Core Viewpoint - The Chinese government is actively promoting policies to enhance the development of private enterprises and private investment, with a focus on expanding the service industry and facilitating private capital participation in key sectors such as railways and nuclear power [1][3][5]. Group 1: Policy Initiatives - The National Development and Reform Commission (NDRC) has introduced 13 measures aimed at stimulating private investment, including expanding market access and ensuring fair competition [2][3]. - The measures emphasize the need for special feasibility studies to assess private capital participation in projects requiring state approval, particularly in sectors with potential returns [4][5]. - The government aims to create a better environment for private enterprises by integrating modern services with advanced manufacturing and modern agriculture [1][9]. Group 2: Investment Trends - Private investment has shown a stable growth of 2.1% year-on-year in the first three quarters of the year, excluding real estate development [2]. - The government acknowledges existing challenges in private investment, such as market access barriers and financing difficulties, and is addressing these through targeted policies [6][8]. Group 3: Focus Areas for Private Capital - The measures encourage private capital to participate in high-value service sectors, including industrial design, quality certification, and digital transformation [9][10]. - The NDRC is committed to enhancing the quality and efficiency of the service industry, which is seen as a crucial component of national economic development [1][10]. Group 4: Implementation Strategies - The government plans to support private enterprises in participating in significant projects and to streamline the approval process for private investment in infrastructure and public services [6][7]. - There is a focus on building digital platforms and providing market-oriented services to support private enterprises in their innovation and growth efforts [7][10].

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the significant potential of private capital in driving economic growth and innovation, particularly in the context of the newly released measures to promote private investment [1][2]. Group 1: Private Investment Growth - Private investment is a crucial indicator of economic activity, with a 2.1% year-on-year growth in private project investment excluding real estate in the first three quarters of the year [1]. - Infrastructure private investment has increased by 7% year-on-year, while manufacturing private investment has grown by 3.2%, indicating a stable growth trend [1]. Group 2: Encouragement for High-Value Sectors - The NDRC plans to encourage private enterprises to enter high-value sectors such as technology services, focusing on areas like industrial design and quality certification [3]. - The integration of technological and industrial innovation is highlighted as a critical area for private enterprises to excel [2]. Group 3: Support for Investment Projects - The NDRC aims to facilitate more private investment projects to go public, having already recommended 18 projects to the China Securities Regulatory Commission (CSRC), with 14 successfully listed, raising nearly 30 billion yuan [5]. - A comprehensive service platform for investment and financing will be established to enhance the efficiency of capital allocation to private enterprises [7]. Group 4: Government Procurement and Support for SMEs - The NDRC has reinforced policies to support small and medium-sized enterprises (SMEs) through government procurement, mandating that over 40% of certain project budgets be reserved for SMEs [6]. - Local governments are encouraged to increase the reserved share for SMEs in procurement projects [6]. Group 5: Financial Support and Credit Access - Banks are instructed to optimize approval processes and enhance direct access to credit for small and micro enterprises, with a focus on improving financial service levels [7]. - The NDRC is promoting a "credit innovation points system" to better allocate financial resources to technology-driven enterprises [7]. Group 6: Infrastructure REITs and Investment - The NDRC has recommended a total of 105 infrastructure REITs projects to the CSRC, with 83 already listed, raising a total of 207 billion yuan, which is expected to drive over 1 trillion yuan in new project investments [9]. - The introduction of private capital into major projects, such as nuclear power, has seen participation rates of up to 20% [8]. Group 7: Policy Financial Tools - As of October 29, 2023, the NDRC has fully allocated 500 billion yuan in new policy financial tools to support eligible private investment projects [10].

