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The country’s State Council has introduced a new policy aimed at boosting private investment in major infrastructure projects to invigorate the private sector. This initiative encourages and supports private capital participation in profitable large-scale infrastructure ventures such as railroads, nuclear and hydropower plants, long-distance power transmission networks, oil and gas pipelines, imported liquefied natural gas facilities, and water supply systems.
Under the new guidelines, private investors will be permitted to hold stakes exceeding 10 percent in select project categories. Historically, railway, nuclear power, and oil and gas pipeline projects have been predominantly managed by state-owned enterprises, with limited involvement from private firms. This policy aims to break down those barriers by creating new institutional pathways for private capital to enter these sectors.
The infusion of private investment is expected to foster innovation across these industries, encouraging technological advancements and business model improvements—such as innovative logistics services for railways and digitalized operation and maintenance systems for pipelines.
In addition, the policy advocates for equal treatment of private companies in licensing and approval processes for space launches, as well as better access to satellite communication services. Governments are also instructed to publicly share lists of major scientific research infrastructure projects open to private companies and to actively support capable private firms in leading significant national technological initiatives.
Furthermore, the policy encourages private involvement in smaller urban infrastructure projects with profit potential, especially in smaller cities. It also calls for government backing of private investments in service-oriented sectors like industrial design, technology services, inspection and testing, quality certification, and digital transformation.
Support for eligible private projects will be increased through centralized budget allocations and innovative financial tools. Banks are expected to meet the realistic credit needs of private companies, while financial regulators should streamline access for tech firms working on breakthroughs in critical core technologies, helping them achieve listings, secure financing, and pursue mergers or restructurings.
Additionally, the government will promote the development of comprehensive digital platforms for leading private enterprises, supply chain leaders, and third-party service providers. These platforms aim to eliminate data bottlenecks within industrial and supply chain networks, fostering cross-sector data integration and innovative applications.
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