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Regulations of Guangzhou Municipal Government on Investment Management (revised on 20 15)
Article 1 In order to establish a scientific and democratic government investment decision-making, implementation, supervision and management system and improve investment efficiency, these Regulations are formulated in accordance with relevant laws and regulations and combined with the actual situation of this Municipality. Article 2 These Regulations shall apply to the fixed assets investment activities carried out by the Municipal People's Government using general budget funds, government funds, special financial account funds and other financial funds as prescribed by laws and regulations. Where the state has other provisions on government investment involving state secrets, those provisions shall prevail.

The ways of government investment include direct investment, capital injection, investment subsidies, interest subsidies, etc. Article 3 The municipal development and reform department is the competent investment department of this Municipality, which is responsible for the examination and approval of investment project proposals and feasibility study reports of this Municipality, the preparation and comprehensive management of annual investment project plans.

The municipal finance department is responsible for the supervision and management of financial funds for investment projects in this Municipality. The relevant administrative departments of state-owned assets, planning, land and housing management, construction, environmental protection, auditing and supervision shall undertake the supervision and management of investment projects within their respective functions and duties. Article 4 Government investment is mainly used to strengthen public welfare undertakings and public infrastructure construction, protect and improve the ecological environment, promote the coordinated development of urban and rural areas, and promote the construction of a modern industrial system. Article 5 The scale of government investment shall be commensurate with the financial affordability, and the principle of living within the limits of revenues and overall balance shall be followed. The municipal investment department shall, jointly with the finance and other relevant departments, comprehensively consider the requirements of national economic and social development and the government's financial resources, and study and put forward suggestions on the scale of government investment. Article 6 Government investment in fixed assets shall conform to the national industrial policies and development and construction plans, and conform to the provisions on resource utilization, environmental protection, energy conservation and emission reduction.

Government investment in fixed assets should be carried out in strict accordance with the approved plan to prevent over-planned construction.

Government investment in fixed assets shall implement the basic construction procedures, adhere to the principle of first survey, then design and then construction, and prohibit survey, design and construction.

Government investment in fixed assets should adhere to the principle that budgetary estimate controls budgetary estimate, budgetary estimate controls budget and budgetary control controls final accounts. Article 7 The municipal department in charge of investment shall, on the basis of laws and regulations, relevant national and provincial policies, regional planning, and long-term planning, special planning, development and construction planning for the national economic and social development of this Municipality, and on the basis of listening to public opinions, prepare the long-term planning for government investment at the corresponding level according to the financial situation. Article 8 For investment projects with direct investment and capital injection, the project proposal, feasibility study report, preliminary design and budgetary estimate shall be examined and approved in turn according to the preliminary work examination and approval procedures.

Projects that arrange government investment funds in the form of investment subsidies or interest subsidies shall examine and approve the fund application report.

Project proposal, feasibility study report and fund application report shall be prepared in accordance with the relevant provisions of the state, province and city. Article 9 Before examining and approving the feasibility study report of an investment project, the examination and approval department shall listen to the opinions of all sectors of society and the public, except for projects involving state secrets. Article 10 The municipal investment department shall establish a reserve system for investment projects. The relevant administrative departments of the city shall, according to the long-term planning of government investment, put forward investment projects and carry out the preliminary research work of the project. After the project feasibility study report is approved, the municipal investment department will include it in the investment project reserve. Eleventh preliminary design and budget review of investment projects shall be implemented in accordance with the relevant provisions of the state, province and city.

If the difference between the preliminary design budget and the approved feasibility study investment budget exceeds 10%, or the construction unit and construction site change, and the construction scale and technical scheme change significantly, the construction unit shall re-compile the project feasibility study report for approval. Twelfth relevant municipal administrative departments shall, in accordance with the following provisions, declare the annual investment plan of the department to the municipal investment department:

(1) Continued construction projects can be directly declared and incorporated into the annual investment project plan;

(two) the newly started projects should generally be selected from the investment project reserve, and the preliminary design and budgetary estimate can be declared into the annual investment project plan after approval. Thirteenth municipal investment departments shall, jointly with the municipal finance and other relevant departments, review the annual investment projects declared by the relevant administrative departments, prepare and put forward the draft annual investment project plan, and report it to the Municipal People's government for review. Article 14 After the preparation of the draft annual investment project plan, the Municipal People's Government shall incorporate the total annual investment scale and major project plans into the draft annual national economic and social development plan, and submit them to the Standing Committee of the Municipal People's Congress fifteen days before the meeting of the Municipal People's Congress is held.

The Financial and Economic Committee of the Municipal People's Congress shall convene a plenary meeting in time to review the annual draft plan for national economic and social development, the annual total investment scale and the draft plan for major projects, and submit a preliminary report.

The person in charge of the municipal investment department shall attend the plenary meeting of the Financial and Economic Committee as nonvoting delegates, explaining the principles and related issues in the preparation of the draft investment project plan. Article 15 After the draft annual plan for national economic and social development is examined and approved by the Municipal People's Congress, the Municipal People's Government shall issue the annual investment project plan within 45 days and send it to the Standing Committee of the Municipal People's Congress for the record.

The Municipal People's Government shall announce to the public the total annual investment scale and major investment project plans, except those involving state secrets.