Ministry Of Finance: The PPP Financing Support Fund Has Been Set Up.

In September 30th, the Ministry of Finance announced that the Ministry has jointly launched the PPP and China's ten largest financial institutions in the United Nations recently, with a total scale of 180 billion yuan.

The Ministry of Finance said that the fund will focus on supporting the development of PPP projects in the field of public services as a social capital side and improve the availability of project financing.

The establishment of the fund is an important measure for the central financial and financial institutions to implement the notice of the State Council, and is also a deepening financial cooperation and joint support.

The important exploration of development is of positive significance to innovative financial and financial support, optimizing PPP project financing environment and promoting the development of PPP mode.

According to the introduction, the ten major institutions include China Co truction Bank Corp, China Postal Savings Bank Limited by Share Ltd, Agricultural Bank of China Limited by Share Ltd, Bank of China Limited by Share Ltd, China Everbright Group, China, China, China CITIC Group Limited, National Social Security Fund Council, China Life Insurance group.

The fund preparatory group, composed of representatives of various fund investors, has been established at the same time and will carry out follow-up related work with the parties concerned.

In May this year, the general office of the State Council forwarded the notice of the Ministry of finance, the development and Reform Commission and the people's Bank of China on the guiding principles for promoting the cooperation mode of government and social capital in the field of public services.

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In order to ensure that social capital and the public benefit from each other, we will attract social capital to participate in the investment and operation of public goods and public service projects, and improve the supply capacity and efficiency of public goods and public services through the diversified financing channels such as capital market, development and policy finance, etc., so as to ensure that social capital and the public benefit from each other. PPP

In addition, the Ministry of finance has recently disclosed second batch of government and social capital cooperation demonstration projects, involving 206 projects such as Beijing Xingyan expressway project, with a total investment of 658 billion 900 million yuan.

The Ministry of finance requires all departments of finance to fulfill their financial functions and ensure that the implementation of the model projects will be implemented on schedule.

At the same time, we must prevent the responsibility of project expenditure to exceed the upper limit of the overall financial capacity of the region, so as to ensure the long-term sustainability of the financial sector.

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Ma Yun, chairman of the board of directors of Alibaba, China's largest electricity supplier, believes that Americans are too worried about China. They should not be so worried. They should worry more about their country.

Ma Yun believes that the Chinese government has been helping to boost economic growth in recent years, but the driving force of the consumer driven economy may come from entrepreneurs.

Now is the time for the private sector to exert its strength.

This is an opportunity to explore real consumption.

During the annual meeting of the "Clinton Global Initiative" (CGI) founded by former US President Clinton, Ma Yun said that even if there was a heated domestic economic downturn, China also had a special feature that the United States did not have: the Chinese economy could tide over the difficulties.

Americans worry too much about China's economy. "Only when China's expectations are too high, will China become a problem."

Ma Yun believes that the consumption concept of China and the United States is different, and Chinese consumers are also the largest depositors in the world. Even if the economic environment is bad, there are also funds for consumption.

According to the World Bank statistics, China's national savings account for 50% of GDP in 2013, while the United States accounts for only 18%, which is lower than those in Columbia and Namibia.

CNBC quoted Ma Yun as saying:

"Some people say," because China's economy is getting worse, consumption will decrease.

That's not the case.

You Americans like to spend tomorrow's money today. People in other countries may not.

We Chinese love saving money.

"After many years of poverty and money, we put it in the bank, because if one day we know that a disaster is coming, we can still spend money.

You Americans may not be able to do that. You should be worried. "

Some observers worry about the negative impact of China's economic pition, such as the decline in exports, which may lead to a soft landing.

Ma Yun is more partial to the positive impact of pformation, saying that the export driven economy causes environmental pollution, and the environment will gradually improve after turning to import.

Ma Yun is one of the 15 Chinese entrepreneurs who have been accompanied by China's president Xi Jinping this week. In addition to Ma Yun, there are also general managers of Wanxiang Group, Tencent, Lenovo Group, Shuanghui group, Yili Group, Baidu, Haier group, Bank of China, industrial and Commercial Bank of China, COSCO Group, China Construction, new Austrian energy, Yu Huang chemical industry and Tianjin steel pipe group.

In addition to Yu Huang chemical and Tianjin steel pipe, the remaining 13 are publicly listed companies, including Ali and Baidu listed in the United States, Tencent, Lenovo, new Austrian Energy listed in Hongkong, business, Bank of China, Shuanghui development and other A shares listed.

In the 15 enterprises, ICBC and China bank's profit margins were 42% and 37% respectively. The profitability of Internet companies was much higher than that of other industries other than finance. The highest net profit of Ali in BAT reached 45%, while the lowest in Baidu was 21%.