In response to the question of “what considerations and measures will be taken in promoting private investment and optimizing the development environment of the private economy” on May 18, Jin Xiandong, director of the Policy Research Office and spokesperson of the National Development and Reform Commission, responded on the 18th, saying that we must focus on doing a good job. Four aspects of work: broaden the investment space of private enterprises; increase financing support; support private enterprises to participate in major national strategies; do a good job in the demonstration of private economic development.
Among them, in terms of increasing financing support, we will further support the issuance of bonds by private enterprises, increase the promotion of the "Xinyi Loan" model, and strive to solve the financing problems of private enterprises.
The National Development and Reform Commission held a press conference on the 18th. Some reporters asked questions. The Politburo meeting held on April 30 pointed out that it is necessary to promote the recovery of manufacturing investment and private investment as soon as possible. The next step will be to promote private investment and optimize the development environment of the private economy. What are the considerations and measures?
"The private economy is an important part of China's economy. Continuously optimizing the development environment of the private economy and stimulating the vitality and creativity of private enterprises are of great significance to accelerating the construction of a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles mutually promoting each other." Jin Xiandong pointed out that the National Development and Reform Commission, as the lead agency supporting the reform and development of private enterprises, will strengthen policies in accordance with the decisions and deployment of the Party Central Committee and the State Council, and in accordance with the requirements of the "Opinions of the Central Committee of the Communist Party of China and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises" The implementation will implement the various tasks of supporting the reform and development of private enterprises, and create a better development environment to support the reform and development of private enterprises.
Jin Xiandong introduced that the following four aspects should be highlighted in the specific work:
The first aspect is to expand the investment space of private enterprises.
The first is to further improve the policy of supporting social capital participation, and make good use of the long-term mechanism for recommending projects to private capital.
The second is to promote the government and social capital cooperation (PPP) model in a standardized and orderly manner, play the leading role of government funds, and attract private capital to participate in the construction of municipalities, transportation, ecological environment, and social undertakings to make up for shortcomings.
The third is to further improve the mixed-ownership reform policy, accelerate the implementation of the mixed-ownership reform pilot program, and give greater support to private enterprises to participate in the mixed-ownership reform.
The fourth is to thoroughly implement specific measures to support the development of private enterprises in areas such as transportation infrastructure, environmental protection, and the circulation of fresh agricultural products, and strive to lower the barriers to entry for private enterprises in the market.
The second aspect is to increase financing support.
First, continue to support the marketization and legalization of debt-to-equity swaps for private enterprises to help private enterprises tide over difficulties.
The second is to further support the issuance of bonds by private enterprises, increase the promotion of the "Xinyi Loan" model, and strive to solve the financing problems of private enterprises.
The third is to steadily carry out pilot projects for real estate investment trust funds (REITs) in the infrastructure sector, effectively revitalize the stock of infrastructure assets, attract various types of funds to participate, and form a virtuous circle of stock assets and new investment.
The third aspect is to support private enterprises to participate in major national strategies.
The first is to strengthen exchanges and cooperation with key countries and regions in the field of industry and commerce and their organizations in China, further improve relevant support policies, and continue to support and guide private enterprises to participate in the construction of the "Belt and Road".
The second is to support private enterprises to be demand-oriented, actively invest in the construction of centralized or distributed new energy, large-capacity energy storage facilities, and carry out the construction of demonstration projects of "integration of wind, water, and fire storage" and "integration of source, network, and load storage". Chemical commercialization promotes a significant improvement in the performance of key technologies and a significant reduction in costs, playing an important role in achieving carbon peak and carbon neutrality.
The fourth aspect is to do a good job in the demonstration of private economic development.
Implement the spirit of the Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China, combine work related to supporting the healthy development of the non-public economy and the healthy growth of people from the non-public economy, and carry out work related to demonstration cities for the private economy. Promote the development of the national private economy to play a guiding and demonstrative effect.
Jin Xiandong pointed out that, in addition, the National Development and Reform Commission will play a leading role, continue to improve the working mechanism, establish a ledger system, and promote relevant departments to significantly relax market access such as social undertakings and financial services, break down hidden barriers in bidding, and improve Banking financial institution service system, establishment of government credit performance mechanism, establishment of private economic statistics system and other key areas, issue precise policy documents, highlight the rigidity of policy implementation, and ensure that various tasks to support the reform and development of private enterprises are implemented.