The State Council'S Key To The Financing Of Local Public Funds Is Still The Key.

The private investment problems of the inspection team in various parts of the country mainly include financing difficulties, expensive financing, high access threshold, and insufficient implementation of policies to promote private capital.

As of May 30th,

The 9 private investment inspection teams dispatched have completed 10 days' supervision of 18 provinces (autonomous regions and municipalities).

Statistics show that in 1-4 months, the decline in private investment growth has not improved.

According to the regional perspective, the fixed assets investment in the eastern region was 40763 billion yuan, an increase of 7.7% over the previous year, and the growth rate dropped 0.2 percentage points over the 1-3 month period. The central region was 24036 yuan, an increase of 6.8%, and the growth rate increased by 0.6 percentage points; the western region was 14870 billion yuan, 2.9% growth, and the growth rate dropped by 0.3 percentage points; the northeast area 272 billion 400 million yuan, decreased by 272 billion 400 million, and the decline increased by 0.3 percentage points.

The supervision of private investment policy implementation, access, services, environment and other content, all over the country announced the inspection process.

According to the twenty-first Century economic report reporter combing, the inspection group's feedback on private investment mainly includes financing difficulties, financing high, high entry threshold, and promoting the implementation of the policy of private capital is not in place.

Financing is difficult and expensive is still the main reason.

In 1-4 months of this year, private investment in Zhejiang province was 416 billion 200 million yuan, an increase of 3.1% over the same period last year, and the growth rate dropped 7.3 percentage points over the same period last year.

In 1-4 months, private investment in Jiangsu province was 1 trillion and 36 billion 741 million yuan, an increase of 11.2% over the previous year, down 1.5 percentage points.

According to the feedback information from various inspection teams, financing is still an important problem in the development of private capital, and the role of PPP mode is very limited.

According to the data of the PPP center of the Ministry of finance, as of May 12th, there were 8043 PPP projects launched by governments across the country, with a total value of 93103 billion yuan.

At present, the real landing project is only 22%.

When inspecting the inspection team in Heilongjiang, the inspection group pointed out that the total amount of local private economy is still small, the quality is not high, the structure is not reasonable, there are still some problems such as heavy burden of private enterprises, lack of talents, financing difficulties and high financing.

A family in Haining, Zhejiang

In an interview with the economic news reporters in twenty-first Century, the head of the company pointed out that for private enterprises, the main difficulty in pformation and upgrading is capital. "Only with capital can technology and talents be available, but the state's industrial funds and bank loans can not reach such small businesses as ours."

The inspection team also pointed out that all funds invested by the government, loan pfer funds, and cooperation with financial institutions to innovate credit varieties have played a certain role.

But as enterprises say, banks will give priority to loans to the most advanced enterprises in terms of enterprise size, and the status of private enterprises is far less than that of state-owned enterprises.

One of the reasons why some enterprises have applied for more PPP projects has been rejected. One of the reasons is that state-owned enterprises can borrow money from banks to lower cost.

Entrepreneurs everywhere admit that although the PPP project is nominally cooperative between the government and the social capital, private enterprises are often difficult to participate in the actual operation.

Even when the State Council encourages and guides private enterprises to participate in the restructuring and reorganization of state-owned enterprises, the local authorities are only willing to sell them to state-owned enterprises when they resolve "zombie enterprises".

High threshold for access to private enterprises "no way"

During the inspection, many private entrepreneurs expressed willingness to participate in investment in infrastructure, social undertakings and financial services.

But all kinds of "doors" are standing there, which discourages private enterprises.

Pan Yigang, director general of the Zhejiang Provincial Development Planning Research Institute, in an interview with the twenty-first Century economic report, stressed that under the background of over two years of overcapacity and structural adjustment, investment in private capital was limited by "glass doors" and "spring doors". Telecommunications, high-speed railways and private capital could not get in, and monopolized industries could not get in.

These factors seriously hurt the enthusiasm of private investment.

Many respondents said that because of the government background, the participation of state-owned enterprises was considered.

Better control and private enterprises are locked out because of lack of protection in this area.

For example, the state has repeatedly stressed that it is not necessary to set up unnecessary entry conditions in project bidding. However, some places still regard the non essential high qualification such as "Surveying and mapping grade a" as the market access conditions for unified registration of real estate, and a large number of private companies with low qualification are excluded.

In addition, some government bidding projects, a target of about 1000000 yuan, the registered capital requirements of bidding companies to reach more than 50 million yuan, "shielding" a number of small and medium-sized private enterprises.

Premier Li Keqiang also stressed the "no door" phenomenon at the previous executive session of the State Council. "To be honest, some private enterprises are facing problems such as glass doors, spring doors, revolving doors, but no door!" I don't know where the door is.

In addition, according to private enterprises, enterprises are regarded as guests when attracting investment, but after the project has been put into operation, the conditions of local governments' promises are generally not fulfilled. Some provinces have complicated issues such as complex licensing procedures, low administrative efficiency and so on.

Most of the respondents said: "most areas should be open to private capital, there are many qualified private enterprises, and the quality and safety of the products of private enterprises can not be carefully reviewed and supervised, but private enterprises should not be completely shut out."

In some areas, private investment has improved.

In this inspection, as the northeast old industrial base in Heilongjiang and Jilin, private investment grew rapidly, its policy support for in-depth reform and entrepreneurial innovation in the private investment field was also attached importance to by the inspection team.

For example, data show that in the first 4 months of this year, private investment in Heilongjiang increased by 13.1%, which is 7.9 percentage points higher than the growth rate of private investment in China.

The inspection team concluded that Heilongjiang province mainly embodied three characteristics in promoting private investment: first, vigorously promoting the development of the environment and improving government services; two, deepening the reform and broadening the scope of private investment; and three, relying on the resource advantages of the province, vigorously promoting the entrepreneurship of farmers.

However, the growth of private investment in these northeast provinces is also related to the low base.

In addition, the inspection team affirmed the experience of Beijing, especially the Zhongguancun area, in encouraging private investment.

In view of the serious decline of private investment, Zhejiang Province declared that it would further expand effective investment and promote private investment to land.

913 major projects were planned this year, with a planned investment of about 830000000000 yuan.

At present, including the consensus of the government and the business community, the potential of private investment is huge. But how to solve the problem of "last mile" of the policy and effectively promote the growth of private investment is a major issue considering the wisdom of policy.