The Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission said on the 5th that the "Energy Conservation and Environmental Protection Industry Development Plan" has been drafted for comments, and will be submitted to the State Council for approval after revision and improvement.
Energy conservation and environmental protection industry is a sub-industry in strategic emerging industries, which meets the requirements of low-carbon economy and economic structural transformation. According to reports, in order to accelerate the cultivation of strategic emerging industries, the National Development and Reform Commission and relevant departments launched the preparation of the "Energy Conservation and Environmental Protection Industry Development Plan" in the second half of 2009. On the basis of the draft for comments, the opinions of relevant departments of the State Council, industry associations and experts were solicited twice. In the near future, on the basis of in-depth research on major technologies, they will be revised and improved and submitted to the State Council for approval.
The energy conservation and environmental protection industry includes energy conservation, resource recycling and environmental protection, involving energy conservation and environmental protection technology and equipment, products and services. Since 2000, because the state has increased investment in environmental infrastructure construction, which has effectively stimulated the market demand of related industries, the overall scale of the environmental protection industry has expanded rapidly, the industrial field has been continuously expanded, the industrial structure has been gradually adjusted, and the industrial level has been significantly improved. At present, the overall average annual growth rate of China's environmental protection industry is about 25%, and it has formed an industrial system with complete categories, a wide range of fields and a certain scale, which has become an important part of the national economic structure.
Data show that during the "Eleventh Five-Year Plan" period, China's environmental protection industry is expected to maintain an average annual growth rate of 15~17%. By 2010, the annual output value of China's environmental protection industry is expected to reach 880 billion yuan, of which: the output value of comprehensive utilization of resources is 660 billion yuan; The output value of environmental protection equipment is 120 billion yuan; The output value of environmental services is 100 billion yuan. In 2008, the total output value of the national energy conservation and environmental protection industry reached 1.41 trillion yuan, accounting for 4.7% of the GDP of that year. Among them, the energy-saving industry is 270 billion yuan, the resource recycling industry is 660 billion yuan, the environmental protection industry is 480 billion yuan, and the number of employees reaches more than 25 million, of which the employment of renewable resources industry reaches 18 million.

Notice on Investment and Financing Policies and Measures to Support the Development of Circular Economy: Fa Gai Huan Zi [2010] No
. 801
All provinces, autonomous regions, municipalities directly under the Central Government, cities with separate planning status, the Development and Reform Commission of the Xinjiang Production and Construction Corps, and the Economic and Trade Commission (Economic Commission, Economic and Information Commission, Industry and Information Commission); People's Bank of China Shanghai headquarters, branches, business management departments, provincial capital (capital) city center branches; Banking regulatory bureaus and securities regulatory bureaus of provinces, autonomous regions and municipalities directly under the Central Government; Policy banks, state-owned commercial banks, joint-stock commercial banks, Postal Savings Bank of China:
In order to implement the Law of the People's Republic of China on the Promotion of Circular Economy (hereinafter referred to as the "Circular Economy Promotion Law") and the Several Opinions of the State Council on Accelerating the Development of Circular Economy (Guo Fa [2005] No. 22), increase investment and financing policy support for the development of circular economy, promote the formation of a larger scale of circular economy, accelerate the adjustment of economic structure, and transform the mode of economic development. To build a resource-saving and environment-friendly society, the following notice is issued on investment and financing policies and measures to support the development of circular economy:
1. Fully understand the importance of
increasing investment and financing policy support for the development of circular economy (1) The development of circular economy is a major strategy for national economic and social development. Circular economy refers to the general term for reduction, reuse and resource utilization activities carried out in the process of production, circulation and consumption, which is an economic development model that saves resources and protects the environment to the greatest extent, and is an important part of the implementation of sustainable development strategy. The Party Central Committee and the State Council attach great importance to the development of circular economy. The Fifth Plenary Session of the 16th CPC Central Committee pointed out: "We should take resource conservation as the basic policy, develop a circular economy, protect the ecological environment, and accelerate the construction of a resource-saving and environment-friendly society." "The Outline of the Eleventh Five-Year Plan for National Economic and Social Development regards the development of circular economy as a major strategic task. The 17th National Congress of the Communist Party of China put forward higher requirements for promoting the formation of a circular economy on a larger scale. The Circular Economy Promotion Law establishes the development of circular economy as a major strategy for national economic and social development. The State Council issued Several Opinions on Accelerating the Development of Circular Economy, proposing to vigorously develop circular economy, achieve the unity of economic, environmental and social benefits, and make comprehensive arrangements for the development of circular economy.
(2) The development of circular economy requires the establishment of an investment and financing policy support system. The development of circular economy should not only give full play to the role of the market mechanism, but also emphasize the leading role of the government, which requires the government to comprehensively use policy measures such as planning, investment, industry, price, finance and taxation, and finance to establish a benign, market-oriented investment and financing policy support system and environment conducive to the development of circular economy, form an effective incentive mechanism, guide social funds to invest in the circular economy, and effectively solve the problem of insufficient investment in the development of circular economy. All regions should take the development of circular economy as an intrinsic requirement for implementing the scientific outlook on development and building a resource-saving and environment-friendly society, as a breakthrough and an important starting point for adjusting the economic structure and transforming the mode of economic development, enhance the sense of urgency and responsibility, establish and improve the investment and financing policy support system, accelerate the promotion of circular economy to form a larger scale, and achieve good and rapid economic and social development. At the same time, relevant financial institutions should seize the favorable opportunity of the country to vigorously develop the circular economy, fully consider the characteristics of circular economy enterprises and projects, steadily and orderly carry out financial services to promote the development of circular economy, and strive to seek new profit growth points by increasing financial support for circular economy.

