Introducing new policies to promote the development of private capital

Under the continuous promotion of the promotion of private investment policies, the business environment has continued to improve. In the first four months of this year, private investment continued to grow. Recently, a number of provinces and municipalities have successively issued a series of major policies to promote the development of private investment, with a focus on further reducing the threshold for private investment and reducing the operating costs of private enterprises. Experts said that promoting private investment development is still the focus of work in 2018. The support at the policy level will be further strengthened, focusing on promoting decentralization and decentralization, reducing corporate costs, and solving problems such as financing difficulties and financing for private enterprises. At the same time, it will further liberalize energy, telecommunications and other fields to attract private investment. Recently, Hunan, Ningxia, Hebei, Anhui, Jiangsu and other provinces and cities have successively issued a new round of policies and measures to promote private investment. Among them, Hunan Province issued 23 implementation rules, focusing on supporting the innovation and development of private investment and efforts to reduce the operating costs of enterprises. Hebei Province recently issued an implementation opinion to further stimulate the vitality of private investment, further crack the bottleneck of private investment projects, effectively reduce the operating costs of enterprises, and encourage private capital to participate in PPP projects. The Ningxia Hui Autonomous Region has also issued policies to relax private investment market access by implementing existing private investment access policies, establishing a negative market access system, and removing barriers to invisible investment in social services. According to statistics, in the first four months of this year, private investment increased by 8.4%, 1.5 and 2.4 percentage points higher than the same period of last year and last year, and 1.4 percentage points higher than the total investment. The growth rate of private investment was higher than the overall investment growth rate for the first time in two years. With the continuous increase in growth rate, the structure of private investment has also been continuously upgraded, and high-quality development areas such as emerging industries and high-end manufacturing have become hot spots of private investment. On the other hand, at present, there are still many problems in the system design and investment environment of private investment. The problems of high cost and difficulty in entry still hinder the development of private investment. Industry experts said that the core of steady growth in 2018 is still to stabilize investment, but the policy direction and policy tools need to be adjusted. It is recommended to introduce a system plan initiated by private investment in 2018 to comprehensively adjust investment expectations. Bai Zhongen, executive vice president of Tsinghua University's School of Economics and Management, said that private investment has a large market space. Previously, due to high costs and difficult access, private investment growth slowed down. By reducing corporate costs and improving the investment environment, private investment development can be effectively promoted. Future policies should increase efforts to improve the business environment, and further liberalize private investment in the areas of people's livelihood such as education and medical care, so that private capital has more room for development. The National Development and Reform Commission revealed that in 2018, the supply-side structural reform will be further promoted, the specific policies and measures for promoting private investment will be put in place, and the reform of the control service will be continuously promoted to optimize the business environment. At the same time, it will increase support for the “three rural”, innovation-driven, ecological, and people's livelihood, and support private investment in oil and gas, telecommunications and other fields.

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