Implementation Opinions on Building a Better Development Environment to Support the Healthy Development of Private Enterprises in Energy-saving and Environmental Protection Sector

Country / jurisdiction: People's Republic of China · Year: 2020 · Status: In force · Level: National · Type: Voluntary

Implementation provisions related to the "Opinions of the CPC Central Committee and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises", have been issued, notably to coordinate the promotion of epidemic prevention, economic and social development, and further optimize the market business environment in the field of energy conservation and environmental protection.

Key measures include:

(a) preferential tax policies such as corporate income tax for environmental protection and energy and water conservation projects, equipments,  energy management contracts.

(b) Increase support for green finance: encourage financial institutions to incorporate environmental, social, and governance requirements into business processes, improve the level of professional green finance services for private energy-saving and environmental protection companies, and develop green financing for major national energy conservation and environmental protection projects.

(c) All localities should comprehensively publicize the state's support for the development of energy conservation and environmental protection industries in terms of price, taxation, investment, industry and other policies, help companies fully understand the policies, make good use of policies, and adequate policies to boost the confidence of private energy-saving and environmental protection companies.

Official source: https://www.ndrc.gov.cn/xxgk/zcfb/tz/202005/t20200525_1228833.html