Expanding effective investment is an important starting point for stabilizing the economy, adjusting the structure, and making up for shortcomings. According to the latest data released by the State-owned Assets Supervision and Administration Commission, since the beginning of this year, central enterprises have focused on their main business, and have continued to make efforts to expand effective investment, optimize investment layout, and accelerate the development of strategic emerging industries, with a cumulative investment (excluding real estate) of more than 3500 billion yuan in the first two months, a year-on-year increase of 5.6%.
The rapid implementation of major projects is the key to effectively driving investment growth. In 2023, there will be more than 900 key fixed asset investment projects under construction or proposed by central enterprises, covering major engineering projects listed in the national "1th Five-Year Plan", national key plan projects issued by relevant departments, and projects supporting the strategic development of enterprises themselves, etc., and the investment completed from January to February exceeded 2 billion yuan.
Shang Peng, deputy director of the Planning and Development Bureau of the State-owned Assets Supervision and Administration Commission, said that from the perspective of investment direction, the investment of central enterprises mainly focuses on developing the real economy, strengthening the capacity building of key basic industries, and continuing to maintain a high level in the fields of energy resources, food security, backbone networks and information security.
According to reports, since the beginning of this year, central enterprises have promoted the digital, intelligent and green transformation and upgrading of traditional industries such as steel, building materials and petrochemicals with effective investment, and at the same time forged long boards in the fields of 5G, rail transit and advanced nuclear energy to improve the resilience and safety level of the industrial chain and supply chain.
On March 3, China's first deep-sea floating wind power platform "CNOOC Guanlan" set sail for Wenchang Sea in Zhuhai, Guangdong, marking significant progress in China's key offshore wind power technology. The Huanglong pumped storage power station in Gansu Province, invested and constructed by CNNC, has also started construction smoothly recently, with a total investment of 26.153 billion yuan and a total designed installed capacity of 210.<> million kilowatts.
Seize the opportunity of infrastructure investment moderately ahead of schedule, and a number of advanced technology-oriented engineering projects have been started and put into operation. For example, the third phase of China Mobile's Harbin data center, which is the central node of China Mobile's computing power network in the northeast region, is accelerating. In the future, it will be built into a technologically advanced, green and energy-saving, safe and reliable, world-class data center, an important carrier for the construction of northern data centers, and a "new foundation" for the development of Longjiang's digital economy.
The State-owned Assets Supervision and Administration Commission said that in the next step, it will carry out market-oriented mergers and acquisitions and restructuring around improving the overall competitiveness of the industrial chain, improve the layout in the fields of industrial mother machines and basic software, accelerate the realization of independent and controllable in important fields and key nodes, and improve the overall efficiency of the state-owned economy.
The State-owned Assets Supervision and Administration Commission of the State Council recently issued the Notice on Matters Related to Further Expanding Effective Investment in Central Enterprises in 2023 (hereinafter referred to as the "Circular"), requiring that central enterprises should focus on key areas such as major national projects, infrastructure construction, cultivation and expansion of strategic emerging industries, and strengthening the industrial chain to supplement the chain, and clarify the main direction of expansion of effective investment.
The Circular clarifies the investment priorities of central enterprises in 2023, on the one hand, it is necessary to highlight the expansion of effective investment. Enterprises are required to boost confidence in development, put stable investment in a more important position, scientifically and rationally arrange the scale of investment, and accelerate the start of project construction in accordance with the project promotion and continuation mechanism of "stepping up the implementation of a batch, systematically planning a new batch, and studying and reserving a batch in advance", striving to achieve the set task goals, and effectively driving the investment of the whole society.
On the other hand, it is necessary to optimize the direction of investment layout. Focus on key areas such as major national projects, infrastructure construction, and strengthening the industrial chain to supplement the chain, promote enterprises to increase investment in cultivating and expanding strategic emerging industries, promoting the transformation and upgrading of traditional industries, strengthening the security of energy resources, and forming a virtuous cycle of "science and technology-industry-finance", and layout and implement a number of major projects that make up for shortcomings, strengthen functions, benefit the long term, and benefit people's livelihood.
At the same time, enterprises are required to properly handle the relationship between "promotion" and "stability", strengthen risk management and control in key areas, improve the risk prevention mechanism of the whole process, prevent one-sided pursuit of short-term results in expanding investment, and maintain the bottom line of no major risks.
At present, the State-owned Assets Supervision and Administration Commission is studying the formation of a series of policy "combination fists" to support enterprises to expand effective investment. At the same time, organize enterprises to scientifically prepare investment plans, determine the scale of investment household-by-household, strengthen the monitoring and analysis of investment conditions, promote the orderly progress of key enterprises and key projects according to time nodes, and form more physical workloads.
Sichuan Finance Securities pointed out that the importance of expanding domestic demand will increase in 2023, and the steady growth policy is expected to be further strengthened. Strengthening infrastructure construction is an effective means of "stabilizing growth and expanding domestic demand", and it is expected that the growth rate of new and old infrastructure investment will remain at a relatively high level throughout the year.
Wang Qing, chief macro analyst of Oriental Jincheng, analyzed that the year-on-year growth rate of infrastructure investment in the first two months continued to maintain a high growth state, mainly because it is currently in the early stage of economic repair, the policy side continues to maintain a strong steady growth force, budget funds, special bonds, PPP models and other policy tools continue to make efforts, coupled with the continuation of new construction projects last year, which led to a relatively large inflow of bank loans, supporting infrastructure investment to maintain rapid growth. Driven by the continuous increase in policy support and the recovery of market demand, it is expected that the growth rate of new infrastructure investment will reach 2023% to 15% in 20, which is 10 to 15 percentage points higher than the growth rate of overall infrastructure investment.
Author: Zhu Yanran