BEIJING, Nov. 26 (Xinhua) -- Chinese authorities are expected to introduce regulations on public private partnership (PPP) at the end of this year, and PPP supporting policies and measures are also under way, as learned the Xinhua-run Economic Information Daily at a recent forum in Shanghai.
As required in the documents of State Council, China's cabinet, China will try to introduce the PPP regulations at the end of this year, said Zhou Jinsong, deputy head of the Treaty and Laws Department of the Ministry of Finance (MOF).
The MOF will also publish a guideline on PPP development soon, while currently formulating a series of evaluation indications on financial endurance, PPP risk management, and PPP performance management, paving the way for a standard system for PPP project management, according to Jiao Xiaoping, director of China PPP Center of the MOF.
In addition, China's central bank will cooperate with relevant government authorities to regulate and innovate PPP financing model, and promote the asset securitization of PPP projects, in order to make PPP an effective mechanism and platform for multi-party win-win, according to Zeng Hui, official at the Financial Market Department of the People's Bank of China. (Edited by Li Wenxin, liwenxin@xinhua.org)
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