The effect of policy support shows that private capital accelerates into strategic emerging industries.


Release time:

Dec 12,2018

Strategic emerging industries are an important driving force to promote economic transformation and upgrading and achieve high-quality development. It has always been the focus of policy attention. Recently, with the deepening and implementation of policies to promote the development of the private economy, the confidence of private enterprises in investment has been continuously consolidated, and the pace of private capital entering strategic emerging industries has also been significantly accelerated. New energy and intelligent technology have become the focus of private investment.

A few days ago, the National Development and Reform Commission approved BYD to issue 6 billion yuan of corporate bonds as a high-quality private enterprise. The raised funds will be used for the research and development of new energy vehicles and parts, batteries and battery materials, and green industrial projects such as urban cloud rails.

Not only BYD, the National Development and Reform Commission recently issued a document to actively support high-quality private enterprises to issue bonds for financing, and increase the support of small and micro enterprises to increase the credit collection of bonds to private enterprises to meet the actual financing needs of private enterprises.

In addition to the central level, Hainan, Hebei, Guangdong, Beijing, Shanghai, Shenzhen and other places have also launched or brewing relief fund policies to support the development of private enterprises, with a total scale of more than 100 billion yuan. Experts predict that these relief funds will mainly focus on private enterprises engaged in high-tech fields and strategic emerging industries.

According to reports, in 2016 and 2017, the industrial added value of the country's strategic emerging industries increased by 10.5 and 11.0 respectively year-on-year, which was higher than the growth rate of the national industrial added value above designated size by more than 40% in the same period. In the first half of 2018, the industrial added value of strategic emerging industries increased by 8.7 year-on-year, 2 percentage points faster than the growth rate of industrial added value above designated size in the same period.

In 2017, the added value of the electronic information manufacturing industry accounted for 7.7 percent of the added value of industries above scale, and the national software and information technology service industry completed business income of 5.5 trillion billion yuan, an increase of nearly 14 percent over the same period last year.