The New Investment Directory Is Submitted To The State Council &Nbsp; The Industry Entry Requirements Will Be Intensive.

Sources told the China Securities Journal reporter that the latest version of the revised national development and Reform Commission was approved by the government.

The proposal of the CPC Central Committee on formulating the Twelfth Five Year Plan for national economic and social development pointed out that the strategic adjustment of the economic structure is still the main direction of the "12th Five-Year" period. The insiders believe that the catalogue has not been published since the last two years, but the pressure on the adjustment of industrial structure has not been reduced. The relevant ministries and commissions will speed up the formulation of the relevant industry access conditions in the year of "12th Five-Year".

According to the sources, the scope of the revised catalogue will be relatively large, and the "two high one capital" project will be "tightened", which will be included in the approved catalogue and accepted by the NDRC.

In general, the principle of "Relaxation" will be adhered to, namely, further reducing the types and scope of administrative approval investment projects, and decentralization of audit authority.

At present, China has two systems of approval and filing for enterprise investment projects. The scope of approval is stipulated by the approved catalogue. The current approved directory covers less than 20% of the investment projects of enterprises.

In January 24th, the Ministry of industry and the Ministry of industry promulgated the "polysilicon industry access conditions", pointing out: "before the new catalogue of government investment projects is approved, the new polysilicon project will no longer be approved in principle."

In 2010, the Ministry of industry and Commerce has revised the entry conditions for printing, dyeing, viscose fiber, soda ash, cement, daily glass and other industries. Chen Yanhai, director of the Ministry of materials and materials of the Ministry of industry and commerce, said recently that in 2011, the entry conditions for ammonia, urea, phosphate fertilizer, HCFCs, wood and other industries will be formulated and promulgated, and the list of iron and steel, non-ferrous metals, petrochemical and building materials production enterprises that meet the requirements of entry will be announced in a timely manner to guide technological progress and social investment in the industry.

Therefore, when the "approved catalogue" as the guidance document for access conditions is published and how specific adjustments have been made, it has been widely concerned by the market.

In July 2004, the State Council promulgated the decision on the reform of the investment system, and the catalogue of investment projects approved by the government (2004 Edition) was also published as an annex.

The catalogue includes thirteen sub items, including agriculture, forestry, water conservancy, energy, pportation, information industry, raw materials, machinery manufacturing, light industry tobacco, high and new technology, urban construction, social undertakings, finance, foreign investment and overseas investment, covering almost all investment fields.

To date, the catalogue has not been adjusted for 6 years.

In addition, with the upcoming catalogue of industrial restructuring guidance, there will be specific contents of the industrial revitalization plan, the development of strategic emerging industries, and the suppression of overcapacity in some industries. The revision time of the approved catalogue (2009) was earlier than the "State Council's proposal to curb overcapacity in some industries and the healthy development of industries guided by repetitive construction" (No. 38), the ten industry revitalization plan and the decision of the State Council on accelerating the cultivation and development of strategic emerging industries. Therefore, the fashion of revision of the catalogue can not be specifically referenced to the above documents.