Second, give full play to the guiding role
of government planning, investment, industrial and price policies (1) Formulate a circular economy development plan. Local comprehensive management departments for the development of circular economy should work with relevant departments to formulate their own "Twelfth Five-Year" circular economy development plan in accordance with the requirements of the "Circular Economy Promotion Law" and local conditions. The development plan shall include the planning objectives, scope of application, main contents, key tasks and safeguard measures, and stipulate indicators such as resource output rate, waste reuse and resource utilization rate. It is necessary to take the development of circular economy as an important guiding principle for the preparation of the regional "Twelfth Five-Year Plan", put it in an important position, and use the concept of circular economy to guide the preparation of various special plans, regional plans and urban plans. Through the preparation of plans, key areas, key projects and major projects for the development of circular economy should be determined, so as to point out the direction for social funds to invest in circular economy. The National Development and Reform Commission will issue guidelines for the preparation of local circular economy development plans in due course.
(2) Increase support for circular economy investment. When formulating and implementing investment plans, local development and reform commissions should list circular economy projects such as "reduction, reuse, and recycling" as key investment areas. For major projects and technology demonstration industrialization projects for the development of circular economy, direct investment or capital subsidies, loan discounts and other methods should be used to increase support, and give full play to the guiding role of government investment in social investment.
(3) Research and improve industrial policies to promote the development of circular economy. Local development and reform commissions should, in accordance with the relevant provisions of the national industrial structure adjustment, base on the existing foundation and comparative advantages, conscientiously clean up the unreasonable regulations that restrict the development of circular economy, formulate and refine the industrial policy system conducive to the development of circular economy, guide social funds to invest in the resource recycling industry, increase the demonstration and promotion of circular economy technology, equipment and products, and form new economic growth points.
(4) Study relevant price and charging policies to promote the development of circular economy. Local development and reform commissions (price authorities) should gradually establish a price mechanism that can reflect the scarcity of resources and the cost of environmental damage. Encourage the implementation of a tiered water price system for residents' domestic water, reasonably determine the price of reclaimed water, and increase the level of reuse of water resources. It is necessary to rationally adjust the charging standards for sewage and garbage disposal fees and sewage discharge fees, and encourage enterprises to achieve "zero discharge." It is necessary to guide consumers to use energy-saving, water-saving, material-saving and resource-recycling products by adjusting prices and improving charging policies, and guide social funds to increase investment in circular economy projects.

3. Comprehensively improve and enhance financial services
that support the development of circular economy (1) Clarify the focus of credit support. Banking financial institutions shall, in accordance with the principle of commercial sustainability, financial institutions in the banking industry shall, in accordance with the principle of commercial sustainability, for energy saving, water saving, material saving, comprehensive utilization, clean production, seawater desalination and "zero" emission reduction projects supported by the national and provincial comprehensive management departments for the development of circular economy, remanufacturing and tire retreading projects such as waste auto parts, construction machinery, machine tools and other products, as well as waste materials, bulk industrial waste, construction waste, agricultural and forestry waste, typical urban waste, waste water, sludge and other resource utilization projects. Comprehensively consider factors such as credit risk assessment, cost compensation mechanism and government support policies, and focus on credit support; For the circular economy demonstration pilot parks and enterprises approved by the national and provincial comprehensive management departments for the development of circular economy, banking financial institutions should actively provide diversified credit support, including credit loans, and do a good job in corresponding financial services such as investment consultation, fund settlement, and cash management; Deepen and extend support for supporting services for circular economy industries, and actively support the construction and operation of circular economy infrastructure, related public technical service platforms, and public network information service platforms in demonstration cities, counties, and parks. At the same time, banking financial institutions must not provide any new credit support to enterprises that produce, import, sell, or use technologies, processes, equipment, materials, or products included in the elimination list, and the original credit facilities must be gradually reduced and withdrawn.
(2) Actively innovate financial products and services. Banking financial institutions should make full use of the business development opportunities brought by the implementation of the circular economy development strategy of the state, strengthen financial innovation, and improve the quality and efficiency of financial services. Through dynamic monitoring, revolving credit and other specific methods, actively develop credit innovation products related to circular economy. Broaden the scope of mortgage guarantees, innovate guarantee methods, and study and promote loan business such as pledge of accounts receivable, charging rights, and pledge of intangible assets including proprietary knowledge and technology, licensed patents and copyrights. According to the business scale of the institution, the credit industry and the risk characteristics of customers, through strengthening personnel training, introducing relevant professional talents, and borrowing third-party review or outsourcing, etc., accumulation and circulationWe strive to improve our credit management capabilities for recycling-oriented enterprises and projects involving "reduction, reuse, and recycling".

