All district governments, and all directly subordinate units of the municipal government:
To deeply implement the Scientific Outlook on Development, fully mobilize and leverage the enthusiasm of social investment, and enhance the vitality and synergy of economic development, 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 Plan Outline (2008–2020)” approved by the State Council, and the “Shenzhen Comprehensive Reform Overall Plan,” the following opinions are hereby proposed to further encourage and guide social investment:
I. Overall Requirements for Further Encouraging and Guiding Social Investment
(1) Definition Scope. Social investment refers to investment outside of government investment, primarily including private investment with entities such as collectives, shareholding cooperatives, joint ventures, limited liability companies, joint-stock companies, private enterprises, and individuals as the main investors; investment by state-owned or state-controlled enterprises; and foreign investment with foreign, Hong Kong, Macao, or Taiwan-invested enterprises as the main investors.
(2) Significant Importance. Further encouraging and guiding social investment is beneficial for continuing to expand effective investment demand and promoting stable and relatively fast economic and social development; for optimizing and adjusting the investment structure and improving the quality and efficiency of economic and social development; for stimulating the endogenous driving force of economic development and enhancing the city’s comprehensive strength and development momentum; for increasing employment and enlivening the market, accelerating the construction of a happy and livable city; and for deepening investment system reform and establishing a sound socialist market economy system.
(3) Guiding Ideology. In accordance with the overall requirements for perfecting the socialist market economy system, fully leverage the fundamental role of the market in resource allocation, 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, 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, enhancing the confidence and willingness of social investment; adhere to reform, innovation, and piloting, lowering thresholds and broadening scope through multiple measures, expanding the depth and breadth of social investment; adhere to fairness, openness, and key support, with policy incentives and service guidance complementing each other, safeguarding the rights and returns of social investment; adhere to international orientation and strategic introduction, integrating domestic capital with foreign capital, enhancing the vitality and tension of social investment; adhere to focusing on the present while looking to the future, balancing total volume and optimizing structure, improving the quality and efficiency of social investment.
II. Further Broadening the Fields and Scope of Social Investment
(5) Operational Infrastructure Field. 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, with approval, the property rights or operational rights may be legally transferred to other social enterprises.
(6) Basic Industries Field. 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 that improve the utilization rate of oil, gas, and electricity resources, as well as basic industries such as chemicals and raw materials. Support social capital in participating in the construction of hydropower stations and thermal power stations through sole proprietorship, controlling stakes, or equity participation, and in participating in the construction of nuclear power stations through equity participation. Accelerate the deepening of monopoly industry system reform, introduce competition mechanisms, and achieve diversification of investment entities. Encourage social capital to broaden channels for entering basic industries by expanding bond financing scale and accelerating the development of equity financing and other methods.
(7) Municipal Public Utilities Field. Promote social capital investment in the construction of municipal facility projects such as water supply, gas supply, sewage treatment, and waste treatment; encourage social capital to enter fields such as public transportation, urban
