Contents of the State Council's Several Opinions on Encouraging and Guiding the Healthy Development of Private Investment

First, further broaden the fields and scope of private investment.

(1) Thoroughly implement a series of policies and measures such as "Several Opinions of the State Council on Encouraging, Supporting and Guiding the Development of Non-public Economy such as Individual and Private Enterprises" (Guo Fa [2005] No.3), and encourage and guide private capital to enter industries and fields that are not explicitly prohibited by laws and regulations. Standardize the setting of investment access threshold and create a market environment of fair competition and equal access. Market access standards and preferential support policies should be open and transparent, and all types of investors should be treated equally, and no conditions should be attached to private capital.

(2) Clearly define the scope of government investment. Government investment is mainly used in economic and social fields that are related to national security and the market cannot effectively allocate resources. Encourage and support private capital to enter infrastructure, municipal engineering and other public service fields that can be marketized.

(3) Further adjusting the layout and structure of the state-owned economy. State-owned capital should focus on constantly strengthening and expanding important industries and key areas that are related to the lifeline of the national economy, and create a broader market space for private capital in general competitive fields.

(four) actively promote the reform of medical care, education and other social undertakings. Take private social undertakings as an important supplement to the development of social public undertakings, make overall planning and rational layout, and accelerate the cultivation and formation of a public service system with government investment as the mainstay and private investment as the supplement.

Second, encourage and guide private capital to enter the field of basic industries and infrastructure.

(5) Encourage private capital to participate in traffic construction. Encourage private capital to invest in the construction of roads, waterways, ports and docks, civil airports, general aviation facilities and other projects by means of sole proprietorship, holding and equity participation. Pay close attention to the study and formulation of the railway system reform plan, introduce market competition, promote the diversification of investors, encourage private capital to participate in the construction of railway trunk lines, railway feeder lines, railway ferries and station facilities, and allow private capital to participate in the construction of coal transportation channels, passenger dedicated lines, intercity rail transit and other projects. Explore the establishment of railway industry investment funds, actively support railway enterprises to speed up the share reform and listing, and broaden the channels and ways for private capital to enter the railway construction field.

(6) Encourage private capital to participate in water conservancy projects. Establish a cost compensation mechanism, implement government subsidies, and attract private capital to invest in water conservancy projects such as farmland water conservancy, inter-basin water transfer, comprehensive utilization of water resources, and soil and water conservation through bidding and owner contracting and leasing.

(seven) to encourage private capital to participate in power construction. Encourage private capital to participate in the construction of new energy industries such as wind energy, solar energy, geothermal energy and biomass energy. Support private capital to participate in the construction of hydropower stations, thermal power stations and nuclear power plants in the form of sole proprietorship, holding or equity participation. We will further liberalize the electricity market, actively promote the reform of electricity prices, speed up the implementation of competitive bidding, promote the bidding of project owners, improve the electricity supervision system, and create a good environment for private power generation enterprises to participate in competition on an equal footing.

(8) Encourage private capital to participate in oil and gas construction. Support private capital to enter the field of oil and gas exploration and development and cooperate with state-owned oil companies to carry out oil and gas exploration and development. Support private capital to participate in the construction of storage and transportation facilities and networks for crude oil, natural gas and refined oil.

(9) Encourage private capital to participate in telecommunications construction. Encourage private capital to enter the basic telecom operation market by way of equity participation. Support private capital to carry out value-added telecommunications services. Strengthen the supervision of monopoly and unfair competition in the telecommunications field, promote fair competition and promote the enjoyment of resources.

(ten) to encourage private capital to participate in land consolidation and mineral resources exploration and development. Actively guide private capital to participate in the construction of land consolidation, reclamation and other projects through bidding, encourage and guide private capital to invest in the restoration and management of mine geological environment, and adhere to the full opening of mining rights market to private capital.

Third, encourage and guide private capital to enter the field of municipal public utilities and policy housing construction.

(eleven) to encourage private capital to participate in the construction of municipal public utilities. Support private capital to enter urban water supply, gas supply, heating, sewage and garbage disposal, public transportation, urban landscaping and other fields. Encourage private capital to actively participate in the restructuring of municipal public enterprises and institutions. Conditional municipal public utilities projects can adopt market-oriented operation mode and transfer property rights or management rights to private capital.

