Department of Fixed Asset Investment

Currently, China’s economy has shifted from high-speed growth to high-quality development. We are in a critical period of transforming development paradigm, optimizing economic structure, and transforming growth momentum, hence we must put top priority to quality and efficiency, take supply-side structural reforms as our main task, and advance economic reforms in quality, efficiency, and momentum. Our Investment work should focus on the central task and serve the overall situation, address inadequacies, improve weak links, further deepen the reform of the investment and financing system, and give full play to the key role of investment in optimizing the supply structure.

The main tasks of our investment work in the near term are to implement the decisions of the CPC Central Committee and the State Council, improve weak links, and strive to promote supply-side structural reforms; deepen the reform of the investment and financing system on all fronts, further streamline administration and delegate power, strengthen regulations, and optimize services; vigorously promote the continuous and healthy development of private investment, and create a sound environment that encourages social investment; optimize and adjust the central investment structure, and further concentrate on major, difficult and urgent tasks in accordance with the key tasks determined by the CPC Central Committee and the State Council; standardize and promote the model of public-private partnership (PPP), intensify supporting policies, increase coordination, and strengthen follow-up guidance.

Make recommendations for deepening the reform of investment and financing system. Draft relevant laws and regulations on fixed asset investment management. Make recommendations with respect to the approval of government investment projects and the catalogue of fixed asset investment projects approved by the government. Arrange fiscal development funds from the central government and review major projects. Coordinate and advance the reform of the approval system of investment projects. Formulate policies to flourish private investment. Organize and promote the cooperation between the government and social capital. Guide the development of the engineering consulting industry.