Since the beginning of this year, Jiangsu has implemented a series of practical measures, expanded the field of private investment, continuously enhanced investment willingness and ability, and promoted high-quality development of private investment.
Statistics show that in the first three quarters, Jiangsu recorded a year-on-year increase of 8.5% in private project investment, an increase of 0.7 percentage points from the first quarter, and 2.8 percentage points higher than the overall investment growth rate.
The Lianyungang-based Shenghong Chemical New Materials Project has completed more than half of its construction.
In Huai'an, Zhongtian Steel’s 1.5-million-ton ultra-high strength high-quality steel cord project, which costs a total investment of over 20 billion yuan, is expected to be put into production in November.
Changzhou has signed, started, and completed 115 major investment projects. Most of these projects are private investments in new energy vehicles, new materials, and new pharmaceuticals.
Since the beginning of this year, Jiangsu has established a unified platform for promoting projects to private capital by sorting out 430 recommended projects with a total investment of 323.5 billion yuan to have provided more investment opportunities for private capital and contributed to an increase in the volume of private investment.
Creating a better environment is the key to further enhancing the willingness of private investment. The Suzhou Wujiang-based Hengli Yangtze River Delta International New Materials Industry Base project focuses on high-end functional polyester film with broad development prospects.
This provincial-level major project was in need of thousands of mu of land due to production needs. Local departments worked together to ensure that it took only 28 days for the project to start construction after the project signing. At present, the enterprise has put into operation 6 production lines and is expected to achieve an annual sales revenue of 20 billion yuan.
“The relevant government departments have already deeply coordinated and implemented one-on-one services in the early stages of our project,” said Ju Jinhu, Construction Director of the Hengli Yangtze River Delta International New Materials Industry Base Project.
Since the beginning of this year, Wujiang has strengthened its services for private investment by introducing policies that treat private investment equally, and encouraged private enterprises to promote digital and physical integration.
“The 200-million-yuan subsidy fund is mainly aimed at private enterprises to ensure their confidence,” said Xu Guojiang, Deputy Director of the Industry and Information Technology Bureau of Wujiang District, Suzhou City.
Last month, Jiangsu established a provincial-level investment and loan linkage pilot cooperation mechanism with 13 banks, further providing private investment support in financing loans.
“How to mobilize private capital or stimulate its confidence and vitality, the key is to shape positive expectations for the future. In the next step, we will continue to expand the scope of private economic investment, shape a rule of law, especially a fair competition and equal treatment market environment, form a driving force and support force for strong confidence in private capital investment, and play the role of private investment as a driving force in economic growth,” said Lv Yonggang, Deputy Director of the Institute of Economics, Jiangsu Academy of Social Sciences.
