Recently, the State Council approved the “Opinions on Strengthening the Control of Fixed Assets and Strictly Controlling Newly-Started Projects†jointly drafted by the National Development and Reform Commission, the Ministry of Land and Resources, and the China Banking Regulatory Commission, which will review and approve new projects such as land approval, loan lending, and overcapacity industries. Strictly check and impose administrative accountability on supervision.
For the new project that strictly limits the overcapacity industry, the relevant officials of the Fixed Assets Investment Department of the Anhui Provincial Development and Reform Commission said in an interview with the “First Financial Daily†that this indicates that the government’s macroeconomic regulation and control is not solely based on administrative approval, but from industrial structure. From the perspective of the perspective, control the upward trend of fixed asset investment from the source.
The person in charge said that although there are certain regulatory space for policy implementation in various regions, most of the overcapacity industry approval authority has been submitted to the state, so the policy is very effective.
In addition to strict control over new capacity projects, this opinion has also increased the intensity of administrative accountability. For example, for new construction projects that do not meet market access conditions and relevant laws and policies, the place where the clean-up work is carried out and walked through will be investigated and the responsibility of leaders and related personnel will be investigated.
This opinion has been implemented to varying degrees in the local development and reform commission. For example, Jiangsu Province has recently established a post-evaluation system for investment projects. For the first time, it has clearly stipulated that the evaluation system after the completion of government investment projects will be established. Once problems are discovered, accountability will be pursued.
A major feature of this regulation is the linkage of ministries and commissions. The opinion requires that the land administration department shall not approve the land for the proposed project that does not meet the market access conditions and construction procedures such as industrial policy, development planning, urban and rural planning, environmental standards and requirements, and the bank shall not provide loans, development reform, urban planning, Construction, environmental protection and safety supervision departments shall not go through relevant formalities.
For the new project that strictly limits the overcapacity industry, the relevant officials of the Fixed Assets Investment Department of the Anhui Provincial Development and Reform Commission said in an interview with the “First Financial Daily†that this indicates that the government’s macroeconomic regulation and control is not solely based on administrative approval, but from industrial structure. From the perspective of the perspective, control the upward trend of fixed asset investment from the source.
The person in charge said that although there are certain regulatory space for policy implementation in various regions, most of the overcapacity industry approval authority has been submitted to the state, so the policy is very effective.
In addition to strict control over new capacity projects, this opinion has also increased the intensity of administrative accountability. For example, for new construction projects that do not meet market access conditions and relevant laws and policies, the place where the clean-up work is carried out and walked through will be investigated and the responsibility of leaders and related personnel will be investigated.
This opinion has been implemented to varying degrees in the local development and reform commission. For example, Jiangsu Province has recently established a post-evaluation system for investment projects. For the first time, it has clearly stipulated that the evaluation system after the completion of government investment projects will be established. Once problems are discovered, accountability will be pursued.
A major feature of this regulation is the linkage of ministries and commissions. The opinion requires that the land administration department shall not approve the land for the proposed project that does not meet the market access conditions and construction procedures such as industrial policy, development planning, urban and rural planning, environmental standards and requirements, and the bank shall not provide loans, development reform, urban planning, Construction, environmental protection and safety supervision departments shall not go through relevant formalities.
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