Group 1 - The core viewpoint of the article emphasizes the significant investment opportunities for private capital in various sectors, particularly in productive service industries and digital transformation [1][2][3] - The "Several Measures" document encourages private capital to invest in high-value service industries such as industrial design, common technology services, inspection and testing, and quality certification [2] - The government plans to implement actions to enhance service capacity and quality, focusing on guiding private enterprises to explore paths for service-oriented manufacturing [2][3] Group 2 - Digital transformation is expanding from consumer internet to industrial internet, creating new investment demands and opportunities [3][4] - The government aims to deepen digital transformation projects and build a supportive ecosystem for data management and digital infrastructure [3][4] - Innovative models for data governance and software deployment are being explored to facilitate digital transformation, including profit-sharing agreements based on contract terms [4] Group 3 - The article discusses the need for market-oriented reforms in the energy sector to create a favorable environment for private investment [5][6] - The "Several Measures" document opens up investment opportunities in nuclear power, hydropower, and other energy sectors for private enterprises [6] - The government is committed to enhancing the regulatory framework and ensuring the legal rights of private companies in energy investments [6]

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the significant potential of private capital in driving economic growth, stabilizing employment, and enhancing market expectations, particularly in the context of the newly released measures to promote private investment [2][3]. Group 1: Private Capital Opportunities - Private investment is a crucial indicator of economic activity, with a 2.1% year-on-year growth in private project investment excluding real estate in the first three quarters of the year [3]. - Infrastructure private investment has increased by 7% year-on-year, while manufacturing private investment has grown by 3.2%, indicating a stable growth trend [3][5]. - The integration of technological and industrial innovation highlights the importance of the pilot testing phase, presenting a timely opportunity for private enterprises to engage in high-value sectors [5][6]. Group 2: Encouragement for High-Value Sectors - The NDRC plans to implement actions to enhance the capacity and quality of the service industry, specifically encouraging private capital to flow into high-value service sectors such as industrial design and quality certification [7][8]. Group 3: Support for Investment Projects - The NDRC aims to facilitate the issuance of more qualified private investment projects by collaborating with the China Securities Regulatory Commission (CSRC), thereby broadening financing channels for private enterprises [9][10]. - As of now, 18 private investment projects have been recommended to the CSRC, with 14 projects successfully listed, raising nearly 30 billion yuan [9][10]. Group 4: Government Procurement Support - The recent measures enhance government procurement support for small and medium-sized enterprises (SMEs), mandating that at least 40% of the budget for suitable engineering procurement projects exceeding 4 million yuan be reserved for SMEs [11][12]. Group 5: Financial Support and Credit Access - The NDRC is working with financial regulators to streamline credit approval processes for small and micro enterprises, ensuring that financial services meet the needs of private enterprises [13][14]. - A national investment and financing service platform is being developed to improve the efficiency of credit resource allocation to private enterprises [14]. Group 6: Participation in Major Projects - The NDRC has successfully introduced private capital into significant projects, with some nuclear power projects allowing up to 20% private capital participation [15][16]. Group 7: Infrastructure REITs Projects - The NDRC has recommended a total of 105 infrastructure REITs projects to the CSRC, with 83 projects already listed, raising a total of 207 billion yuan and expected to drive over 1 trillion yuan in new project investments [17][18]. Group 8: Policy Financial Tools - As of October 29, 2023, the 500 billion yuan new policy financial tool funds have been fully allocated, supporting qualified private investment projects and facilitating their implementation [19].

Group 1 - The Chinese government will implement multiple measures to promote private investment development [1] - Central budget investment will be utilized to actively support eligible private investment projects [1] - A national investment and financing comprehensive service platform will be established to enhance connectivity with national financing credit service platforms, ensuring more precise credit resource allocation to private enterprises [1] Group 2 - Policies will be enhanced to attract private capital into the energy sector, including nuclear power, hydropower, and cross-regional direct current transmission projects [3] - Continuous deepening of energy market reform will be pursued to accelerate the establishment of a unified national energy market system, improving mechanisms and regulatory frameworks for private enterprise participation in energy investments [3] Group 3 - Digital transformation will be leveraged to further promote private investment, with the construction of a comprehensive digital empowerment platform [5] - The collaborative transformation of the industrial chain will drive small and medium-sized enterprises into the transformation ecosystem, expanding new effective investment spaces [5]

