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New rules let private investors hold over 10% stakes in rail, nuclear, and energy projects to boost investment amid economic challenges, officials said.
- China's State Council unveiled a 13-point document on Monday to promote private investment, allowing private investors to hold 10% or higher stakes in eligible projects.
- Weakness in the non-state sector has deep economic implications, supplying over 50% of tax income, 60% of GDP and 80% of urban employment, as private companies pulled back amid dimmed earnings and trade frictions.
- Eligible projects span rail infrastructure, nuclear power projects, hydropower and cross-region transmission lines, oil and gas pipelines, LNG import and storage, and water supply projects, with the cabinet allowing stakes up to 10% in five nuclear power projects.
- At a Tuesday briefing, Guan Peng and Xu Xin said the measures send a signal to promote private investment and will strengthen support for attracting private capital into energy.
- For projects seeking central approval, feasibility evaluations on attracting private investment are now required, aiming to reduce restrictions as inbound foreign direct investment falls more than 10%.
11 Articles
11 Articles
China is opening up several of its industrial sectors to private investment in sectors previously dominated by the state and considered sensitive, such as the energy sector.
China Opens State Energy Projects to Private Investment
China is encouraging private investment in state-led major energy and infrastructure projects and could allow private investors to have more than 10% in certain projects, the government said in a landmark directive aimed at boosting investment and reinvigorating the economy. The projects open to minority private shareholding will need state approval and can be in railways infrastructure, nuclear power, hydropower, inter-provincial and inter-regi…
China Allows Bigger Private Stakes in Huge State-Driven Projects
(Bloomberg) — China will allow private investors to hold stakes of more than 10% in some railway and energy projects that were mostly funded by government money, effectively setting no limit to non-state participation in the ventures.
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