The solution of excess capacity will enter the implementation stage in an all-round way

wallpapers Industry 2020-12-09

Zhao Chenxin, a spokesman for the national development and Reform Commission, said at the macroeconomic operation Conference on the 12th that the management measures for special awards and subsidies for industrial enterprise structural adjustment will be issued in the near future.

The implementation plans for resolving excess capacity of steel and coal industries in all relevant regions have been worked out, the overall arrangement during the 13th Five Year Plan period has been clarified, and the annual capacity reduction or exit plan has been drawn up.

According to the requirements, the relevant provincial people's governments have also completed the signing of the letter of responsibility for resolving the excess capacity of the steel and coal industries and realizing the goal of extricating themselves from difficulties.

After signing the target responsibility letter and putting the implementation plan on record as required, the work of resolving excess capacity will enter the formal implementation stage.

In April, the national development and Reform Commission approved 13 fixed asset investment projects with a total investment of 138.

8 billion yuan.

The project mainly focuses on water conservancy, transportation and energy.

By the end of March, the total investment of 11 major categories of major engineering packages has reached 5594.

5 billion yuan, an increase of 133.

6 billion yuan over the end of February.

48 special projects and 377 projects have been started, 3 more than the end of February.

Regarding the recent obvious rise in steel prices, Zhao Chenxin pointed out that the rise in steel prices was mainly driven by policy expectations, market speculation and short-term factors.

There was no fundamental change in the relationship between supply and demand in the market.

The situation of serious overcapacity of iron and steel did not change, and it was difficult for steel prices to continue to rise rapidly.

This round of steel price rise can be summarized into two aspects.

In terms of demand, first, the large volume of commercial housing sales in large and medium-sized cities brings about the expected steel demand.

second, many construction projects resume work after winter break, which leads to an increase in steel demand.

third, traders replenish inventory, which expands steel demand in the short term.

fourth, the market expects that policies such as "mending the short board" and "steady growth" will drive steel demand.

On the supply side, first, some steel enterprises stopped production for some reasons, and the crude steel output decreased, which reduced the market supply.

second, the market expected that the de capacity work would reduce the steel supply.

third, some steel production areas took measures to limit production due to major activities, which is expected to reduce steel supply in a short term.

In addition, the artificial speculation in the spot and futures markets is also one of the important reasons for the rapid rise of steel prices.

The rise of steel prices has a certain impact on the resolution of steel overcapacity, but the overall impact is small.

According to the information we have learned, the capacity for resuming production is in compliance with the requirements, which is not included in the scope of elimination.

Most of the enterprises' stopping production and resuming production is the normal behavior of responding to market changes and adjusting production and operation.

Zhao Chenxin pointed out that the capacity withdrawn in accordance with the law and regulations is basically not affected by the change of steel price, and the exit must be withdrawn.

For the production capacity that leads to voluntary exit, reasonable policy measures can be taken to encourage them to exit as soon as possible.

Efforts to stabilize private investment in promoting private investment, Zhao Chenxin pointed out that we will improve the policy, pay close attention to the implementation, and take seven measures to stabilize private investment.

One is to further relax the market access of private capital.

Second, strengthen and improve government services.

Focusing on building a new type of government business relationship, actively serving private investment, reducing administrative examination and approval items, promoting parallel examination and approval, shortening the application period of investment approval, and promoting the implementation of private investment projects as soon as possible.

The third is to create a fair and competitive investment environment to ensure equal rights, opportunities and rules for the development of private enterprises.

Fourth, give full play to the leading role of government investment.

We will optimize the scope, direction and structure of government investment, and play a guiding and magnifying effect through investment subsidies, fund injection, guarantee subsidies, and loan interest discount.

Fifth, increase the financing support for private investment.

We should standardize the bank's enterprise related charges, strengthen the multi-level capital market's support for private enterprises' equity and creditor's rights financing, give play to the role of policy finance, broaden the financing channels of enterprises, and reduce the financing cost of enterprises.

Sixth, vigorously promote PPP mode.

We will accelerate the legislative process of the franchise law and other legislation, and strengthen the supply of institutional innovation.

Through improving the price policy and mining the commercial value of the project, we can build a reasonable and effective investment return mechanism.

The seventh is to strengthen the service standard management.

We will further abolish the approval authority of enterprises' investment projects and implement the investment autonomy of enterprises.

We should encourage and standardize private enterprises, improve their management system, and enhance their internal vitality and creativity.

(source: China Securities Journal).