New 36 encouraging people to enter monopolistic industries

The State Council yesterday issued a number of views on encouraging and guiding the healthy Development of private investment (hereinafter referred to as "new 36"), the document further broaden the field and scope of private investment.　　This is the "Non-public 36" after the introduction of 5 years, the private capital to liberalize investment in the field of another landmark policy. Liberalization of access to public finance this March 24, Premier Wen Jiabao chaired the State Council executive meeting to study and deploy policy measures to further encourage and guide private investment in healthy development.　　The "new Article 36" is the details of the incentive measures. Compared with the old version of "Non-public 36", Yesterday's "new 36" for the first time explicitly to encourage and guide private capital into the field of policy housing construction to write the document.　　At the same time, it also encourages and guides the private capital to enter the field of municipal utilities and petroleum, telecommunications, aviation, nuclear power, railways and other monopolistic industries. Zhao, a professor at the University School of Economics and Management, argues that from a big background, China has arrived at a time when it must be reformed, in which the expansion of private capital investment is an important link. The regulation of real estate is to "abstain from drugs", but the local government to find a continuous source of revenue, China's economy to find a new growth point, which requires the regulation of real estate at the same time, must foster private enterprises.　　Now the policy of regulation cannot solve the fundamental problem, so we should put an end to the trend of national retreat, vigorously develop private enterprises and encourage social innovation. Experts say China's economic recovery has been driven mainly by government-led investment since the financial crisis has been "blocked" by the people's capital.　　Industry insiders believe that if all aspects of private investment has been not to start, it will inevitably lead to excessive reliance on real estate economic model, and the birth of the national housing and housing bubble worries.　　Chan Kwok-keung, director of the Beijing Institute of Real Estate Research, said that "the new 36" undoubtedly has a positive meaning to broaden the channels of private investment, in the current real estate regulation, fully mobilize the power of private investment to replace the excessive reliance on real estate development investment.　　Zhao yesterday also said that the private capital has no more investment in the field, to the property market is inevitable, regulatory policy for private capital not only to "block", but also to divert, so that private capital into more areas.　　Beijing Real Estate Industry Association, Deputy Secretary-General Chenzhi also said that to encourage private capital into more areas is also "guidance" policy, otherwise private capital can only go to fry garlic, into the housing market, there is "plugging" must have "sparse". Our correspondent Hu Hongwei New Deal. 1 allow the government to set up the policy of the financial institutions to support private capital to participate in the commercial banks to increase capital shares, participate in rural credit cooperatives, urban credit cooperatives restructuring work.　　Private capital is encouraged to initiate or participate in the establishment of financial institutions such as village banks, loan companies and rural mutual funds, and to relax the limit of the minimum contribution ratio of legal persons in village banks or community banks. Expert interpretation: Xijun, Deputy Director of the Institute of Finance and Securities of Renmin University of China, said that support for private capital to participate in commercial banks to increase capital shares, in fact, in the "Commercial Bank law" has neverTo this limit. The reason why people participate in commercial banks is that the main shareholders or controlling shareholders are mostly state-owned institutions and large state-owned enterprises. At the beginning of the establishment of commercial banks, the state-owned capital is the main part.　　After all these years, the private sector has grown in size and ability to invest in financial institutions, but has been hampered by these inertia factors and requires policy incentives. For private capital, policy encouragement can enlarge their investment field, and it can obtain wider financing channels for commercial banks.　　In addition to commercial banks, a series of measures to encourage access to the financial sector have been introduced, encouraging and supporting rather than binding executive orders.　　Watch 2 The first time, the original policy housing policy was encouraged to support and guide the private capital investment in the construction of economic housing, public rental housing and other policy-related housing, to participate in squatter reconstruction, enjoy the corresponding policy housing construction policy. Expert interpretation: Beijing Real Estate Industry association under Secretary-General Chenzhi said that the policy will still need clear rules to protect.　　He said that now the main body of the policy housing construction are some state-owned enterprises, and the demand for policy-oriented housing is very large, but also need a variety of other types of funds to expand the scale. "New 36" to encourage people to enter, but in the actual operation of the policy to be refined, such as private capital entry, how to avoid the risk of the problem. A lot of policy housing has limited the sales price, planing to land price does not say, building materials prices will fluctuate, then how to protect the private capital profit? Policy-oriented housing, sometimes no one buys, may not be able to return to this, this structural risk who to bear? In addition, what is the status of private capital into? Is it a developer or something?　　Chenzhi suggested that private enterprises can provide labor and capital, after the completion of the project charge and higher than the bank interest, this can avoid the risk of private capital entry, increase the enthusiasm for entry. Watch it. 3 encourage people to participate in the oil field policy the original source of private capital to enter the field of oil and gas exploration and development, cooperation with state-owned oil enterprises to develop oil and gas exploration.　　To support private capital equity in the construction of crude oil, natural gas, refined oil storage and transport facilities and network. Experts read: Tangqingyu, an energy research expert, said yesterday that it would be sooner or later to let private capital enter the field of oil and gas. The introduction is also to allow the energy sector to increase a number of market subjects, to market competition, to promote the development of the energy industry.　　In addition, this also helps to promote the reform of state-owned enterprises in the energy sector. On how the policy is put into place, Tangqingyu said, as long as the country's policy is strong, the market adjustment is no problem. He said that oil and gas is a special industry, too important and basic, policy in the process of liberalization to take into account the various factors, so there will be different views.　　He believes that China's oil security light relying on "three people", for their pressure is also very large, if the private enterprises to encourage entry, so that "three people" "go out" to obtain investment, trade, can also increase our country's oil security.(Hu Hongwei)