is actively expanding its nuclear power business, particularly in the area of controlled nuclear fusion, by leveraging its existing technological, market, and management resources [1] Group 1: Company Initiatives - The company has increased its research and development investment in the field of nuclear fusion [1] - A framework agreement has been signed with authoritative research institutions in the domestic nuclear fusion sector to jointly develop large low-temperature pump products, which are essential for controlled nuclear fusion [1] Group 2: Market Positioning - The company emphasizes the importance of controlled nuclear fusion as a significant development direction in the nuclear power industry [1] - The company is committed to actively exploring business opportunities related to controlled nuclear fusion [1]

Core Insights - The company holds a civil nuclear safety manufacturing license (Nuclear Safety Level 2 and 3) [1] - The company has established long-term cooperative relationships with major players in the nuclear industry, including China National Nuclear Corporation (CNNC), China General Nuclear Power Group (CGN), Framatome, Pall Corporation, and Electricité de France (EDF) [1] - The company is involved in multiple domestic and international nuclear power projects, covering various reactor technologies such as Generation II+, III, III+, and IV [1]

Core Points - The National Development and Reform Commission (NDRC) introduced measures to promote private investment, allowing private capital to hold over 10% in key projects requiring national approval [1][2] - The measures emphasize the importance of private capital participation in sectors like railways, nuclear power, and hydropower, which are characterized by their foundational, public, and long-term nature [2] Summary by Categories Policy Overview - The first measure allows private capital to participate in key projects with a holding ratio of over 10%, specifically in sectors that require national approval [1] - The NDRC aims to encourage private investment by providing clear guidelines and support for participation in these critical areas [1] Key Focus Areas - The policy targets specific sectors such as railways, nuclear power, and hydropower, which are essential for infrastructure development and have potential returns [2] - Emphasis is placed on projects that are both foundational and have a certain level of profitability, aligning with private investors' interests [2] Implementation Guidelines - A requirement for specialized feasibility studies to assess the viability of private capital participation in these projects is established [2] - The policy encourages consideration of the actual conditions of each project, including the willingness and capability of private enterprises to participate [2] Investment Potential - For projects that meet specific conditions, the holding ratio for private capital can exceed 10%, with examples indicating that some nuclear projects have reached a participation rate of 20% [2]

Core Viewpoint - The National Development and Reform Commission (NDRC) has introduced measures to stimulate private investment amid a slowdown influenced by international conditions and real estate market adjustments [3][4]. Group 1: Current Investment Trends - Private investment has slowed this year, but excluding real estate development, private project investment grew by 2.1% year-on-year in the first three quarters, indicating stable growth [3]. - Infrastructure private investment increased by 7% year-on-year, while manufacturing private investment rose by 3.2%, showing a positive development trend [3]. Group 2: New Measures for Private Investment - The newly released "Several Measures to Further Promote Private Investment" includes 13 policy initiatives categorized into three areas: expanding access, addressing bottlenecks, and strengthening support [4][5]. - To expand access, the measures encourage private capital participation in key sectors like railways and nuclear power, and promote involvement in urban infrastructure projects with profit potential [4]. - The measures also aim to facilitate private capital's participation in low-altitude economy and commercial space sectors, and support private enterprises in undertaking major national technological tasks [4]. Group 3: Addressing Bottlenecks - The measures address issues faced by private enterprises, such as rights protection and insufficient innovation support, by enhancing regulatory oversight of network infrastructure and ensuring legal rights in resource allocation [5]. - Support for private enterprises includes the establishment of major pilot platforms and the provision of market-oriented trial services from state-owned enterprises and research institutions [5]. Group 4: Strengthening Financial Support - The measures propose increasing central budget investments for qualifying private investment projects and utilizing new policy financial tools to support key industries and sectors [5]. - Initiatives also focus on meeting the reasonable credit needs of private enterprises and facilitating financing for technology-driven companies through streamlined processes [5].

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].