China's new policy opens doors for private capital

The General Office of the State Council of China has recently issued the "Several Measures on Further Promoting the Development of Private Investment." 

The document mentions that for projects in sectors such as railways, nuclear power, hydropower, inter-provincial and inter-regional power transmission channels, oil and gas pipelines, import LNG reception and storage facilities, and water supplies, which require state-level approval (verification) and have certain revenue potential, a special assessment of the feasibility of private capital participation should be conducted. 

This should be explicitly outlined in the feasibility study report (project application). Private capital participation is encouraged and supported, with specific shareholding ratios to be determined based on the project's actual conditions, the willingness of private enterprises to participate, and relevant policy requirements. For eligible projects, the shareholding ratio for private capital can exceed 10 percent.