China Development and Reform Commission to Expand Support for Revitalizing Private Investment
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The National Development and Reform Commission (NDRC) of China recently announced its intention to expand support to revitalize private investment within the country.
The NDRC plans to increase support for key private investment projects and standardize public-private partnership cooperation. Additionally, it aims to encourage the issuance of REITs in the infrastructure sector of private investment projects.
Meng Wei, Director of the NDRC Legal Affairs Department, stated that key private investment projects with large-scale and pilot characteristics that meet regional policy requirements will be regularly selected and included in the national key private investment project database.
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Furthermore, Director Meng emphasized expanding loan support by collaborating with banks and other financial institutions, and pledged to complete preliminary procedures promptly to accelerate project implementation.
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