Premier Li Keqiang proposed in his government work report on the 5th that we should unswervingly deepen reform and stimulate market vitality and endogenous driving force for development; Properly handle the relationship between the government and the market, make the market play a decisive role in resource allocation, give better play to the role of the government, and build a high-level socialist market economic system.
On the same day, at the first "Ministerial channel" of the fifth session of the 13th National People's Congress, he Lifeng, director of the national development and Reform Commission, said, "the key to stabilizing investment is to give play to the decisive role of the market in allocating resources and give better play to the role of the government." These include two "Keywords": market allocation of resources and the role of government.
"Making progress while maintaining stability" is an important guideline for the current economic and social work, and stable investment is an important aspect of "six stabilities" and "six guarantees". The amount of investment is often huge and far-reaching. How to achieve this "stability" in the investment field is nothing more than three aspects: first, the investment goal should be accurate, second, the decisive role of the market in allocating resources should be played, and third, the role of the government should be better played. These three are a complete logical chain, which are indispensable.
First of all, we should see the importance of accurate investment, that is, the investment direction should conform to the current new development concept. In the process of building a new development pattern and promoting high-quality development, there are many investment opportunities. The key is to invest accurately and arrange projects accurately.
According to the government work report, 640 billion yuan will be invested in the central budget this year, an increase of 30 billion yuan over the previous year. In addition, it is planned to arrange 3.65 trillion yuan of special bonds for local governments this year. He Lifeng said at the above "Ministerial channel" that at present, the national development and Reform Commission has broken down more than 2600 projects around the 102 major projects determined in the 14th five year plan, and is promoting their implementation in a stable and orderly manner.
In the future, precision investment will continue to anchor the field of infrastructure construction, especially the emerging industries closely combined with "double carbon", consistent with the new development concept and suitable for high-quality development. It also includes the need to focus on new urbanization, including slimming in mega cities and making up for the shortcomings of large and medium-sized cities. At the same time, it also includes investment in pension, nursery education, education, medical and health care and other fields.
Secondly, stable investment should give full play to the decisive role of the market in allocating resources. Although the state and local governments have gradually increased their support for investment, the funding gap is still large in the future. He Lifeng said that in the future, private investment should account for the majority of the whole investment, play the role of leading major projects and leveraging government investment, improve relevant support policies and fully mobilize the enthusiasm of private investment. In other words, in the future, through government investment and financial support, we should drive market players to increase social investment and realize the multiplier effect.
To realize this "multiplier effect", we need to do at least two things: first, improve the open and flexible investment system and mechanism, break through some original institutional obstacles, let alone set new obstacles, and treat all market subjects equally, including ensuring the use of land, energy and other factors in project approval, as well as the smooth flow of financing channels; Second, we should further improve the benefit mechanism of social capital investment, protect the legitimate rights and interests of social capital and enhance long-term investment confidence. At present, the fields that need large-scale investment include pension, nursery education, education, health care and other fields. Although the enthusiasm for social capital investment is very high, the system needs to be further clarified in terms of the social responsibility effect of investment and the return on capital investment. Only when the "active water" continues can a "River" be formed.
Third, both precise investment and market allocation of resources are inseparable from giving better play to the role of the government,
The government's decision is the general direction of investment, including moderately advanced infrastructure investment, more government investment in livelihood projects, etc. These are the "blue ocean" for enterprises to invest in the future.
At present, some provinces have put forward investment plans of more than one trillion yuan, which will not only provide a more stable foundation and Beijing Dynamic Power Co.Ltd(600405) spring for economic development, but also bring opportunities to many capital, including social capital. To grasp this opportunity, it is important to grasp the three factors mentioned above: accurate investment direction, market allocation factors and the guidance of government decision-making.
