Activate private investment and draw a path to improve the business environment

Mondo Social Updated on 2024-02-06

Following the National Development and Reform System Investment Work Conference proposed to let private capital "have to invest, invest well, enter, and withdraw", on February 5, at the regular policy briefing on creating a market-oriented, law-based, and international first-class business environment, Meng Wei, director of the Department of Laws and Regulations of the National Development and Reform Commission, said that this year will focus on making good use of a new platform, building a project library, implementing a new mechanism, and unblocking a good channel, and strive to further stimulate the vitality of private investment through the "four ones". Relevant analysis points out that to build a market-oriented, law-based, and international first-class business environment, it is necessary to first solve the problem of fair competition, which is of great concern to private enterprises.

"Four Ones" stimulates the vitality of private investment.

According to data released by the National Bureau of Statistics, in 2023, the national investment in fixed assets (excluding rural households) will 503036 billion yuan, an increase of 3% over the previous year. Among them, the private investment in fixed assets was 253544 billion yuan, down 04%, the decline was 0 narrower than that from January to November1 percentage point. Excluding investment in real estate development, private investment increased by 92%。

Private investment accounts for a relatively high proportion of the total investment in fixed assets and is an important material basis for the development of the private economy. Meng Wei said at the briefing that last year, the state issued a special notice and put forward 17 targeted measures to mobilize the enthusiasm of private investment; This year, we will focus on the "four ones", that is, make good use of a new platform, build a project library, implement a new mechanism, and unblock a good channel, and strive to further stimulate the vitality of private investment through the "four ones".

It is reported that in July 2023, the state issued the "Notice on Further Promoting Private Investment and Striving to Mobilize the Enthusiasm of Private Investment", which put forward 17 specific measures from four aspects: clarifying work objectives, focusing on key areas, improving the guarantee mechanism, and creating a good environment.

Meng Wei introduced that first of all, make good use of a new platform and continue to do a good job in promoting projects to private capital. It is reported that in September 2023, the state established a unified national platform for promoting projects to private capital, and as of the end of January 2024, it has attracted 1,591 private capital to participate in projects, with a total investment of 1,980.8 billion yuan.

Second, we should build a project library and increase support for key non-governmental investment projects. From the key private investment projects in various places, a number of projects that meet the policy requirements, have a large investment scale, and are highly demonstrative will be selected on a regular basis, and included in the national key private investment project database. At the same time, promote projects to banks and other financial institutions and increase financing support; Incorporate eligible projects into the national land use guarantee mechanism for major national projects, and strengthen the guarantee of land elements; Promote coordination and linkage among all localities and speed up the handling of preliminary procedures.

Furthermore, a new mechanism should be implemented to standardize the implementation of ** and social capital cooperation. We will pay close attention to the introduction of supporting documents such as franchise management measures, franchise plan preparation outline, franchise agreement template, etc., build a first-class social capital cooperation project information system, do a good job in overall guidance, effectively expand the space for private enterprises to participate in infrastructure investment, and encourage private capital to participate in social capital cooperation projects to the greatest extent.

In addition, a good channel will be opened to encourage private investment projects to issue real estate investment trusts in the infrastructure sector**. Actively promote the issuance of infrastructure REITs for private investment projects. As of the end of January 2024, 6 private investment projects have been recommended to the CSRC, 8 private investment projects have been accepted, and 4 private investment projects are being counseled in the early stage, involving clean energy, consumer infrastructure, data centers, warehousing and logistics, industrial parks and other fields.

The market access and exit system is approaching.

Marketization, rule of law, and internationalization are all important components of the construction of a first-class business environment, and the three aspects complement each other. However, in order to truly achieve a breakthrough, we should put marketization in the first place, and only by achieving a breakthrough in marketization can we better stimulate the vitality and creativity of market players, enhance the endogenous power and resilience of economic development, and also help to force the government to streamline and delegate power, optimize services, and improve administrative efficiency. Zhu Keli, executive director of the China Information Association and founding president of the National Research Institute of New Economy, told a reporter from Beijing Business Daily.

Ren Duanping, director of the Registration Bureau of the State Administration for Market Regulation, pointed out that the State Administration for Market Regulation continues to promote the facilitation and standardization of market access and exit in accordance with the law. On the one hand, we should speed up the improvement of the rules of the market access and exit system. The enterprise registration management system is an important basic system of the market economy. The State Administration for Market Regulation adheres to the principle of legislation first, actively promotes the revision and promulgation of the Company Law and the Implementation Measures of the Provisions on the Administration of Enterprise Name Registration, and continues to build an open, transparent, efficient and predictable institutional environment.

On the other hand, we will continue to improve facilitation and standardized market access and exit measures. Whether the business environment is good or not, enterprises have the most right to speak. The State Administration for Market Regulation adheres to the demand orientation of business entities, continues to strengthen the awareness of service and development, establishes an electronic business license database covering all business entities, and has used electronic business licenses for more than 300 million times for various business entities, formulates and revises the "Implementation Specifications for Administrative Licensing Items in the Field of Market Regulation", and revises and publishes the 2023 edition of the "Guidelines for Enterprise Deregistration".

In addition, efforts are made to improve the quality of the development of business entities. The "Provisions on the Prevention and Investigation of Illegal Acts of Counterfeit Enterprise Registration" have been formulated and promulgated, and a legal environment for the high-quality development of business entities has been actively created.

According to the data, by the end of 2023, there are 18.4 billion households, 3,272 new business entities70,000 households, a year-on-year increase of 126%。Establishment of 100290,000 households, a year-on-year increase of 156%。The investment and entrepreneurial vitality of business entities continued to increase.

In the next step, we will continue to optimize and improve the market access and exit system, accelerate the research and formulation of supporting implementation measures for the Company Law, strengthen the publicity of paid-in capital contribution information, and promote the implementation of the newly revised system in a stable and orderly manner, so as to stabilize social expectations; Continue to optimize and standardize the registration services for business entities. Focusing on practical issues, we will study and formulate regulations on the management of registration and filing matters of business entities, formulate the Administrative Measures for the Registration and Registration of Individual Industrial and Commercial Households, and create a good environment for promoting the healthy development of individual industrial and commercial households; Solidly promote 'doing one thing efficiently'. Focusing on the change of enterprise information, the cancellation of enterprise registration, and the linkage of licenses and licenses, we will effectively improve the sense of gain and satisfaction of business entities. Ren Duanping said.

Beijing Business Daily reporter Jin Chaoli Cheng Liang.

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