- CNTV English - CCTV News

Homepage > News > Biz >

Private capital encouraged in emerging industries

08-16-2011 16:00 BJT

BEIJING - No threshold should be set when private enterprises invest in China's emerging industries of strategic importance, the National Development and Reform Commission (NDRC) announced in its latest notice.

The emerging industries of strategic importance refer to industries of energy conservation and environmental protection, next-generation IT, biotechnology, new energy, new materials, high-end equipment manufacturing, and clean-energy vehicles.

Apart from requirements for companies to abide by energy conservation and environmental protection regulations, no threshold will be set on the registered capital, investment amount, investment intensity, production capacity, land supply, or procurement for private enterprises.

The notice also announced that private enterprises will now be given equal consideration for public resources such as emerging industry support funds. Local authorities should treat private enterprises and other investors equally when distributing funds and other public resources.

Private enterprises will also be encouraged to set up venture capital and industry investment funds as well as use new financial tools to raise money.

Qualified private enterprises will also get assistance in issuing bonds, getting listed and carrying out new mortgage and guarantee pilots.

Editor:Yang Jie |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program