? China Real Estate Network News (Liu Min/Text) On November 7, the National Development and Reform Commission issued the "Opinions on Improving the Policy Environment and Increasing Efforts to Support the Development of Private Investment" (hereinafter referred to as the "Opinions"). The "Opinions" will promote the accelerated implementation of private investment projects, guide the high-quality development of private investment, encourage private investment to revitalize existing assets in various ways, strengthen private investment financing support, and promote the health of private investment by giving full play to the role of major projects and government investment in leveraging. 21 measures were proposed in 6 aspects including development to further improve the policy environment and increase efforts to support the development of private investment.

Among them, the "Opinions" mention that private investment will be supported to participate in the construction of 102 major projects and other projects in giving play to the role of leading major projects and leveraging government investment. According to the 102 major projects in the "14th Five-Year Plan", major national strategies and other clear key construction tasks, projects with a certain level of income and relatively mature conditions will be selected to attract private capital participation in various ways. Confirmed transportation, water conservancy and other projects should be accelerated and private investment should be treated equally in bidding. Support private enterprises to participate in the construction of railways, highways, ports, terminals and related stations and service facilities. Encourage private investment to focus on urban infrastructure, participate in the construction of key projects through a comprehensive development model, and improve the level of digitalization, networking, and intelligence. Encourage private enterprises to increase investment in energy conservation and carbon reduction fields such as solar power generation, wind power, biomass power generation, and energy storage. Encourage private investment in key projects to actively adopt a work-for-relief approach to expand employment capacity.

Guide private investment to actively participate in rural revitalization. On the premise of fully protecting the rights and interests of farmers, encourage and regulate private capital to develop in rural areas such as seedlings and livestock breeding, high-standard facility agriculture, large-scale breeding and other modern farming industries, and participate in the construction of high-standard farmland; support private enterprises to invest in new rural industries Format, promote the integration of agriculture with culture, sports, health care and other industries, develop leisure agriculture and rural tourism industries according to local conditions, and cultivate and expand characteristic industries. Encourage private capital to participate in the cultural industry to empower rural revitalization, support projects such as advantageous and characteristic industrial clusters, modern agricultural industrial parks, agricultural industry strong towns, and the construction of national rural industry integrated development demonstration parks to stimulate the vitality of rural industry development.

In addition, the "Opinions" proposes to encourage private investment to revitalize existing assets in various ways, and to participate in the pilot project of real estate investment trust funds (REITs) in the infrastructure field with private investment projects. When issuing infrastructure REITs, all types of ownership enterprises will be treated equally, and the launch of specific private investment projects will be accelerated to create a demonstration effect and enhance the confidence of private enterprises to participate. Actively carry out policy interpretation, publicity and guidance, increase the enthusiasm of private enterprises to participate in infrastructure REITs pilots, bring out high-quality projects to participate in the pilots, reduce corporate asset-liability ratios, achieve asset-light operations, and enhance reinvestment capabilities.

Guide private investment to actively participate in revitalizing state-owned assets. Encourage private capital to participate in the revitalization of state-owned assets through government and social capital cooperation (PPP) and other methods. By carrying out mixed ownership reforms and introducing strategic investors and professional operation managers, we will attract private capital to participate in the construction and operation of infrastructure projects. For assets such as old factories, cultural and sports venues, and idle land that have been idle for a long time but have potential development and utilization value, methods such as asset upgrading and positioning transformation can be adopted to fully tap the value of the assets and attract private investment.

Attract private investment by revitalizing existing assets and organically combining renovation and expansion. Encourage private investment to participate in revitalizing old urban resources, promote the renovation of old urban communities according to local conditions, and support enriching the functions of existing assets and improving asset efficiency through precise positioning, quality improvement, and perfect use. Promote the comprehensive development of sewage treatment plant sinking, subway superstructure properties, transportation hub above-ground and underground spaces, highway passenger stations and urban bus transportation stations according to local conditions, broaden the sources of income, improve the comprehensive utilization value of assets, and strengthen the Attractiveness of private investment.