Yangfu Office Letter [2026] No. 22
People’s Governments (Administrative Committees) of All Counties (Cities, Districts), and Relevant Municipal Units:
The “Several Measures of Yangjiang City on Promoting Private Investment and the Development of Private Enterprises” have been approved by the Municipal People’s Government. They are hereby issued to you for conscientious implementation. Should any issues arise during implementation, please report them directly to the Municipal Development and Reform Bureau.
Office of the Yangjiang Municipal People’s Government
May 8, 2026
Yangjiang City’s “Several Measures for Promoting Private Investment and the Development of Private Enterprises”
Development
To implement the spirit of documents such as the “Law of the People’s Republic of China on the Promotion of the Private Economy” and the “Notice of the General Office of the State Council on Issuing the ‘Several Measures for Further Promoting the Development of Private Investment,’” optimize the development environment for the private economy, intensify efforts to promote private investment and the development of private enterprises, and better leverage the important role of private investment and the private economy in economic and social development, the following measures are proposed.
I. Strengthening Support for Private Investment Projects
(1) Support private capital participation in major project construction. In principle, transportation and related terminal service facilities, water conservancy projects, and urban infrastructure that generate stable revenue and offer favorable expected returns on investment shall be operated on a market-based basis, and private capital participation is encouraged.Private enterprises are encouraged and supported to take equity stakes in nuclear power projects. The feasibility of private capital participation will be specifically evaluated, and the specific equity ratio for each project will be determined based on the project’s actual circumstances, the private enterprise’s willingness to participate, and relevant policy requirements.Support private enterprises in investing in and constructing projects such as the low-altitude economy, marine pastures, wind power, solar power generation, new energy storage, virtual power plants, charging infrastructure, and smart microgrids.[The Municipal Development and Reform Bureau, the Municipal Transportation Bureau, the Municipal Water Affairs Bureau, the Municipal Urban Management and Comprehensive Law Enforcement Bureau, and the people’s governments (administrative committees) of each county (city, district) shall be responsible in accordance with their respective duties; the following items shall also be the responsibility of each county (city, district) in accordance with their respective duties and will not be listed separately.]
(2) Establish a database of key private investment projects at each administrative level. Establish municipal- and county-level databases of key private investment projects. Each county (city, district) shall recommend major private investment projects to the municipal level for inclusion in the municipal database, and the municipal level shall, based on this, actively recommend key private investment projects to the national and provincial levels.Strengthen the planning of private investment projects, identify eligible major projects, and regularly publicize and promote them to private capital. (The Municipal Development and Reform Bureau and relevant industry authorities shall be responsible in accordance with their respective duties)
(3) Accelerate preliminary work for private investment projects. Support the inclusion of eligible private investment projects in the annual plans for provincial and municipal key projects to facilitate their implementation, and ensure land use plan quotas in accordance with the law. Leverage the coordinating role of the parallel approval task forces for major projects at all levels by incorporating major private investment projects into their scope of coordination; strengthen follow-up services for private investment projects; and provide full support to advance project construction.(The Municipal Development and Reform Bureau, the Municipal Bureau of Natural Resources, the Municipal Bureau of Ecology and Environment, and the Municipal Bureau of Housing and Urban-Rural Development shall be responsible in accordance with their respective duties)
(4) Strengthen the supply of production factors for private investment projects. Ensure new construction land quotas for major private investment projects; eligible major projects may apply for advance land use.For eligible key investment promotion projects, the city’s total pollutant emission quotas shall be allocated in a coordinated manner in accordance with laws and regulations, enhancing the flexibility of quota management; energy consumption quotas shall be prioritized for industries and projects with high output efficiency per unit of energy consumption. (The Municipal Development and Reform Bureau, the Municipal Natural Resources Bureau, the Municipal Ecology and Environment Bureau, and the Municipal Investment Promotion Bureau shall be responsible in accordance with their respective duties)
