The private capital enters the field to widen the market anticipation rule to promulgate

Source: Internet
Author: User
Keywords Private capital private investment promulgated
Tags development economic economic growth economy enterprises guide guided healthy development
24th, the State Council executive Meeting Research deployment further encourage and guide private investment in healthy development policy measures.  The meeting proposed that the private capital should be encouraged and guided into the fields of energy infrastructure, municipal utilities, national defense science and technology industry, and guarantee housing construction. "China's monopoly industry is mainly focused on oil, railways, power, telecommunications and other major industries, to encourage private capital to enter these areas will undoubtedly break the past only a few large state-owned enterprises eminence situation, which will effectively stimulate and stimulate the industry, including the original monopoly of the efficiency, to eliminate the past due to the monopoly of the various abuses, For the industry will be a long-term positive.  Dai, a joint securities analyst, said. Analysts at the Oriental Securities Institute said that while the overall direction had been indicated, the relevant policies at the operational level required further refinement by the Government's various functional departments. The private capital enters the non-traditional domain such as the transportation telecommunication energy and so on monopoly profession, the municipal public utilities, the education Medical service culture and so on domain, not short time can carry out, these areas are not only the simple market access question, but also relates to the institution reform, the social reform and so on a series of thorny  In a word, the institutional and policy obstacles restricting the growth of nongovernmental investment should be regarded as a vital content of macro-control as soon as possible, and the situation of government and nongovernmental investment to promote economic growth should be formed as soon as possible.  In recent years, the discussion on the question of private capital access is like a seesaw race, seeking a balance between entry and exit. In fact, as early as the 16 session of plenary, the State Council has proposed to vigorously develop and guide the non-metric economy, to allow Non-public capital to enter the laws and regulations of the infrastructure, utilities and other industries and areas, so that the non-metric enterprises in investment and financing, taxation, land use and foreign trade, to enjoy the same treatment as other enterprises. In February 2005, the State Council issued a number of views of the State Council on encouraging the development of non-public economic sectors, such as private individuals, this document, known as the "non-public economy 36", is the first to explicitly "Allow Non-public capital to enter monopolistic industries and areas, in the power, telecommunications, railways, civil aviation, oil industries and fields, Accelerate the reform and introduce the market competition mechanism.  Then, the anti-monopoly law and the work opinion on deepening economic system reform in the 2009 have also cleared the institutional barriers for private capital to enter the monopoly industry.  However, in December 2006, the State Council issued the "Guidance on the promotion of state-owned capital adjustment and restructuring of state-owned enterprises" not only clear seven major industries will be controlled by state-owned economy, emphasizing the power, communications, oil and other areas of the state-owned economy absolute holding.  From the investment distribution industry, private investment is mainly concentrated in the wholesale and retail industry, accommodation and catering, real estate, residential services and other services, manufacturing and other general competitive industries, while the state-owned economy in the natural monopoly industry and public services in the holding investment accounted for more than 70%. The current situation is that since last year, with the global financial crisis, state-owned capital relies on strongThe economic strength in the real estate and other general competitive industries siege, and private capital suffers from the external market shrinking internal state-owned capital squeeze, as well as the tax burden, financing difficulties and other issues still plague the development of private capital. "Starting private investment as soon as possible is an effective way to consolidate recovery and ensure steady economic growth, and to curb asset bubbles." The Analyst of Oriental Securities Institute thinks, from historical experience, private enterprise has more flexible operating mechanism and higher operating efficiency compared with state-owned enterprises. In the long run, the liberalization of private investment will help to expand employment, promote economic restructuring, enhance market vitality and improve economic efficiency.
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