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The state council "the new article 36 " how can we win the trust between the capital by fsb cwqc





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The state council "the new article 36 " how can we win the trust between the capital by
Article Posted: 05/30/2011
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Articles Written: 1405
Word Count: 718
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The state council "the new article 36 " how can we win the trust between the capital


 
Business,Business News,Business Opportunities
The State Council issued "to encourage and guide private investment on the healthy development of a number of opinions" (hereinafter referred to as the "new 36"), the confusion of private capital to see some hope. However, there are also some doubts about the public funding representative. They have worried about the "new 36" will not be implemented, also worried about the implementation process, the occurrence of change of direction, bringing heavy losses.

"The new 36," The introduction of the emergency is not an isolated move. The property market combined with strict regulation of view, decision-making can be very clear: opening up a number of economic sectors to attract private capital to enter, to attract the hot money flooding, play a drastic effect on the property market. Development of domestic tertiary industry, give full play to People have sharp features and flexible capital is an important way to change the economic structure. If this step can be successfully completed, will enable the public financing of large number of employees and revenue growth, promote domestic demand, to complete a smooth transition economies.

However, the transfer structure, promoting domestic demand, flat property market, the strategies that three birds with one arrow could be completed in the implementation of key points and policy stability is indeed on. In this respect, private entrepreneurs and rightly so.

2005, the "new 36" predecessor "36 non-public economy" introduced. In essence, the "non-public 36" for all the non-public economic entities, and "the new 36" for private investment, the broader the scope of the former, if implemented, five years, China's economic structure be improved significantly. However, in the "non-public 36" after the introduction of the second year, has the same policy position of "promoting the state capital on the adjustment and guidance of state-owned enterprise restructuring," issued a clear control of the seven state-owned economic sector will be emphasized in power, telecommunications, oil and other areas of the state-owned economy is holding.

That this constraint, according to Orient Securities statistics, as of late last year, more than 80 industries in the whole society, allowing state-owned capital to enter the 72 species, to allow foreign capital to enter the 62 species, while allowing private capital to enter the Only 41 species. Moreover, monopoly industries and the proportion of private investment is too low. 2008, privately held investment proportion of total investment, by industry are: Electricity, Gas and Water Production and Supply 12.87%, 9.48% finance, water conservancy, environment and public facilities management industry 6.14%, transport, storage and post 5.89% , telecommunications and other information transmission services 1.18%. "Non-public 36" have not been truly implemented. In recent years, "shortage of oil" period, always hear the purchase of private oil enterprises nowhere, petrochemical giant M & A news in disarray, "non-public 36" is called glass ceiling, see, they make life difficult.

The other hand, some local policies so that private entrepreneurs are also frequent changes of fear. 2009, the Shanxi coal industry to promote mergers and acquisitions, private capital cleared out of the industry. According to "China Business" report, a mine owner said that without the introduction of clear rules, he could not invest in such policies in particular encourage the industries. "Who can guarantee that a similar phenomenon will not occur? In some industries require large-scale financing to encourage private capital to enter the time, when private capital into the barriers after the operation began to set, or even Guanmendagou?"

Private capital in the economy's weak position is the "new 36" implementation of the most severe test. Charles Zhang, as the veteran Internet business this year, in February called "The government should put aside a lot personally participate in the competition, and competition for profits in the move, the main energy used up in the protection of fair competition"; China's color TV business after many years of living with low profit , finally found the opportunity of the Internet television, but because of departmental interests to protect, leading to delays in launch hands and feet; If these problems are not resolved, "the new 36," still does not give full confidence in private capital.

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