We will actively promote investment in new infrastructure development

Third, we need to balance the relationship between government policy guidance and market allocation of resources.

An important difference between new infrastructure investment and traditional infrastructure investment is that the investment prospects and returns of new infrastructure investment are more unstable. The promotion of new infrastructure investment mainly relies on market-based investment, and it is necessary to establish a mechanism in which government departments take the stage and market entities play the role. In order for the government to promote and guide new infrastructure investment, it is necessary to change the administrative and planned management mode and implement a market-oriented management mode. It is necessary to continue to deepen the reform of "delegating management services" and implement the regulatory system of negative lists, so that the market plays a decisive role in the allocation of resources, and investors can make decisions and bear investment risks based on market information to a greater extent.

In terms of policy guidance, the government mainly does the following things: First, study and formulate plans for new infrastructure investment. For example, relevant central departments should study and formulate national plans for new infrastructure investment and development, and provincial government departments should also study and formulate plans for new infrastructure investment and development in line with local conditions. Investment planning should be coarse rather than fine, mainly play a role in releasing information and guiding investment. Second, we will deepen reform of the relevant investment and financing systems. It is necessary to rely more on reform methods and use market-oriented and law-based means to solve the institutional problems faced by new infrastructure investment and financing. In particular, we must adhere to deepening supply-side structural reform, adhere to problem-oriented, and support and help private enterprises to solve specific problems such as investment, financing, technology, and talent when entering the new infrastructure field. Third, we will further improve the policy environment. For example, improve the institutional arrangements related to new infrastructure investment and make up for institutional or institutional weaknesses; We will improve the business environment related to new infrastructure investment, implement relevant fiscal, tax, financing and other preferential policies, and give full play to the role of various intermediary services. In short, we should strive to create a more reform and opening up institutional environment, create a more relaxed and stable policy environment, create a more convenient and favorable business environment, and create a more fault-tolerant and incentivized innovation environment, so as to better promote investment in new infrastructure construction and inject strong impetus into economic development.