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Chinese government to offer private equity pilot 80 projects
China will allow private investment in some infrastructure and energy projects that were previously dominated by the government and state-owned enterprises, according to an official statement released following the next meeting of the State Council of the People's Republic of China, held in Beijing on Wednesday, chaired by Premier Li Keqiang, Chinese news agency Xinhua reported. ...
The innovation is aimed at accelerating the reforms of the national financial and investment mechanism and promoting the diversification of investment subjects, the statement said.
First of all, the Chinese government plans to launch 80 pilot projects in a number of areas, including transport infrastructure, new generation information infrastructure, clean energy, construction of oil and gas pipelines and coal, chemical and petrochemical facilities.
These projects will be open to public auction, the government will encourage private capital to participate in their construction and operation through joint or individual enterprises, as well as the franchise.