(5) Explore the establishment of a public infrastructure leasing mechanism. Explore the creation of a new model for the construction and operation of social welfare projects, in which private capital invests in construction and the government uses and manages the facilities through long-term leases. Explore the use of government procurement by public hospitals and schools to lease hospital and school facilities built with private capital, and provide supportive policies regarding land use, taxation, and fiscal funds in accordance with laws and regulations.such projects must comply with laws and regulations including the Civil Code of the People’s Republic of China and the Government Procurement Law of the People’s Republic of China. (The Municipal Development and Reform Bureau, Municipal Education Bureau, Municipal Justice Bureau, Municipal Finance Bureau, Municipal Natural Resources Bureau, Municipal Health Bureau, Municipal State-owned Assets Supervision and Administration Commission, and Yangjiang Municipal Tax Bureau shall be responsible in accordance with their respective duties)
(6) Standardize the implementation of public-private partnership (PPP) projects. Reasonable requirements and conditions for private capital participation shall be established in PPP project concession plans, bidding documents, and other materials; discriminatory or exclusionary conditions shall not be imposed, and concession plans shall be strictly reviewed.Support cooperation between state-owned enterprises and private capital in construction projects, and support state-owned enterprises in engaging in collaborative efforts along upstream and downstream industrial chains in sectors such as port terminals, marine pastures, and food processing. Support state-owned enterprises in partnering with private capital to participate in the development of commercial infrastructure and industrial projects in accordance with the law through means such as joint ventures, equity transfers, and capital increases.(The Municipal Development and Reform Bureau and the Municipal State-owned Assets Supervision and Administration Commission shall be responsible in accordance with their respective duties)
(7) Leverage the guiding role of investment funds. Make effective use of investment funds, optimize their operational mechanisms, and fully harness their potential by focusing on emerging sectors such as cutting-edge technologies and future industries, thereby increasing support for private enterprises.Actively encourage provincial industrial investment funds and innovation and entrepreneurship investment funds to establish regional parent funds in Yangjiang to invest in local private-sector projects. Guide these funds to invest early, in small-scale enterprises, and in hard technology, thereby leveraging more social capital toward private enterprises. (Responsibility lies with the Municipal Government Office, the Municipal Development and Reform Bureau, the Municipal Finance Bureau, and the Municipal State-owned Assets Supervision and Administration Commission, according to their respective duties)
II. Strengthen Financing Support for Private Enterprises
(8) Strengthen support for direct financing by private enterprises. Support private investment entities in increasing their proportion of direct financing and optimizing their financing structures. Support private enterprises in raising capital through initial public offerings (IPOs) and the issuance of asset-backed securities (ABS) and asset-backed notes (ABN). Support eligible private enterprises in registering and issuing debt financing instruments, science and technology innovation bonds, green bonds, and other such instruments.Promote the revitalization of existing assets and encourage private enterprises to revitalize their own existing assets through property rights trading, mergers and acquisitions, and the acquisition and disposal of non-performing assets. Encourage eligible private investment projects to issue infrastructure REITs. (The Municipal Government Office, the Yangjiang Branch of the People’s Bank of China, and the Yangjiang Financial Regulatory Sub-bureau shall be responsible in accordance with their respective duties.)
(9) Strengthen support for credit and indirect financing. Make full use of the coordination mechanism for supporting financing for small and micro enterprises. Support banking institutions in providing innovative “four-loan linkage” services—first-time loans, unsecured loans, principal-free loan renewals, and loan rollovers—in accordance with market-oriented and rule-of-law principles.Promote the “borrow as needed, repay as needed” model and encourage banking institutions to actively offer revolving credit facilities, with interest calculated based on the actual number of days the loan is utilized. Leverage the role of government-backed financing guarantees, expand the registered capital of guarantee companies, and strengthen loan guarantee support for small, medium, and micro private enterprises.Encourage banking institutions, in compliance with laws and regulations, to innovate more financial products tailored to the needs of private enterprises, and promote financing products such as the “Hardware, Knives, and Scissors Loan,” “Marine Pasture Loan,” “Yangjiang Quality Loan,” and “Decoupling from Nuclear Industry Chain Loan,” as well as multi-sector integrated service models such as “Loans + Direct External Investment” and “Equity, Bonds, Loans, Guarantees, and Leasing.”Make full use of policies such as re-lending for private enterprises and re-lending for scientific and technological innovation and technical transformation to incentivize and guide banking institutions to increase their support for private SMEs and micro-enterprises. (The Municipal Government Office, the Municipal State-owned Assets Supervision and Administration Commission, the Yangjiang Branch of the People’s Bank of China, the Yangjiang Financial Regulatory Sub-bureau, and Yangjiang Hengcai Financing Guarantee Co., Ltd. shall be responsible in accordance with their respective duties.)
