Private Capital Access And Openness Will Be Further Relaxed.

Reporters recently learned that China will introduce more measures to promote private investment this year.

On the one hand, it will further open market access to private sector capital in the field of competitive telecommunications, oil and gas exploration and development, defense technology and other fields. On the other hand, in order to solve the problems of insufficient funds in strategic emerging industries, the government industry will be established in the future.

And other ways to promote and guide private investment into strategic emerging industries.

Many experts told reporters that although energy and military and other fields have better returns and strong attractiveness, private capital is restricted by access restrictions.

Li Wei, director of the development research center of the State Council, said that an important institutional factor that restricts private investment is access restrictions, and energy and military industries are still prominent.

Taking the upstream sector with the highest degree of monopoly in the energy field as an example, all the enterprises that have the qualification for prospecting and mining rights in China have only four PetroChina, Sinopec, CNOOC and Yanchang oil fields, and the right to import crude oil is also concentrated in several major companies, which makes the market competition very inadequate, and private enterprises are hard to set foot in.

In 2015, the Ministry of land and resources officially launched five tendering for oil and gas exploration in Xinjiang. Finally, three enterprises were awarded four blocks. They promised to invest nearly 8 billion 500 million yuan for oil and gas exploration within three years. This is the first time that China has opened oil and gas exploration and development market to private capital and social capital for the first time.

Reporters learned that the opening up is still increasing.

This year's government work report clearly pointed out that we should pay close attention to the structural reform of oil and natural gas and open up competitive businesses.

Nur Bekri, deputy director of the national development and Reform Commission and director of the State Energy Bureau recently interviewed by reporters clearly stated that the oil and gas system

The national development and Reform Commission and the State Energy Bureau will study and formulate supporting documents for exploration and exploitation, pipeline network operation and so on.

In the field of defense technology industry, which is more restrictive, the threshold for entry of private capital is also decreasing.

At the end of last year, Hebei issued documents to encourage private capital to enter the field of weaponry research, production and maintenance. Those who meet the requirements of the Guidance Catalogue (open class) in the field of social investment in national defense science and technology industry, do not limit the proportion of private capital investment.

What is worth mentioning is that the fourth phase of China's lunar exploration project will also explore a new model of introducing social capital, and social capital will have the opportunity to participate in the task of Chang'e four. The market generally believes that this is an important signal for the defense science and technology industry to expand the opening of military industry.

Li Wei said that if we improve the supervision, we should open the industry access gate as soon as possible and maximize the efficiency. It will not only increase efficiency, but also increase new investment fields for private capital, which is of great significance to stimulate private investment.

The growth rate of private investment has been declining year by year in recent years, especially in 2016, the growth rate has dropped sharply, only 3.2%, down 6.9 percentage points from the previous year, accounting for a higher proportion of private investment.

And the mining industry's income and profits are deteriorating, and the time and magnitude of the fall in fixed asset investment prices exceed expectations. Last year, the growth rate of fixed assets investment in the whole society was lower than the expected target.

Later, the government continued to take strong measures to boost investment. The State Council and the national development and Reform Commission introduced policies to promote private investment in July 2016 and September.

Since September last year, the decline in the growth rate of private investment has eased, and signs of stabilization and recovery have continued.

In the 1-2 months of this year, private investment increased by 6.7% over the same period last year, and the growth rate was 3.5 percentage points faster than that of last year.

It is worth mentioning that although the growth rate has picked up, the government is continuing to deploy relevant measures to promote private investment this year.

In February 22nd, the executive session of the State Council relaxed the investment management in the social field and expanded the social sector to open up private investment.

In mid March, the general office of the State Council issued the opinions on further stimulating the investment vitality in the social field, and put forward 37 policy measures to further stimulate the medical, old-age, educational, cultural, sports and other social sectors.

Vitality.

In addition, in order to meet the needs of investment funds, various provinces and municipalities are vigorously promoting private investment into strategic emerging industries.

It is understood that in some areas, strategic emerging industries have become the "main engine".

In 2016, Shenzhen's strategic emerging industries contributed more than 50% to the overall economic growth, and the output value of strategic emerging industries in Zhejiang and Shandong provinces exceeded 100 billion yuan.

However, according to the experts, a lot of innovative enterprises are in the initial stage. They often take up intangible assets such as patents and intellectual property rights. It is hard to get the favor of bank funds until they are turned into real profits.

Shortage of funds restricts the cultivation and development of strategic emerging industries.

Therefore, guiding the entry of private capital has become a major way to solve the financial problems of strategic emerging industries.

It is learnt that in addition to promoting the PPP mode, all localities are also trying to guide private investment through various investment funds. In the future, government funds such as industrial funds should also be set up.

"In the future, we will further promote the establishment of market-oriented investment related social investment funds in conditional areas, and increase fiscal and taxation policies for high-risk emerging industries.

Support. "

A related source told reporters that if we play a good role in guiding the national industrial investment fund, we can better guide private capital to join and cultivate a number of strategic emerging industries that are more suitable for social development.

More interesting reports, please pay attention.

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