On August 16th, according to the website of the National Development and Reform Commission (NDRC), the NDRC released a summary of its work in promoting investment and addressing deficiencies in the first half of 2017, as well as its focus for the second half of the year. In the second half of the year, the NDRC plans to promote various models of public-private partnership (PPP) in different regions, unlock existing assets, and create a virtuous investment cycle. The NDRC will intensify efforts to promote PPP projects and encourage private capital to participate in these projects.
In the first half of 2017, the NDRC's efforts to promote investment and address deficiencies included several key points:
1. Enhancing awareness and strengthening investment analysis and policy preparation in line with the Central Economic Work Conference's directives. Monthly investment situation analyses were conducted, and investment operation monitoring was strengthened. Recommendations for measures to promote stable investment growth were formulated.
2. Increasing efforts to address deficiencies and advancing supply-side structural reforms. The NDRC organized national teleconferences within the reform system to advance efforts in addressing deficiencies. Cross-departmental work mechanisms were established to enhance coordination. Responsibilities and measures were clarified to ensure effective implementation.
3. Accelerating the allocation of central budgetary investments and emphasizing post-approval supervision. The NDRC expedited the allocation of central budgetary investment plans and improved planning execution. Information technology-based supervision of central budgetary investment projects was strengthened. Slow progress in project planning, fund allocation, or implementation was addressed to accelerate project commencement.
4. Deepening investment and financing system reforms and enhancing legal construction in the investment field. The NDRC improved corporate investment management systems and introduced the "Measures for the Examination and Approval and Record Management of Enterprise Investment Projects." Streamlining and standardizing approval procedures was prioritized.
5. Promoting PPP models and stimulating private capital. Collaboration with the China Securities Regulatory Commission (CSRC) was initiated to promote asset securitization of PPP projects and improve asset liquidity. Innovation in PPP models for small and medium-sized cities was encouraged. A memorandum of understanding with the United Nations Economic Commission for Europe on "Belt and Road" PPP cooperation was signed to expedite infrastructure projects along the route.
6. Facilitating the healthy development of private investment and resolving issues in key regions. A special work symposium was held to promote the healthy development of private investment. Analysis of private investment trends was conducted, and policies and measures to stimulate its growth were studied.
7. Advancing the implementation of 165 major projects outlined in the 13th Five-Year Plan and intensifying project reserve efforts. Work to include 165 major fixed-asset investment projects in the major construction project list was initiated. Project reserve efforts were strengthened to establish a continuous cycle of project initiation, completion, and approval.
Additionally, the NDRC outlined its key focus areas for the second half of 2017:
Deepening efforts to address deficiencies and promoting supply-side structural reforms.
Accelerating the execution of central budgetary investments and strengthening post-approval supervision.
Stimulating private investment vitality effectively by promoting various PPP models and encouraging private capital participation.
Continuing reforms in investment and financing systems.
Comprehensive promotion of the 165 major projects under the 13th Five-Year Plan.
The NDRC aims to ensure the effective implementation of these measures and policies to achieve the objectives set out in the Central Economic Work Conference and the 13th Five-Year Plan.
Source: China News Network
Original Article Link (in Chinese): http://t.cn/RChpqPY