Core Points - The National Development and Reform Commission (NDRC) emphasizes the vast development space for the productive service industry during the 14th Five-Year Plan period, aiming to support private capital to flow into high-value service sectors [1] - The NDRC highlights the natural alignment between private enterprises and the productive service industry due to the former's market proximity, flexible mechanisms, and the latter's strong professionalism, high integration, and active innovation [1] - Future support will focus on key areas such as industrial design, common technology services, inspection and testing, and quality certification, encouraging private enterprises to explore service-oriented paths in manufacturing [1] - The NDRC's Deputy Director of the Industry Development Department, Li Chunfang, calls for various business entities to create brands in the productive service industry and to implement the industrial structure adjustment guidance directory [1] Summary by Categories Industry Development - The NDRC indicates a strong push for the productive service industry, with a focus on high-value sectors during the 14th Five-Year Plan [1] - There is an emphasis on the need for private enterprises to delve deeper into industry demands and develop competitive, specialized service brands [1] Private Sector Engagement - The NDRC plans to guide private capital into sectors such as industrial design and quality certification, which are seen as critical for enhancing the service industry's value chain [1] - The initiative aims to foster a service-oriented approach in manufacturing, aligning with the characteristics of private enterprises [1]

【导读】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》 盘后又有大利好！ 11月10日，中国政府网显示，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》（以下简称《若干措施》），提出13项针对性政策举措，意 在进一步激发民间投资活力、促进民间投资发展。 扩大准入方面，《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；对具备条件的项目，民间资本持股比例可在10%以上。 《若干措施》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领域 基础设施建设，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。 《若干措施》提到，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。 打通堵点方面，《若干措施》要求，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 ...

【导读】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》 中国基金报记者 晨曦 盘后又有大利好！ 11月10日，中国政府网显示，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》（以下简称《若干措施》），提出13项针对性政策举措，意在进一步激发民间投资活 力、促进民间投资发展。 扩大准入方面，《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；对具备条件的项目，民间 资本持股比例可在10%以上。 《若干措施》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领域基础设施建设，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。 《若干措施》提到，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。 打通堵点方面，《若干措施》要求，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 ...

13项针对性政策举措出台。 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。 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 ...

Core Viewpoint - The "14th Five-Year Plan" emphasizes the high-quality and efficient development of the service industry, marking a new stage of quality improvement and innovation integration in China's service sector [1][2]. Group 1: Expansion and Quality Improvement of the Service Industry - The service industry in China is set to expand and improve significantly, driven by structural changes such as increased GDP per capita, accelerated industrial transformation, and rising urbanization rates [2]. - The plan proposes actions to enhance the quality and capacity of the service industry, which will help reshape the economic ecosystem and better meet the needs of the population [2]. - The two main pillars of the service industry, productive and life services, are identified as "dual engines" for this expansion, with a focus on upgrading productive services to support industrial transformation and enhancing life services for public welfare [2][3]. Group 2: Continuous Expansion of Open Sectors - Expanding the openness of the service industry is crucial for its high-quality development, with the plan suggesting alignment with international trade rules to enhance market access [4][6]. - In the first nine months of this year, actual foreign investment in the service sector reached 410.93 billion yuan, accounting for over 70% of total foreign investment [4]. - The plan highlights the need to further open sectors such as telecommunications, biotechnology, and education, aiming to boost foreign investment and enhance the service industry's global competitiveness [4][6]. Group 3: Enhancing Integration Development Levels - The integration of modern services with advanced manufacturing and modern agriculture is a key trend, aimed at driving industrial transformation and enhancing core competitiveness [7]. - The dynamic process of integrating modern services with advanced manufacturing is expected to foster innovation and improve service quality, thereby promoting new production capabilities [7][8]. - The development of service-oriented manufacturing has shown initial advantages, with continuous improvement in the sector's development index from 2018 to 2023 [8].