(10) Strengthen financing support for private investment projects. Encourage financial institutions to actively support private investment projects in accordance with market principles through measures such as loan renewals, loan extensions, and adjustments to repayment schedules. Regularly conduct the application and screening of medium- and long-term loan projects in the manufacturing sector, compile a project list to be forwarded to financial regulatory authorities and financial institutions, and establish a convenient and efficient communication bridge between the government, banks, and enterprises.Support private investment projects in applying for central budgetary investment, applying for fiscal interest subsidies on equipment renewal loans, and participating in the “Two Priorities” construction and “Two New” initiatives; strive to secure more policy-based financial tools to support private investment projects. (The General Office of the Municipal Government, the Municipal Development and Reform Bureau, the Municipal Finance Bureau, the Yangjiang Branch of the People’s Bank of China, and the Yangjiang Financial Regulatory Sub-bureau shall be responsible in accordance with their respective duties)
(11) Guide venture capital institutions to actively serve private enterprises. Make full use of the “Yuechuang Jinqiao” platform to organize online and offline matchmaking sessions between eligible venture capital firms, angel investors, and other qualified private equity investment institutions and innovative and entrepreneurial enterprises. This will enhance venture capital funding support, promote a virtuous cycle among science and technology, industry, and finance, and drive the development of venture capital in our city.(Responsibility lies with the Municipal Government Office, the Municipal Development and Reform Bureau, the Municipal Science and Technology Bureau, the Municipal Industry and Information Technology Bureau, the Municipal Finance Bureau, the Municipal Human Resources and Social Security Bureau, the Municipal State-owned Assets Supervision and Administration Commission, the Municipal Investment Promotion Bureau, the Yangjiang Branch of the People’s Bank of China, and the Yangjiang Financial Regulatory Sub-bureau, in accordance with their respective duties.)
III. Promoting the Innovative Development of Private Enterprises
(12) Establish a high-quality innovation enterprise cultivation system. Create a pool of innovation enterprises and implement a precise and refined service support mechanism, as well as a dynamic management mechanism with entry and exit criteria, for high-quality enterprises such as innovative SMEs, specialized, refined, distinctive, and new SMEs, specialized, refined, distinctive, and new “Little Giant” enterprises, single-champion enterprises, and industry chain leaders.Services will be tailored to private enterprises at different stages of development, with regular “Business Support and Assistance” initiatives carried out to form a pyramid-shaped, tiered cultivation matrix, thereby promoting both the quantity and quality of innovative enterprises. (Responsibility lies with the Municipal Science and Technology Bureau and the Municipal Bureau of Industry and Information Technology in accordance with their respective duties)
(13) Promote the Construction of Science and Technology Innovation Platforms. Guide and support our city’s private enterprises in establishing innovation platforms such as manufacturing innovation centers and enterprise technology centers. A one-time reward of 1 million yuan will be granted to manufacturing innovation centers (lead enterprises) and enterprise technology centers that receive national recognition for the first time;a one-time reward of 200,000 yuan will be granted to manufacturing innovation centers (lead enterprises) and enterprise technology centers that receive provincial recognition for the first time. A one-time reward of 300,000 yuan will be granted to enterprises that are recognized for the first time as National Technological Innovation Demonstration Enterprises. (The Municipal Development and Reform Bureau, the Municipal Science and Technology Bureau, the Municipal Bureau of Industry and Information Technology, and the Municipal Finance Bureau shall be responsible in accordance with their respective duties)
(14) Encourage private enterprises to participate in science and technology program projects. Encourage and support private enterprises to undertake national, provincial, and municipal science and technology program projects. Enterprises whose projects are approved at the national level will receive a reward of up to 150,000 yuan; enterprises whose projects are approved at the provincial level will receive a reward of up to 100,000 yuan.Optimize the funding allocation and acceptance mechanisms for municipal-level science and technology program projects; establish a template for acceptance criteria guided by the effectiveness of technological innovation, industrial application, and enterprise management capabilities; and implement supporting policies such as streamlined procedures, targeted training, and error-tolerant incentives. (The Municipal Science and Technology Bureau and the Municipal Finance Bureau shall be responsible in accordance with their respective duties.)
(15) Promote the cooperative sharing of innovation resources. Establish a cooperation and coordination mechanism between government departments and universities and research institutions to encourage universities and research institutions to open their key laboratories and public R&D platforms to private enterprises, and to share major science and technology infrastructure, instruments and equipment, scientific data, and scientific and technological reports.Encourage private enterprises, universities, research institutions, and other organizations to innovate cooperation mechanisms, conduct technical exchanges, and facilitate the transfer and commercialization of research outcomes; promote deep integration among industry, academia, and research; and establish various forms of technology consortia. (The Municipal Education Bureau, the Municipal Science and Technology Bureau, and the Municipal Bureau of Industry and Information Technology shall be responsible in accordance with their respective duties.)
