The National Development and Reform Commission collaborates with relevant departments to establish a mechanism to promote the security of private investment funds and resources.

date
17/08/2024
avatar
GMT Eight
According to the National Development and Reform Commission, on August 16, the National Development and Reform Commission, in conjunction with the Ministry of Natural Resources, the Ministry of Ecology and Environment, and the Banking Regulatory Commission, issued a notification to establish a mechanism to promote private investment funds and ensure resources, further promoting the development of private investment. The notification states that the National Development and Reform Commission will continue to promote projects to private capital, with a focus on increasing the promotion of key infrastructure projects in transportation, energy, and water conservancy. For nationally important private investment projects that meet the criteria, the government will increase support by allocating funds from the central budget to enhance government investment. The notification also specifies that the National Development and Reform Commission will recommend key private investment projects to the Ministry of Natural Resources and the Ministry of Ecology and Environment, which will provide specific support for land use and environmental evaluations. It will also guide private enterprises in utilizing resources and support policies effectively, optimizing investment decision-making and resource approval services to improve the quality and efficiency of pre-project work for private investment projects. The notification further states that the Banking Regulatory Commission and the National Development and Reform Commission will explore and formulate policies to support private investment financing, encouraging financial institutions to innovate financial products and services. They will also share the list of key private investment projects with banks and insurance companies to increase targeted financing support, enhance the ease of financing for private investment projects, and address the difficulties and high costs of financing for private enterprises. In the next steps, the Investment Department of the National Development and Reform Commission will work with relevant parties to effectively implement the mechanism for promoting private investment funds and ensuring resources, actively promoting the efficient implementation of more private investment projects, and further stimulating the vitality and momentum of private investment.

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