165438+1On October 7, the National Development and Reform Commission issued the Opinions on Improving the Policy Environment and Strengthening Support for the Development of Private Investment. The Opinions put forward 2 1 measures from six aspects: giving full play to the role of major projects and government investment, accelerating the implementation of private investment projects, guiding the high-quality development of private investment, encouraging private investment to revitalize existing assets in various ways, strengthening financing support for private investment, and promoting the healthy development of private investment.
The "Opinions" clearly require that the consistency between the proposed policies and the macro-policy orientation should be evaluated to prevent the introduction of policies and measures that affect the enthusiasm of private investment. At the same time, strengthen publicity and guidance, respond to market concerns in a timely manner, stabilize market expectations, enhance the confidence of private investment, and promote the high-quality development of private investment.
Yang Chang, head of the policy group of Zhongtai Securities Research Institute and chief analyst, believes that this adjustment is conducive to further stabilizing the expectations of private investment, coordinating relevant policy initiatives to form a linkage, and creating a better policy environment for the recovery of private investment.
In terms of specific policies, the Opinions support private investment to participate in the construction of major projects 102, with special reference to supporting private investment projects to participate in the real estate investment trust funds (REITs) pilot in the infrastructure field. The "Opinions" require that all types of ownership enterprises should issue infrastructure REITs equally, accelerate the promotion of specific private investment projects, form a demonstration effect, and enhance the confidence of private enterprises to participate.
In strengthening the support of private investment and financing, the Opinions require the establishment and improvement of the docking mechanism of social capital investment and financing cooperation, and the establishment of a platform conducive to the communication and convergence between private investment projects and financial institutions through various means such as project matchmaking meetings; Guide financial institutions to innovate financial products and services, reduce loan interest rates and financing-related expenses of private enterprises, and increase support for qualified private investment projects.
In addition, the Opinions also require the smooth implementation of the "last mile" policy, continue to promote the reasonable reduction of corporate tax burden, encourage financial institutions to make reasonable profits, and promote the reduction of corporate energy consumption, land use, housing rent and other costs; Guide private enterprises to explore new investment opportunities and identify the future development direction; Encourage private enterprises to focus on industries, concentrate on their main businesses, enhance their core competitiveness, avoid one-sided pursuit of hot spots, blindly expand investment, increase operational risks, and promote the healthy development of private investment.
Yang Chang believes that at present, the performance of private enterprises is relatively weak, so it is very important and timely to introduce policies to support private investment at this time. Statistics from the National Bureau of Statistics show that from June 5438 to September this year, the total profits of industrial enterprises above designated size nationwide reached 6244 1.8 billion yuan, down 2.3% year-on-year; Among them, the total profit of private enterprises was170.05 billion yuan, down by 8. 1%.
Zheng Houcheng, director of Ying Da Securities Research Institute, also said in an interview that the current growth rate of private investment is facing certain constraints. On the one hand, the total profit of private industrial enterprises continues to grow negatively, which leads to the weakening of the ability of private capital to increase investment; On the other hand, industrial enterprises are still in the active destocking stage, and PPI is still running at a low level.
The national development and reform commission pointed out that private investment accounts for more than half of the total social investment. Adhering to the "Two Unswervings", increasing policy support, and stimulating the vitality of private investment by market means and reform measures are conducive to mobilizing the investment enthusiasm of all parties, stabilizing market expectations, increasing employment, promoting high-quality economic development, and realizing China's modernization.