According to reports, the Guangdong Provincial Government held the 2014 Major Projects Private Investment Bidding Promotion Conference in Guangzhou yesterday, unveiling a total of 97 projects with a total investment of 212 billion yuan.
The reporter saw from the list of projects open to private bidding that the 97 projects involve infrastructure, municipal public utilities, social undertakings, commerce and trade circulation, and financial services, among other fields. Among them, municipal public utilities account for the largest share, with 33 projects in total; social undertakings account for 29; infrastructure 28; commerce and trade circulation 5; and finance 2. In terms of investment amount, infrastructure, at 175.3 billion yuan, became an important part of this promotion conference, covering urban rail transit, subways, railways, highways, wharves, and other aspects. It is worth noting that the financial sector has entered the list of promoted projects for the first time, which also means that the boundary of Guangdong's opening to private capital is continuously expanding and extending toward highly monopolized sectors.
Xu Shaohua, member of the Standing Committee of the CPC Guangdong Provincial Committee and Executive Vice Governor, said at the promotion conference that Guangdong will next focus on removing institutional and mechanism obstacles restricting private investment and promote major development and upgrading of private investment across the province. This includes: relaxing enterprise investment access with a negative list, standardizing government approval with a standardized list, and regulating the behavior of investment entities with a regulatory list; at the same time, studying and formulating management measures for competitive allocation of public resource development and utilization projects, selecting investment entities for projects involving the development and utilization of public resources through public bidding and other competitive methods, and creating conditions for private capital to enter relevant industries and fields; and planning to basically complete all tasks of industrial and commercial registration system reform across the province before the end of this year, further loosening restrictions on the development of private investment.
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