On November 10, the General Office of the State Council released the Several Measures on Further Promoting the Development of Private Investment, outlining 13 practical measures aimed at expanding market access, removing bottlenecks, and strengthening support guarantees. Yuqing QI, Deputy Director and Researcher at the Institute of Economic Systems and Management under the National Development and Reform Commission (NDRC), stated that these measures address the actual constraints currently facing private investment. He noted that while maintaining policy stability and consistency, the 13 measures are innovative, targeted, and operational, conducive to further promoting the high-quality development of private investment.

In an interview with the 21st Century Business Herald, Lijian SUN, Director of the Financial Research Center at the Fudan Development Institute, pointed out that the Measures are designed to stimulate the vitality of private investment by expanding market access, specifically guiding private capital into major infrastructure projects and perfecting investment and financing support systems. He highlighted that the policy focus encompasses five major sectors and establishes three priority channels. The core motivations of the policy are to stabilize expectations, strengthen confidence, and promote transformation, operating in linkage with relevant laws. Professor Sun emphasized that the development of the private economy faces bottlenecks and pain points such as market access and financing support, which necessitates a profound transformation in policy philosophy and government functions—specifically, an evolution from management to governance. He further observed that this policy is not a single-point stimulus; rather, it exerts force simultaneously across five links to generate a triple effect. The policy priorities are concentrated in four directions, aiming to achieve three major goals: stimulating vitality, promoting fair competition, and ensuring high-quality development.

Translated by Yicheng SU

Full text in Chinese available at:

https://fddi.fudan.edu.cn/89/19/c18965a755993/page.htm