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Oil and gas and other fields will generous attract private capital
Feb 13, 2018

Last year, the government adopted four series of measures to optimize the environment for private enterprises

Oil and gas and other fields will generous attract private capital

The private-owned economy has obviously improved its data and this year it will speed up the clearance of property rights

The Economic Information Daily reporter recently learned that in order to implement the policies and measures to encourage private investment, this year China will have to come up with a number of projects in areas such as feeder railway, oil and gas, telecommunications and attract private capital to enter. In building a supportive environment for the development of private enterprises, it will also speed up the process of cleaning up, amending and abolishing the regulatory documents that are not conducive to property protection, speeding up the process of cleaning up, amending and repealing property rights, promoting administration according to law, and guarding for arbitrary law enforcement and arbitrary law enforcement.

In December 2016, the NDRC issued a number of policies and measures to promote the development of private investment. Among them, it is proposed to ensure that all types of investment entities will enter the social services field without any discrimination and further open up such areas as medicine, pension, education, telecommunications, oil and gas, and attract private investment. The reporter learned from relevant departments that in order to further promote the implementation of various policies to promote the development of civilian population, major breakthroughs will be made in such fields as transportation, telecommunications, oil and gas by 2018, and the private investment will be further attracted.

It is learned that in 2017, the state will deepen economic restructuring from four aspects and encourage the development of private economy. Among them, for the first time, it is clearly put forward to create a legal environment conducive to lawful protection of the legitimate rights and interests of entrepreneurs according to law, to promote fair competition among entrepreneurs in an honest management of the market environment, and to respect and encourage entrepreneurship in a social atmosphere. At the same time, the heavyweights policies have been promulgated in intellectual property protection, non-government investment and overseas investment in a row, which has played an important role in further stimulating the vitality of private investment and encouraging and guiding non-governmental investment in improving quality and efficiency.

Driven by a number of measures, the data related to the private economy have seen a marked improvement over the previous figure. According to data from the Investment Department of the NDRC, in 2017, private investment reached more than 38 trillion yuan, an increase of 6%, an increase of 2.8 percentage points over the previous year. Investment confidence of private-owned enterprises has been enhanced. Private investment in hi-tech, healthcare and other fields has increased rapidly. Private investment in computer communications and other electronic equipment manufacturing and health and social work increased by 29.8% and 25.4% respectively. Water conservancy environment and public facilities management and other fields more than 20% growth rate. Among them, non-government investment in the first three months of 2017 increased by 7.7% year-on-year.

According to the Dacheng Enterprise Research Institute and the Social Sciences Academic Press, the "2017 Key Data Analysis on Private Investment and Private Economy Development" pointed out that in 2017, among the top domestic and world-renowned enterprises, the number of private-owned enterprises in China Compared with previous years, the scale of private enterprises listed on the list has been constantly enhanced and their benefits continuously improved. In particular, the performance of high-tech private enterprises is remarkable. In addition, among the newly listed companies in the first 11 months of 2017, there are 359 private-owned enterprises, accounting for 86.7%. The share of private-owned companies in the number of A-share listed companies has also been further raised, becoming a major force in the A-share market.

Qu Shen-ning, an associate researcher at the Institute of Industrial Economics of the Chinese Academy of Social Sciences, said in an interview with the "Economic Information Daily" reporter that the growth of private investment in 2017 is mainly affected by the economic cycle. First, the domestic economic growth picked up. Second, Economic rebound. In 2018, the domestic economic growth is expected to remain steady. If the external demand continues to pick up, the growth rate of non-government investment will still be fairly guaranteed.

According to the above report, private-owned enterprises also hope that policies will adjust the imbalance between finance and entities, support the real economy more effectively, increase tax cuts and fees, and improve the business environment in our country.

Dacheng Enterprise Research Institute autumn salon questionnaire, the current national macro-control measures, 85% of entrepreneurs said they most looking forward to a more robust support for the real economy, 81.2% chose to increase tax cuts and clearing efforts. As for the main social contradictions in the "unbalanced imbalances" in the economic field, 82.6% of entrepreneurs chose to develop the unbalanced development of the financial industry and manufacturing industry, 71% of the entrepreneurs chose the quality of economic development, and the imbalance between efficiency and growth rate.

Miao Qian, executive chairman of Beijing Investment and Financing Chamber of Commerce, said private investment development must adhere to the concept of new development, adhere to the direction of integration of science, technology, culture and finance innovation, and shift from rapid development to high-quality development. At the same time, we should vigorously promote innovation and application of the model of the real economy of financial services and technology, introduce low-cost funds to small and micro enterprises and effectively serve the real economy.

While continuously strengthening policy support at the central level and encouraging non-government investment, various local governments have also issued policies one after another to promote the high-quality development of private investment. Hebei Province recently introduced a policy to put forward 20 opinions on cracking down the bottleneck and reducing costs, and further optimize the business environment and promote the high-quality development of private investment.

Meng Wei, spokesman for NDRC, said that many governments have conducted useful explorations in promoting non-government investment. In the future, we will organize a nationwide on-site meeting to promote exchange of experience in private investment, step up efforts to continuously improve policies and measures to promote sustained growth of non-government investment.

In 2017, non-government investment has seen a steady rise and is rapidly growing in emerging industries. Intelligent manufacturing, new materials, biotechnology, financial science and technology emerged a large number of outstanding private enterprises. However, at the same time, issues such as the business environment for private investment to be further improved have not yet been fundamentally solved, and the foundation for sustained growth is not yet solid. In terms of industries, non-government investment in manufacturing industry increased by 4.8%, lower than the national growth rate of 2.4 percentage points. In terms of regions, private investment in the western and northeastern regions increased by 3.9% and 3.2%, respectively, lower than the national growth rate of 2.1 and 2.8 percentage points.

Private investment still faces "glass doors" and "spring doors". In many areas, private investment still has a hidden obstacle to market access. In spite of the continuous reduction of barriers to entry for private investment in recent years, the related supporting measures are not perfect and the implementation of policies is not in place, which makes it difficult for private-owned enterprises to participate in the competition fairly.

In this regard, the NDRC said that in the future will focus on promoting transformation and upgrading of manufacturing, lower operating costs, cracked financing problems, and effectively enhance the sense of access to private enterprises. To carry out non-governmental investment projects to review and approve the situation of clearing and verification and government special treatment of dishonesty, continuous optimization of private investment business environment. Promote entrepreneurship and accelerate the protection of property rights policies really landing, encouraging and boosting private-sector investment confidence.