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China is planning to attract more private investment in key sectors such as energy and telecoms through policy support and a more “fair” investment environment, Chinese Premier Li Keqiang said on Friday at a State Council meeting, Chinese state-run Xinhua News Agency reports.
Hydropower and nuclear power will be open to private investors, in addition to transmission channels, trunk grid, distributed generation connections, and charging equipment for electric vehicles, Li said.
Telecoms will allow investment in construction and operation of broadband, space facilities for civil use such as GPS navigation and remote sensing satellites, Li said.
Li also encouraged investors to consider agriculture and water conservation with equal policy support for state-owned and private ownership investment along with infrastructure, Li added.
Li said that lower thresholds and fewer monopolies will bring opportunities and profits for private investors.
Additional social funding in key sectors will help to stimulate the market, guarantee investment, and also stabilize growth, Li said.
Premier Li said he would also like to see an industrial venture investment fund and equity financing.
The meeting highlighted the cooperation between government and private investors through innovation in loans, credit guarantees, and insurance for long-term, low-cost, and stable capital support, the Xinhua report said.
Source: Xinhua
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