(twelve) to further deepen the reform of municipal public utilities system. Actively introduce market competition mechanism, vigorously promote the bidding system for investors and operators of municipal public utilities, and establish and improve the franchise system of municipal public utilities. Improve and perfect the government procurement system, establish a standardized government supervision and financial subsidy mechanism, speed up the reform of municipal public goods price and charging system, and create a good institutional environment for encouraging and guiding private capital to enter the municipal public utilities field.

(thirteen) to encourage private capital to participate in policy housing construction. Support and guide private capital to invest in the construction of affordable housing, public rental housing and other policy housing, participate in the transformation of shanty towns, and enjoy the corresponding policy housing construction policies.

Fourth, encourage and guide private capital to enter the field of social undertakings

(fourteen) to encourage private capital to participate in medical development. Support private capital to set up various hospitals, community health service institutions, sanatoriums, outpatient departments, clinics, health centers (rooms) and other medical institutions, and participate in the restructuring and reorganization of public hospitals. Support private medical institutions to undertake public health services, basic medical services and medical insurance designated services. Effectively implement the tax policy of non-profit medical institutions. Encourage the rational flow of medical talent resources to private medical institutions, and ensure that private medical institutions enjoy the same treatment as public hospitals in terms of talent introduction, professional title evaluation and scientific research projects. Strengthen the supervision of various medical institutions from the aspects of medical quality, medical behavior and charging standards, and promote the healthy development of private medical institutions.

(fifteen) to encourage private capital to participate in the development of education and social training. Support private capital to set up institutions of higher learning, primary and secondary schools, kindergartens, vocational education and other educational and social training institutions. Amend and improve the Regulations on the Implementation of the Law on the Promotion of Private Education in People's Republic of China (PRC), implement the policies of encouraging talents and public financial assistance in private schools, accelerate the formulation and improvement of financial, property rights and social security policies to promote the development of private education, and study and establish the withdrawal mechanism of private schools.

(sixteen) to encourage private capital to participate in the development of social welfare undertakings. Through land security, credit support, government procurement and other forms, private capital is encouraged to invest in the construction of specialized service facilities, and various social welfare institutions such as supporting (supporting) the elderly and helping the disabled to recover are established.

(seventeen) to encourage private capital to participate in the development of culture, tourism and sports industry. Encourage private capital to engage in advertising, printing, performing arts, entertainment, cultural creativity, cultural exhibitions, film and television production, network culture, animation games, publication distribution, digital production of cultural products and related services, and build cultural facilities such as museums, libraries, cultural centers and cinemas. Encourage private capital to rationally develop tourism resources, build tourism facilities and engage in various tourism and leisure activities. Encourage private capital to invest in the production of sporting goods, build various stadiums and fitness facilities, and engage in sports fitness, competition performances and other activities.

Verb (abbreviation of verb) encourages and guides private capital to enter the field of financial services.

(eighteen) allow private capital to set up financial institutions. On the premise of strengthening effective supervision, promoting standardized operation and preventing financial risks, the share ratio limit of financial institutions will be relaxed. Support private capital to participate in the capital increase and share expansion of commercial banks in the form of shares, and participate in the restructuring of rural credit cooperatives and urban credit cooperatives. Encourage private capital to initiate or participate in the establishment of village banks, loan companies, rural mutual funds cooperatives and other financial institutions, and relax the minimum capital contribution ratio of village banks or community banks. We will implement the policy of pre-tax full provision of loss reserve for loans to small and medium-sized enterprises, and simplify the review procedures for write-off of bad debts in small and medium-sized financial institutions. Appropriately relax the restrictions on the shareholding ratio of a single investor in microfinance companies, and implement the same financial subsidy policy for microfinance companies' agriculture-related businesses as rural banks. Support private capital to initiate the establishment of credit guarantee companies and improve the risk compensation mechanism and risk sharing mechanism of credit guarantee companies. Encourage private capital to initiate the establishment of financial intermediary service institutions and participate in the restructuring of financial institutions such as securities and insurance.

Six, encourage and guide private capital to enter the field of business circulation.

(nineteen) to encourage private capital to enter the field of commodity wholesale and retail and modern logistics. Support the development of private wholesale and retail enterprises and encourage private capital to invest in new circulation formats such as chain operation and e-commerce. Guide private capital to invest in the field of third-party logistics services, create conditions for private logistics enterprises to undertake traditional manufacturing and commercial logistics outsourcing, and support small and medium-sized private commercial circulation enterprises to cooperate in the development of the same-way distribution. Accelerate the reform of logistics management system, encourage the integration and full utilization of logistics infrastructure resources, promote the networked operation of logistics enterprises, build a convenient and efficient financing platform, create a fair and standardized market competition environment, and promote the socialization of logistics services and the marketization of resource utilization.

