BEIJING, May 21 (Xinhua) -- Beijing Municipal Commission of Development and Reform recently promoted 111 projects involving a total investment of 133.4 billion yuan as the first batch of key projects for 2021 to further boost social investment, according to information released by the authority on its official website on Thursday.
The authority intends to bring in about 57.7 billion yuan of private capital for the projects.
The projects are promoted as they are in line with the functions of Beijing as the capital of China, have clear investment return mechanism and great potential for business model innovation.
The projects cover eight key areas, including high-tech manufacturing, business services, information services, urban renewal and housing security, infrastructure, education and sports, healthcare and elderly care, culture and tourism.
Of the total, business services, next generation information technology and urban renewal involves the largest amount of investment, which are 49 billion yuan, 21.4 billion yuan and 20.9 billion yuan, respectively.
In the promotion campaign, Beijing highlighted broadening the channels for participation of private capital. Equity investment methods such as public-private partnership (PPP) and cooperative development and construction were adopted to attract social investment in a total of 75 projects, or 68 percent of the total.
Since 2018, Beijing Municipal Commission of Development and Reform has promoted five batches of 377 key projects with a total investment of over 500 billion yuan to the public.
During the January-April period, Beijing's private investment achieved a year-on-year growth of 11.7 percent, up 29.4 percent over the same period of 2019. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
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