In order to implement the Circular Economy Promotion Law of the People's Republic of China (hereinafter referred to as the Circular Economy Promotion Law) and Several Opinions of the State Council on Accelerating the Development of Circular Economy (Guo Fa [2005] No.22), we will increase investment and financing policy support for the development of circular economy, promote the scale formation of circular economy, speed up the adjustment of economic structure, change the mode of economic development and build a resource-saving and environment-friendly society.
First, fully understand the significance of increasing investment and financing policy support for the development of circular economy.
(A) the development of circular economy is a major strategy for national economic and social development. Circular economy refers to reduction, reuse and recycling activities in the process of production, circulation and consumption. It is an economic development model that saves resources and protects the environment to the maximum extent, and it is an important content of implementing the sustainable development strategy. The CPC Central Committee and the State Council attached great importance to the development of circular economy. The Fifth Plenary Session of the 16th CPC Central Committee pointed out that "we should take resource conservation as the basic national policy, develop circular economy, protect the ecological environment, and accelerate the construction of a resource-saving and environment-friendly society." The Outline of the Eleventh Five-Year Plan for National Economic and Social Development regards the development of circular economy as a major strategic task. The 17th National Congress of the Communist Party of China has put forward higher requirements for promoting the formation of circular economy on a large scale. The Circular Economy Promotion Law establishes the development of circular economy as an important strategy for national economic and social development. The State Council issued "Several Opinions on Accelerating the Development of Circular Economy", proposing vigorously developing circular economy, realizing the unification of economic benefits, environmental benefits and social benefits, and making overall arrangements for the development of circular economy.
(B) The development of circular economy requires the establishment of investment and financing policy support system. Developing circular economy should not only give full play to the role of market mechanism, but also emphasize the leading role of government. It requires the government to comprehensively use policies and measures such as planning, investment, industry, price, taxation and finance to establish a benign, market-oriented investment and financing policy support system and environment conducive to the development of circular economy, form an effective incentive mechanism, guide social funds to invest in circular economy, and effectively solve the problem of insufficient investment in developing circular economy. All regions should take the development of circular economy as an inherent requirement for implementing Scientific Outlook on Development and building a resource-saving and environment-friendly society, as a breakthrough and an important starting point for adjusting the economic structure and transforming the mode of economic development, enhance the sense of urgency and responsibility, establish and improve the investment and financing policy support system, accelerate the formation of a large-scale circular economy, and realize sound and rapid economic and social development. At the same time, relevant financial institutions should seize the favorable opportunity for the country to vigorously develop circular economy, fully consider the characteristics of circular economy enterprises and projects, steadily and orderly carry out financial services to promote the development of circular economy, and strive to seek new profit growth points by increasing financial support for circular economy.
Second, give full play to the guiding role of government planning, investment, industry and price policies.
(A) to develop a circular economy development plan. The comprehensive management departments of circular economy development around the country shall, jointly with relevant departments, formulate the "Twelfth Five-Year" circular economy development plan in the region according to the requirements of the Circular Economy Promotion Law and local conditions. Development planning should include planning objectives, scope of application, main contents, key tasks and safeguard measures, and stipulate indicators such as resource output rate, waste reuse and resource utilization rate. It is necessary to take the development of circular economy as an important guiding principle for the preparation of the regional "Twelfth Five-Year Plan" and put it in an important position, and use the concept of circular economy to guide the preparation of various special plans, regional plans and urban plans. It is necessary to determine the key areas, key projects and major projects for developing circular economy through planning, and point out the direction for social funds to invest in circular economy. The National Development and Reform Commission will issue guidelines for the preparation of local circular economy development plans in due course.
(2) Increase support for circular economy investment. When formulating and implementing investment plans, local development and reform commissions should list circular economy projects such as "reduction, recycling and reuse" as key investment areas. For major projects and technology demonstration industrialization projects to develop circular economy, we should increase support through direct investment, financial subsidies, loan interest subsidies and other ways, and give full play to the guiding role of government investment in social investment.
(3) Study and improve industrial policies to promote the development of circular economy. Local development and reform commissions should, in accordance with the relevant provisions of the national industrial restructuring, base on the existing foundation and comparative advantages, carefully clean up the unreasonable provisions that restrict the development of circular economy, formulate and refine the industrial policy system that is conducive to the development of circular economy, guide social funds to invest in resource recycling industries, increase the demonstration and promotion of circular economy technologies, equipment and products, and form new economic growth points.
(four) to study the relevant price and charging policies to promote the development of circular economy. Local development and reform commissions (price departments) should gradually establish a price mechanism that can reflect the scarcity of resources and the cost of environmental damage. Encourage the implementation of a stepped water price system for residents' domestic water, reasonably determine the price of reclaimed water, and improve the level of water resources reuse. It is necessary to rationally adjust the charging standards such as sewage and garbage disposal fees and sewage charges, and encourage enterprises to achieve "zero emission". It is necessary to guide consumers to use energy-saving, water-saving, material-saving and resource recycling products by adjusting prices and improving charging policies, and guide social funds to increase investment in circular economy projects.
Third, comprehensively improve and upgrade financial services that support the development of circular economy.
