All district governments and municipal government直属 units:

To deeply implement the scientific development concept, fully mobilize and leverage the initiative of social investment, and enhance economic vitality and synergy, in accordance with the “Several Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment,” the “Pearl River Delta Region Reform and Development Planning Outline (2008-2020)” approved by the State Council, and the “Shenzhen Comprehensive Supporting Reform Overall Plan,” the following opinions are hereby provided to further encourage and guide social investment:

I. Overall Requirements for Further Encouraging and Guiding Social Investment

(1) Definition and Scope. Social investment refers to investment other than government investment, mainly including private investment with collective, shareholding cooperative, joint venture, limited liability company, joint stock company, private, and individual entities as investment subjects, investment by state-owned or state-controlled enterprise units, and foreign investment with foreign or Hong Kong, Macao, and Taiwan business entities as investment subjects.

(2) Significant Importance. Further encouraging and guiding social investment is beneficial for continuing to expand effective investment demand, promoting stable and relatively rapid economic and social development; for optimizing and adjusting the investment structure, improving the quality and efficiency of economic and social development; for stimulating the internal driving force of economic development, enhancing the city’s comprehensive strength and development potential; for increasing employment and revitalizing the market, accelerating the construction of a happy and prosperous city for the people; and for deepening the reform of the investment system, establishing and improving a socialist market economic system.

(3) Guiding Ideology. In accordance with the overall requirements for perfecting the socialist market economic system, fully leverage the fundamental role of the market in allocating resources, encourage and guide social capital to enter industries and fields not explicitly prohibited by laws and regulations, focus on standardizing market access thresholds, broaden the fields and scope of social investment; focus on protecting the legitimate rights and interests of social investment, creating a fair competition and equal access market environment; focus on optimizing and adjusting the investment structure, promoting the rational flow and effective allocation of production factors; focus on deepening investment and financing system reform, enriching and improving social investment financing channels; focus on enhancing policy synergy and linkage, steadily building a new social investment system characterized by government guidance, enterprise decision-making, complete policies, standardized self-discipline, fairness and openness, and healthy activity.

(4) Basic Principles. Adhere to government guidance and enterprise decision-making, with government investment and social investment mutually promoting and complementing each other to enhance the confidence and willingness of social investment; adhere to reform and innovation, pioneering and experimentation, with multiple measures to lower thresholds and broaden scope, expanding the depth and breadth of social investment; adhere to fairness and openness, with key support, and policy incentives and service guidance complementing each other to ensure the rights and benefits of social investment; adhere to international orientation and strategic introduction, with domestic capital and foreign capital integrated development to enhance the vitality and tension of social investment; adhere to basing on the present and looking to the long term, with overall balance and structural optimization coordinated to improve the quality and efficiency of social investment.

II. Further Broadening the Fields and Scope of Social Investment

(5) Operational Infrastructure Fields. Through project legal person bidding, share issuance, and other methods, promote social capital to participate in the investment, construction, operation, and management of operational infrastructure such as intercity and urban rail transit, highways, airports, ports, information facilities, and communications through equity participation, controlling stakes, sole proprietorship, joint ventures, cooperation, joint operations, acquisitions, and franchising. For completed state-owned operational infrastructure investment projects, the property rights or operating rights may be transferred to other social enterprises according to law after approval.

(6) Basic Industries Fields. Encourage social capital to invest in the construction of natural gas and refined oil storage, transportation, and pipeline facilities and networks, new energy industries such as wind, solar, geothermal, and biomass energy, and engineering projects to improve the utilization rate of oil, gas, and electricity resources, as well as basic industries such as chemicals and raw materials. Support social capital to participate in the construction of hydropower and thermal power stations through sole proprietorship, controlling stakes, or equity participation, and participate in the construction of nuclear power stations through equity participation. Accelerate the deepening of monopoly industry reform, introduce competition mechanisms, and achieve diversification of investment entities. Encourage social capital to expand channels into basic industries through expanding bond financing scale and accelerating the development of equity financing and other methods.

(7) Municipal Public Utilities Fields. Promote social capital to invest in the construction of municipal facilities such as water supply, gas supply, sewage treatment, and waste treatment, and encourage social capital to enter fields such as public transportation, urban greening, municipal public facility management and

Pearl River Delta Region

The Pearl River Delta Region in southern China is a highly urbanized and economically dynamic area, encompassing major cities like Guangzhou, Shenzhen, Hong Kong, and Macau. Historically, it was a key center of trade and agriculture, but over the past few decades, it has transformed into the world’s largest manufacturing hub and a global financial powerhouse. Its rapid development, driven by economic reforms and foreign investment, has made it a symbol of China’s modern economic miracle.

Shenzhen

Shenzhen is a major city in southern China, known for its rapid transformation from a small fishing village into a global technology and innovation hub. Its modern history began in 1979 when it was designated as China’s first Special Economic Zone, driving explosive economic growth and urbanization. Today, it is a bustling metropolis famous for its skyline, tech companies like Huawei and Tencent, and vibrant cultural scene.