Fourth, expand direct financing channels to promote the development of circular economy through multiple channels
(1) Actively support the development of circular economy through various debt financing products and means. For national and provincial circular economy demonstration pilot parks and enterprises with good comprehensive economic benefits, they will be supported to issue enterprise (corporate) bonds, convertible bonds, short-term financing bonds, medium-term notes and other direct financing tools when they meet the conditions. Explore the issuance of collective bonds by SMEs in the circular economy demonstration pilot park. All kinds of guarantee institutions are encouraged to provide guarantee services for the issuance of debt financing products.
(2) Give play to the capital support role of equity investment funds and venture capital enterprises. Encourage industrial investment funds (equity investment funds) established in accordance with the law to invest in resource recycling enterprises and projects, and encourage social funds to invest in resource recycling industries through various methods such as equity participation or creditor's rights. Accelerate the implementation of venture capital plans for emerging industries, give full play to the leverage of policy-based venture capital guidance funds at all levels, guide social funds to set up venture capital enterprises that mainly invest in resource recycling enterprises and projects, support the rapid development of circular economy start-ups, and promote the industrialization of circular economy-related technologies.
(3) Actively support the listing and financing of resource recycling enterprises. Give full play to the role of the capital market in the development of circular economy, and encourage and support qualified resource recycling enterprises to apply for domestic and overseas listing and refinancing. Under the premise of meeting regulatory requirements, companies are encouraged to actively invest in circular economy projects through the funds raised through the stock market.

5. Increase the use of foreign funds to support the development of circular economy
(1) Increase the support of foreign loans for circular economy projects. Actively support eligible circular economy projects to apply for loans from international financial organizations and foreign governments.
(b) support and encourage circular economy projects to apply for Clean Development Mechanism (CDM) projects. Local comprehensive management departments for the development of circular economy should strengthen guidance for investors in circular economy projects, help them familiarize themselves with the basic rules and operation procedures of CDM projects, and guide some potential projects to carry out CDM cooperation. Select resource recycling projects to support related methodological research.

6. Strengthen work coordination and promote the effective implementation of
policies (1) Establish linkage mechanisms. The comprehensive management departments for the development of circular economy at all levels should work with the branches of the relevant People's Bank of China and the institutions dispatched by financial supervision departments to establish information sharing mechanisms in terms of policies, regulations, planning, technology, project information, expert resources, personnel training, etc., and take the initiative to do a good job in the docking between enterprises and financial institutions. At the same time, in conjunction with the pilot work of developing circular economy demonstration, enterprises and projects with good circular economy results, as well as enterprises and projects with poor resource and environmental benefits, should be informed to all branches of the People's Bank of China, financial supervision departments and relevant financial institutions for their decision-making reference. The relevant financial regulatory departments shall approve the issuance of securities on the premise that the comprehensive and beneficial circular economy parks, enterprises and projects recommended by the comprehensive management department for the development of circular economy meet the conditions.
(2) Strengthen policy guidance. The comprehensive management departments of circular economy development at all levels should actively study and formulate methods or standards for identifying circular economy enterprises and projects, and provide support for all branches of the People's Bank of China, financial regulatory departments and relevant financial institutions to support the development of circular economy. At the same time, according to the development characteristics of the circular economy in various places, we should study and formulate corresponding supporting policies and measures in conjunction with relevant departments to achieve the coordination and cooperation of various policies to support the circular economy. All branches of the People's Bank of China and all dispatched institutions of financial supervision departments should track and monitor circular economy financial services, summarize and evaluate in a timely manner, and strengthen communication and cooperation with the comprehensive management department for the development of circular economy, establish a regular notification system, and timely feedback information.
(3) Formulate implementation opinions. Each provincial-level comprehensive management department for the development of circular economy shall, together with all branches of the People's Bank of China and the dispatched agencies of the financial supervision department, jointly transfer these Opinions to relevant institutions within their jurisdiction, and formulate specific implementation opinions in their jurisdictions according to these Opinions, and report them to the National Development and Reform Commission (Department of Environmental Resources), People's Bank of China (Department of Financial Markets), China Banking Regulatory Commission (Policy and Regulation Department) and China Securities Regulatory Commission (Issuance Department) before May 31, 2010. Please give timely feedback on the implementation of these opinions.