(1) Defining the key points of credit support. Reduction projects such as energy saving, water saving, material saving, comprehensive utilization, clean production, seawater desalination and "zero" emission supported by the national and provincial comprehensive management departments for circular economy development, resource projects such as remanufacturing of used automobile parts, construction machinery, machine tools and other products, and resource projects such as waste materials, bulk industrial wastes, construction wastes, agricultural and forestry wastes, urban typical wastes, wastewater and sludge, Banking Financial Banking financial institutions should actively provide diversified credit support including credit loans to the circular economy demonstration pilot parks and enterprises approved by the national and provincial circular economy development comprehensive management departments, and do a good job in financial services such as investment consultation, fund settlement and cash management; Deepen and extend the supporting services of circular economy industry, and actively support the construction and operation of circular economy infrastructure, related public technical service platforms and public network information service platforms in demonstration cities, counties and parks. At the same time, for enterprises that produce, import, sell or use technologies, processes, equipment, materials or products included in the elimination list, banking financial institutions shall not provide any new credit support, and the original credit shall be gradually compressed and recovered.
(2) Actively innovate financial products and services. Banking financial institutions should make full use of the business development opportunities brought by the implementation of the circular economy development strategy, strengthen financial innovation, and improve the quality and efficiency of financial services. Actively develop innovative credit products related to circular economy through dynamic monitoring and circular credit granting. Broaden the scope of mortgage guarantee, innovate guarantee methods, and study and promote loan business such as accounts receivable, pledge of charging rights and pledge of intangible assets including proprietary knowledge and technology, licensed patents and copyrights. According to the business scale of the institution, the risk characteristics of the credit industry and customers, strengthen personnel training, introduce relevant professionals, accumulate professional knowledge related to circular economy through third-party evaluation or outsourcing, and strive to improve the credit management ability of the institution for circular enterprises and projects involving "reduction, reuse and resource utilization".
Fourth, expand direct financing channels through multiple channels to promote the development of circular economy.
(1) actively support the development of circular economy through various debt financing products and means. For national and provincial circular economy demonstration pilot parks and enterprises with good comprehensive economic benefits, support them to issue corporate (company) bonds, convertible bonds, short-term financing bonds, medium-term notes and other direct financing tools under the conditions. Explore the issuance of collective bonds by small and medium-sized enterprises in the circular economy demonstration pilot park. Encourage all kinds of guarantee institutions to provide guarantee services for issuing debt financing products.
(2) Give play to the capital support role of equity investment funds and venture capital enterprises. Encourage legally established industrial investment funds (equity investment funds) to invest in enterprises and projects that recycle resources, and encourage social funds to invest in industries that recycle resources through equity participation or creditor's rights. Accelerate the implementation of the venture capital plan for emerging industries, give play to the leverage of policy venture capital guidance funds at all levels, guide social funds to set up venture capital enterprises that recycle major investment resources and projects, support the rapid development of start-ups in circular economy, and promote the industrialization of technologies related to circular economy.
(3) Actively support the listing and financing of resource recycling enterprises. Give full play to the role of capital market in developing circular economy, and encourage and support qualified resource recycling enterprises to apply for listing and refinancing at home and abroad. On the premise of meeting the regulatory requirements, enterprises are encouraged to actively invest the funds raised through the stock market in circular economy projects.
Five, increase the use of foreign capital to support the development of circular economy.
(1) Increase foreign loans and support circular economy projects. Actively support qualified circular economy projects to apply for loans from international financial organizations and foreign governments.
(2) Support and encourage circular economy projects to apply for clean development mechanism (CDM) projects. The comprehensive management departments of circular economy development in all localities should strengthen the guidance to investors of circular economy projects, help them to be familiar with the basic rules and operational procedures of CDM projects, and guide some potential projects to carry out CDM cooperation. Select some resource recycling projects to support related method research.
Intransitive verbs strengthen work cooperation and promote the effective implementation of policies.
(1) Establish linkage mechanism. The comprehensive management departments of circular economy development at all levels shall, jointly with the branches of the People's Bank of China and the agencies dispatched by the financial supervision department, establish an information sharing mechanism in terms of policies and regulations, planning, technology, project information, expert resources and personnel training, and take the initiative to do a good job in the docking of enterprises and financial institutions. At the same time, combined with the demonstration and pilot work of developing circular economy, enterprises and projects with good circular economy effect and enterprises and projects with poor resource and environmental benefits should be notified to branches of the People's Bank of China, agencies dispatched by financial supervision departments and relevant financial institutions for their decision-making reference. The relevant financial supervision departments shall approve the issuance of securities for circular economy parks, enterprises and projects with good comprehensive benefits recommended by the comprehensive management department of circular economy development.
(2) Strengthen policy guidance. The comprehensive management departments of circular economy development at all levels should actively study and formulate the methods or standards for the identification of circular economy enterprises and projects, and provide support for the branches of the People's Bank of China, the agencies dispatched by financial supervision departments and relevant financial institutions to support the development of circular economy. At the same time, according to the development characteristics of circular economy in various places, we should study and formulate corresponding supporting policies and measures in conjunction with relevant departments to realize the coordination of policies supporting circular economy. Branches of the People's Bank of China and agencies dispatched by financial supervision departments should track and monitor the financial services of circular economy, summarize and evaluate them in time, strengthen communication and cooperation with the comprehensive management department of circular economy development, establish a regular notification system, and feed back information in time.
(3) formulating implementation opinions. The comprehensive management department of circular economy development at the provincial level, together with the branches of the People's Bank of China and the agencies dispatched by the financial supervision department, will jointly forward this opinion to relevant institutions within the jurisdiction, and formulate specific implementation opinions within the jurisdiction according to this opinion, and report them to the National Development and Reform Commission (Ministry of Environmental Protection), the People's Bank of China (Financial Market Department), the China Banking Regulatory Commission (Policy and Regulation Department) and the China Securities Regulatory Commission (before 20 10). Please give timely feedback on the implementation of this opinion.
National Development and Reform Commission (NDRC)
People's Bank of China
Committee on Banking Supervision
Securities regulatory commission
20 10 April 19