All district governments and municipal government directly affiliated units:
To thoroughly implement the scientific development concept, fully mobilize and leverage the initiative 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 Planning Outline (2008–2020)” approved by the State Council, and the “Shenzhen Comprehensive Reform Overall Plan,” the following opinions are hereby put forward 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, primarily including private investment with entities such as collectives, joint-stock cooperatives, joint ventures, limited liability companies, joint-stock companies, private enterprises, and individuals as investors, investment by state-owned or state-controlled enterprises, and foreign investment with foreign or Hong Kong, Macao, and Taiwan enterprises as investors.
(2) Significant Importance. Further encouraging and guiding social investment is conducive to continuing to expand effective investment demand, promoting stable and relatively fast economic and social development; optimizing and adjusting the investment structure, improving the quality and efficiency of economic and social development; stimulating the endogenous driving force of economic development, enhancing the city’s comprehensive strength and development potential; increasing employment and prospering the market, accelerating the construction of a happy and livable city; and deepening the reform of the investment system, establishing and improving the socialist market economy system.
(3) Guiding Ideology. In line with the overall requirements of improving the socialist market economy 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, and broaden the fields and scope of social investment; focus on protecting the legitimate rights and interests of social investment, creating a market environment of fair competition and equal access; focus on optimizing and adjusting the investment structure, promoting the rational flow and effective allocation of production factors; focus on deepening the reform of the investment and financing system, enriching and improving social investment financing channels; and focus on enhancing policy synergy and linkage, steadily building a new type of 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, enhancing confidence and willingness in social investment; adhere to reform, innovation, and piloting first, 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 being internationally oriented and strategically introducing, with domestic capital and foreign capital integrating and developing together, enhancing the vitality and tension of social investment; and adhere to focusing on the present while looking to the long term, 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 methods such as project legal person bidding and share offerings, 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, in forms such as equity participation, holding, sole proprietorship, joint venture, cooperation, joint operation, acquisition, and franchising. For completed state-owned operational infrastructure investment projects, the property rights or operating rights may be transferred to other social enterprises in accordance with the law upon approval.
(6) Basic Industries Field. Encourage social capital to invest in the construction of storage, transportation, and pipeline facilities and networks for natural gas and refined oil products; 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 in participating in the construction of hydropower stations and thermal power stations in the form of sole proprietorship, holding, 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 expand channels for entering basic industries by expanding the scale of bond financing and accelerating the development of equity financing.
(7) Municipal Public Utilities Field. Promote social capital investment in the construction of municipal facilities such as water supply, gas supply, sewage treatment, and waste treatment; encourage social