IV. Supporting the Development and Growth of Private Enterprises
(16) Promote the growth of private enterprises to meet scale and threshold requirements. Accelerate the cultivation of private enterprises that meet scale and threshold requirements; provide rewards to eligible private industrial enterprises above the scale threshold newly added in the previous year, with a maximum reward of 80,000 yuan per enterprise; provide rewards to eligible private wholesale, retail, accommodation, and catering enterprises above the threshold newly added in the previous year, with a maximum reward of 50,000 yuan per enterprise.Each eligible enterprise will receive the reward only once, and efforts will be made to gradually implement a system where reward funds are “automatically granted without application.” (The Municipal Bureau of Industry and Information Technology, the Municipal Finance Bureau, the Municipal Bureau of Commerce, the Municipal Bureau of Culture, Radio, Television, Tourism, and Sports, and the Municipal Bureau of Statistics shall be responsible in accordance with their respective duties.)
(17) Standardize business-related fee collection practices. Establish a comprehensive catalog of business-related fee items covering all departments and their subordinate units, and publish it on official websites. Dynamically update the catalog of business-related fees in accordance with changes in national and provincial fee policies, as well as cleanup and standardization efforts; no fees may be collected outside the scope of this catalog. Improve the long-term regulatory mechanism for business-related fees.(The Municipal Development and Reform Bureau and relevant industry regulatory authorities shall be responsible in accordance with their respective duties.)
(18) Strengthen support for small and medium-sized enterprises (SMEs) through government procurement. For engineering procurement projects exceeding 4 million yuan that are suitable for SMEs to undertake, strictly reserve at least 40% of the total budget for such projects specifically for procurement from SMEs in accordance with regulations; encourage the people’s governments (or administrative committees) of counties (cities, districts) to further increase the reserved share based on local conditions.Procuring entities are encouraged to increase the proportion of contract advance payments to private enterprises to 30% or more of the contract amount. (The Municipal Development and Reform Bureau, the Municipal Finance Bureau, and the Municipal Housing and Urban-Rural Development Bureau shall be responsible in accordance with their respective duties)
(19) Support private enterprises in building digital empowerment platforms. Support leading private enterprises, industry chain leaders, and third-party service providers in building comprehensive digital empowerment platforms to eliminate data bottlenecks in industrial and supply chains, carry out cross-sectoral data integration and application, and drive the coordinated digital transformation of upstream and downstream SMEs. Deepen the implementation of the Special Action for Digital Empowerment of SMEs to support more private SMEs in accelerating their digital upgrading and transformation.(The Municipal Bureau of Industry and Information Technology and the Municipal Bureau of Government Affairs and Data shall be responsible in accordance with their respective duties.)
(20) Create a stable, fair, transparent, and predictable business environment. Comprehensively and thoroughly publicize and implement the Law on the Promotion of the Private Economy. Actively promote an integrated online and offline regulatory approach—based on the principle of “no interference unless necessary”—and credit-based regulation. Standardize administrative law enforcement involving enterprises and implement the “show code to enter an enterprise” system, ensuring that presenting credentials automatically displays the code, displaying the code enables geolocation, and geolocation facilitates supervision.Promote “AI+” government services, deepen the development of the “One-Stop Online Service 2.0” platform, and establish a 24/7 “cloud service window” for government services. Further improve the targeted delivery of business-friendly and citizen-convenient policies and services, gradually achieving “automatic eligibility without application” for policy benefits.Make full use of the People’s Bank of China’s one-time credit repair policy to support credit repair for eligible owners of small and medium-sized private enterprises and their employees. Enhance the effectiveness of legal services for enterprises by strengthening specialized legal services such as legal consultations, rule-of-law health checks, and rule-of-law outreach.Improve the routine communication and service mechanism for private enterprises, ensure unobstructed channels for private enterprises to report issues, and refine the mechanism for responding to and handling their concerns. Relying on the 12345 hotline, establish a dedicated line for enterprises to report issues, ensure unobstructed direct appeal pathways, and listen to the voices of enterprises.(The Municipal Development and Reform Bureau, the Municipal Justice Bureau, the Municipal Market Regulation Bureau, the Municipal Government Affairs and Data Bureau, relevant industry regulatory authorities, and the Yangjiang Branch of the People’s Bank of China shall be responsible in accordance with their respective duties.)
These measures shall take effect on the date of issuance. Unless a specific time limit is stipulated or otherwise provided by national, provincial, or municipal regulations, all policy measures shall remain valid for three years from the date of implementation. During the validity period of these measures, should there be adjustments or changes to relevant laws, regulations, or policies issued by higher-level authorities, such provisions shall prevail. Additionally, enterprises that have already received similar municipal-level incentives shall not be eligible for duplicate rewards.
