China has pledged to further open its defense-related industries to private capital in a "fair and safe manner", according to an investment guideline unveiled Thursday.
Following a string of policies to encourage the opening of monopolized sectors to private investment, some private firms have decided to test the waters.
The Ministry of Commerce issued a guideline encouraging private oil companies to take part in refined oil's processing, transportation and retail.
China may open its energy sector to private investors in the fields of oil and gas exploration, coal gas pipelines, and power grids, according to a China Securities News report.
Hoping to help cash-strapped small and medium-sized enterprises in Wenzhou, Yang Jiaxing has applied for regulators' permission to launch a private bank.
China launched a new investment fund on Monday in an attempt to bring private capital into the energy and infrastructure sectors.
The development of China's private sector is likely to witness a breakthrough in 2012, as the authorities consolidate rules to lower entrance limits.
China will issue specific guidelines on encouraging private investment in more industries after opening the way for private capital to flow into the railway and health sectors, an economic official said Tuesday.
China Securities Regulatory Commission (CSRC) plans to improve the mechanism for private companies to raise funds by issuing initial public offerings and refinancing.
The Ministry of Railways released its second document on Sunday to announce a major revamp in how construction contracts are awarded.
China's state-dominated oil sector has started to make efforts to woo private capital amid a growth slowdown in the world's second-largest economy.
The NDRC is working on, and will soon issue, guidance to encourage flows of private investment into the logistics industry, it said on Wednesday.
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