Seven, encourage and guide private capital to enter the field of national defense science and technology industry.

(twenty) to encourage private capital to enter the field of national defense science and technology industry investment and construction. Guide and support private enterprises to participate in the reorganization and restructuring of military enterprises in an orderly manner, encourage private enterprises to participate in the development and industrialization of dual-use high technology, and allow private enterprises to participate in undertaking military production and scientific research tasks in accordance with relevant regulations.

Eight, encourage and guide private capital restructuring and participate in the reform of state-owned enterprises.

(twenty-one) to guide and encourage private enterprises to use private capital to carry out market portfolio, promote the rational flow of property rights, and carry out cross-regional and cross-industry mergers and acquisitions. Encourage and support the rational flow of domestic private capital, realize the orderly gradient transfer of industries, and participate in the development of the western region, the revitalization of old industrial bases such as Northeast China, the rise of central China, the construction of new countryside and poverty alleviation and development. Support qualified private enterprises to become bigger and stronger through joint restructuring and develop into group companies with outstanding characteristics and strong market competitiveness.

(twenty-two) to encourage and guide private enterprises to participate in the restructuring and reorganization of state-owned enterprises through various forms such as equity participation, holding and asset acquisition. Reasonably reduce the proportion of state-owned capital in state-owned holding enterprises. In the process of participating in the restructuring and reorganization of state-owned enterprises, private enterprises should conscientiously implement the national policy requirements on asset disposal, debt disposal and social security, properly arrange employees according to law, and protect the legitimate rights and interests of enterprise employees.

Nine, promote private enterprises to strengthen independent innovation and transformation and upgrading.

(twenty-three) the implementation of preferential tax policies, encourage enterprises to increase investment in research and development, encourage private enterprises to increase investment in research and development, improve the ability of independent innovation, and master the core technologies with independent intellectual property rights. Help private enterprises to establish engineering technology research centers and technology development centers, increase technical reserves, and do a good job in training technicians. Support private enterprises to participate in major national science and technology projects and technical research, and constantly improve the technical level and research and development capabilities of enterprises.

(twenty-four) to speed up the implementation of encouraging policies to promote the transformation of scientific and technological achievements, actively develop the technology market, improve the registration system of scientific and technological achievements, and facilitate the transfer and purchase of advanced technologies by private enterprises. Accelerate the construction and mechanism innovation of scientific and technological service institutions such as analysis and testing, inspection and testing, enterprise incubation, scientific and technological evaluation and scientific and technological consultation, and provide a service platform for independent innovation of private enterprises. Actively promote market competition in high-tech service industries such as information service outsourcing, intellectual property rights, technology transfer and achievement transformation, and support private enterprises to carry out technical service activities.

(twenty-five) to encourage private enterprises to increase the development of new products, to achieve product upgrading. The research and development expenses incurred in the development of new products can enjoy preferential policies for deduction according to regulations. Encourage private enterprises to implement brand development strategy, strive for brand-name products, and improve product quality and service level. By accelerating the depreciation of fixed assets, private enterprises are encouraged to carry out technological transformation, eliminate backward production capacity and accelerate technological upgrading.

(twenty-six) to encourage and guide private enterprises to develop strategic emerging industries. Widely use information technology and other high-tech to transform and upgrade traditional industries, vigorously develop circular economy and green economy, and invest in the construction of emerging industries with development potential such as energy saving and emission reduction, water saving and consumption reduction, biomedicine, information network, new energy, new materials, environmental protection and comprehensive utilization of resources.

X encourage and guide private enterprises to actively participate in international competition.

(twenty-seven) to encourage private enterprises to "go global" and actively participate in international competition. Support private enterprises to carry out international operation, production and marketing in R&D, develop strategic resources and establish an international sales network. Support private enterprises to use independent brands, independent intellectual property rights and independent marketing to explore the international market, and accelerate the cultivation of multinational enterprises and internationally renowned brands. Support private enterprises, private enterprises and state-owned enterprises to form consortia, give full play to their respective advantages and carry out various forms of overseas investment.

