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Central China's Henan issues 22 measures to further boost private investment

July 29, 2020


Abstract : Central China's Henan Province recently issued 22 measures to stimulate vitality of market and promote the high-quality development of private investment, according to Henan Development and Reform Commission, reported by Henan Daily on Tuesday.

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BEIJING, July 29 (Xinhua) -- Central China's Henan Province recently issued 22 measures to stimulate vitality of market and promote the high-quality development of private investment, according to Henan Development and Reform Commission, reported by Henan Daily on Tuesday.

Despite the downward pressure on China's economy and the increasing uncertainties in international market due to the epidemic, the private investment in Henan continues to grow. In the first half of this year, its private investment increased by 2.2 percent year on year, 9.5 percentage points higher than the national average growth rate, which has stimulated Henan's economic growth.

According to the measures issued, Henan will enhance the position of private enterprises in decision-making process which requires government to listen to the opinions from enterprises in major economic projects' decision-making within a certain range. Private capital and state-owned capital will enjoy the same treatment and Henan will include qualified private investment projects into the key projects management system with green channels for approval.

In addition, Henan will effectively reduce the cost of construction factors of private investment and improve the flexible transfer system for industrial land use.

Henan's 21 measures about private investment issued in 2018 aimed at alleviating difficulties for enterprises while the 22 measures introduced this time are expected to further stimulate vitality of market and promote the high-quality development of private investment, which will strengthen the investment confidence of market entities.

It is believed that the high-quality private investment will promote the expansion of effective investment, according to relevant person in charge of Henan Development and Reform Commission.  (Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

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Keyword: Henan private investment

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