The fixed asset investment project capital system is not only a macro-control means, but also a risk restraint mechanism. Since the system was established in 1996, it has played a positive role in improving macro-control, promoting structural adjustment, controlling enterprise investment risks, ensuring the sound operation of financial institutions, and preventing financial risks.
In order to respond to the international financial crisis, expand domestic demand, maintain pressure while promoting structural adjustment, effectively prevent financial risks, and maintain stable and rapid growth of the national economy, the country will timely adjust fixed asset investment projects based on the development of the economic situation and macroeconomic control needs. Minimum capital ratio.
" The State Council's Notice on Adjusting the Capital Ratio of Fixed Asset Investment Projects" (Guofa [No. 200927]) stipulates:
The minimum capital ratio for affordable housing and ordinary commercial housing projects is 20%, and for other real estate development projects The minimum capital ratio for is 30%.
" The State Council's Notice on Adjusting and Improving the Capital System for Fixed Asset Investment Projects " (Guofa [2015] No. 51) stipulates:
In order to further solve the current problems of difficult and expensive financing for major people's livelihood and public sector investment projects, additional To supply public goods and public services, make up for shortcomings, increase stamina, expand effective investment demand, promote investment structure adjustment, and maintain stable and healthy economic development, the State Council decided to adjust and improve the capital system for fixed asset investment projects . The relevant matters are hereby notified as follows:
1. The minimum capital ratio of fixed asset investment projects in various industries shall be implemented in accordance with the following regulations.
Urban and transportation infrastructure projects: Urban rail transit projects are adjusted from 25% to 20%, ports, coastal and inland shipping, and airport projects are adjusted from 30% to 25%, and railway and highway projects are adjusted from 25% to 20%.
Real estate development projects: Affordable housing and ordinary commercial housing projects remain unchanged at 20%, while other projects are adjusted from 30% to 25%.
projects in overcapacity industries: steel, electrolytic aluminum projects remain unchanged at 40%, cement projects remain unchanged at 35%, coal, calcium carbide, ferroalloy, caustic soda, coke, yellow phosphorus, polysilicon projects remain at 30% constant.
Other industrial projects: The corn deep processing project is adjusted from 30% to 20%, and the chemical fertilizer (except potassium fertilizer) project remains unchanged at 25%.
Other items such as electricity remained unchanged at 20%.
- Urban underground comprehensive pipeline corridors, urban parking lots projects, and major construction projects such as nuclear power plants approved by the State Council can be appropriately reduced on the basis of the prescribed minimum capital ratio.
3. When providing credit support and services, financial institutions must adhere to independent loan review and effectively prevent financial risks. must conduct a comprehensive review and assessment of the authenticity of the capital, investment returns and loan risks based on the actual situation of the borrower and the project, and in accordance with the requirements of the capital system stipulated by the state, adhere to the principles of risk controllability, commercial sustainability, and independently Decide whether to grant a loan and the specific loan amount and proportion. For industries with severe overcapacity, financial institutions must strictly implement the relevant provisions of the "Guiding Opinions of the State Council on Resolving Conflicts with Serious Overcapacity" (Guofa [2013] No. 41).