(twenty-eight) improve the overseas investment promotion and guarantee system. Establish a policy consultation mechanism with relevant countries, encourage and promote the international flow of private capital, carry out various forms of dialogue and exchanges, and develop long-term and stable mutually beneficial cooperative relations. By signing bilateral non-governmental investment cooperation agreements and using the multilateral agreement system, we will strive for a good investment and trade environment and more preferential policies for private enterprises to "go global". We will improve policies to encourage overseas investment, and private enterprises will enjoy the same treatment as other enterprises in financial support, financial insurance, foreign exchange management, quality inspection and customs clearance.

XI。 Create a favorable environment for private investment

(twenty-nine) to clean up and amend laws and regulations that are not conducive to the development of private investment, effectively protect the legitimate rights and interests of private investment, and cultivate and maintain an investment environment of equal competition. When formulating laws, regulations and policies involving private investment, we should listen to the opinions and suggestions of relevant chambers of commerce and private enterprises, and fully reflect the reasonable requirements of private enterprises.

(30) Government funds arranged by the relevant departments of the people's governments at all levels, including investment in the fiscal budget, special construction funds, venture capital guidance funds, loans from international financial organizations and loans from foreign governments, should have clear rules and unified standards, and treat all types of investors, including private investment, equally. Support the products and services of private enterprises to enter the government procurement catalogue.

(thirty-one) all kinds of financial institutions should, on the basis of risk prevention, innovate and flexibly use a variety of financial instruments, increase financing support for private investment, and strengthen financial services for private investment. People's governments at all levels and relevant regulatory authorities should constantly improve the financing guarantee system for private investment, improve the risk investment mechanism, develop equity investment funds, and continue to support private enterprises to raise funds through the stock and bond markets.

(thirty-two) comprehensively clean up and integrate the administrative examination and approval matters involving private investment management, simplify links and shorten the time limit, further promote the openness and standardization of management contents, standards and procedures, and improve the efficiency of administrative services. Further clean up and standardize the fees charged by enterprises, and effectively reduce the burden on private enterprises.

Twelve, strengthen the service, guidance and standardized management of private investment.

(thirty-three) the statistical department should strengthen the statistical work of private investment and accurately reflect the progress and distribution of private investment. Investment departments, industry management departments and industry associations should earnestly do a good job in monitoring and analyzing private investment, grasp the dynamics of private investment in a timely manner, and reasonably guide private investment. It is necessary to strengthen the construction of investment information platform, timely release information such as national industrial policies, development and construction plans, market access standards, domestic and foreign industry trends, and guide private investors to correctly judge the situation and reduce blind investment.

(thirty-four) to establish and improve the private investment service system. Give full play to the role of self-regulatory organizations such as chambers of commerce and trade associations, and actively cultivate and develop intermediary organizations that provide legal, policy, consulting, finance, technology, management and market information services for private investment.

(thirty-five) while relaxing market access, strengthen supervision. The relevant departments of the people's governments at all levels shall, in accordance with the requirements of relevant laws and regulations, earnestly urge private investors to perform investment and construction procedures, and strictly abide by national industrial policies and regulations on environmental protection, land use, energy conservation, quality and safety. It is necessary to establish and improve the enterprise credit system and guide private enterprises to establish standardized property rights, finance, employment and other systems to operate according to law. Private investors should constantly improve their own quality and ability, establish a sense of integrity and responsibility, actively create conditions to meet market access requirements, and take the initiative to assume corresponding social responsibilities.

(thirty-six) to create a good public opinion atmosphere conducive to the healthy development of private investment. Vigorously publicize the principles, policies and measures of the CPC Central Committee and the State Council on encouraging, supporting and guiding the development of the non-public economy. Objectively and fairly publicize and report the positive role of private investment in promoting economic development, adjusting industrial structure, prospering urban and rural markets, and expanding social employment. Actively publicize the advanced deeds of private entrepreneurs who operate according to law, are honest and trustworthy, earnestly fulfill their social responsibilities and actively participate in social welfare undertakings.

All regions and departments should give more importance to encouraging and guiding the healthy development of private investment, further emancipate their minds, change their concepts, deepen reform, be innovative and realistic, study and formulate specific implementation measures according to the requirements of this opinion, implement relevant policies and measures as soon as possible, strive to create a policy environment and public opinion atmosphere conducive to the healthy development of private investment, effectively promote the sustained and healthy development of private investment, and promote rational investment growth, structural optimization, efficiency improvement and sound and rapid economic and social development.

the State Council

20 10 may 7