China News Service, November 7th. The National Development and Reform Commission issued an opinion on the 7th on further improving the policy environment and increasing efforts to support the development of private investment.
The opinion proposes to increase policy support for private investment project financing.
Strengthen the sharing and application of enterprise-related credit information, guide financial institutions to make accurate credit profiles of private enterprises, and objectively and reasonably judge enterprise risks.
Establish and improve the social capital investment and financing cooperation docking mechanism, and build a platform that is conducive to the communication between private investment projects and financial institutions through various methods such as project docking meetings.
Give full play to the role of government financing guarantee institutions, provide financing guarantee support for eligible private investment projects in the transportation, catering, accommodation, and tourism industries in accordance with the principle of marketization, and expand the scale of financing guarantee business for private enterprises.
The opinion also proposes to guide financial institutions to actively support private investment projects.
Encourage financial institutions to actively support private investment projects by renewing loans, extending loan periods, and adjusting repayment arrangements in accordance with market-oriented principles, so as to avoid the normal construction of projects due to loan withdrawal and loan termination.
Improve the bond financing support mechanism for private enterprises, and increase support for private enterprises to issue debt financing.
Guide financial institutions to innovate financial products and services, reduce loan interest rates and financing-related expenses for private enterprises, and increase support for eligible private investment projects.
Urge financial institutions to exempt private enterprise bond financing transaction fees.
(Zhongxin Finance)