At present, most provinces in China are exploring PPP, and the investment fields of PPP projects are generally similar, including transportation, water supply, heating, sewage and garbage disposal, underground common ditches, rail transit, affordable housing projects, medical care, and old-age services. Among them, all provinces have known to use PPP to operate transportation, public utilities and other projects with certain benefits, and it is also the key area of PPP pilot projects in all provinces.
Experts from Prospective Industry Research Institute reminded that the participation of industrial funds in PPP operation is a practical exploration in many places, providing new financing channels for local financing platforms, especially district-level platforms, and ensuring regional economic growth; However, it is worth noting that this form of "fake stocks and real debts" may increase the hidden liabilities of local governments and lay new hidden dangers for local government debt problems.