Recently, the State Council published "Some Opinions of the State Council on Encouraging, Supporting and Guiding the Development of Private and Other Non-Public Economic Sectors", which softens market access conditions for non-public economies, the promulgation and implementation of this document will provide non-public economies with broader development space.

The document put forward from seven aspects principal policy measures and requirements for promoting the development of non-public economies:

First, easing market access for non-public economic sectors. In line with the principle of "equal entry and fair treatment", non-public capital is allowed to enter the trades and fields not prohibited by laws and regulations, policy opinions on the orientation for reform are put forward in the aspects concerning the entry of non-public economic sectors into monopoly industries, public utilities, infrastructures, social undertakings, financial services, national defense science and technology industries as well as participation in the reform and restructuring of state-owned enterprises.

Second, increasing financial, taxation and financial support to non-public economies. Intensifying effort for credit support and enlarging the proportion of loans to non-publicly-owned enterprises; expediting the development of multi-tiered capital markets and broadening direct fund-raising channels; encouraging innovations of financial services, developing financial products and services suiting the characteristics of small and medium-sized non-public enterprises; establishing a sound credit guarantee system, and strengthening supervision over credit guarantee institutions. In addition, it is necessary to perfect relevant financial and taxation supporting policies.

Third, improving social services for non-public economies. Vigorously developing various types of social intermediary service organizations, intensifying policy support for automatic founding of undertakings, supporting the launch of training of enterprise mangers and employees, strengthening services for science and technology innovation, supporting enterprises in opening up domestic and foreign markets, and actively pushing forward construction of a credit system in enterprises.

Fourth, safeguarding the legitimate rights and interests of non-publicly-owned enterprises and their employees. Accelerating the check-up, revision and perfection of relevant laws, regulations and administrative rules aimed at protecting legal private property, safeguarding the legal rights and interests of non-publicly-owned enterprises and their employees, exploring ways for the establishment of a sound social security system for various types of employees, and establishing and perfecting trade union organizations in enterprises.

Fifth, guiding non-public enterprises to improve their own qualities. Non-public enterprises should conscientiously implement the nation's industrial policies, industrial planning as well as stipulations on market access; perfecting rules and regulations, intensifying enterprise management and raising the level of business operating according to law. Encouraging qualified enterprises to make themselves big and strong, and promoting specialization and coordination and the collective development of industries.

Sixth, enforcing better government supervision over non-publicly-owned enterprises. In light of the production and management characteristics of non-publicly-owned enterprises, perfecting the supervision system, improving the supervision method and raising the supervision level. Standardizing charges taken by state administration organizations and institutions, so as to lighten enterprise burdens. And

Seventh, strengthening guidance given to and policy coordination made for the development of non-public economic sectors. Enhancing service awareness, innovating service means, perfecting the service system, setting up a work coordination mechanism and a departmental joint conference system for promoting non-public economic development, strengthening public opinion publicity and guidance, and striving to create a favorable atmosphere facilitating non-public economic development.

Industries and fields allowable for the entry of non-public economies (policy interpretation)

Allowing the entry of foreign capital as well as domestic non-public capital into industries and fields, and softening up conditions in relation to restrictions on the proportion of stock right. With regard to the approval of investment, fund-raising service, financial and taxation policies, land use, foreign trade and economic and technical cooperation, equal treatment is given to non-public enterprises and enterprises of other forms of ownership.

In fields where non-public enterprises such as monopoly industries, public utilities and infrastructures, social undertakings, financial services, and national defense science and technology industries have difficulty in entering for a long time are now accessible to these enterprises with government approval. Relevant departments and local governments will try as quickly as possible to finish the work of checking up on and revising regulations, rules and policy stipulations that restricting the market access for non-public economic sectors.

Electric power, telecommunications, railway, civil aviation, petroleum and other industries and fields will further introduce a market competition mechanism. In regard to the natural monopoly business thereof, active efforts will be made to promote diversification of the mainstays of investment, non-public capital can enter by way of buying shares; for other businesses, non-public capital can enter in the forms of wholly-invested enterprises, joint venture, cooperative enterprises and fund-raising for projects. On the premise of unified state plans, except otherwise there are separate stipulations of state laws and regulations, non-public enterprises with creditability are allowed to acquire the rights of exploration and mining of mineral resources on an equal footing according to law.

The investment in, construction and operation of urban water, gas and heat supplies, public traffic services, the treatment of sewage and garbage and other municipal works and public utilities and infrastructures. On the premise of regulated acts of transfer, qualified public utilities and infrastructure projects can transfer property rights and power of operation to non-publicly-owned enterprises.

Regional shareholding banks and cooperative financial institutions. On the premise of strengthened legislation, regulated access, strict supervision and effective prevention of financial risk, qualified non-public enterprises can initiate the establishment of financial intermediary services. Non-public enterprises meeting required conditions are allowed to take part in the reform and restructuring of banking, securities, insurance and other financial institutions.

By People's Daily Online