National Development and Reform Commission: Focus on stimulating investment vitality and effectively preventing inefficient and ineffective investment.

The National Development and Reform Commission's Fixed Asset Investment Department has released an article "Focusing on expanding effective investment". The article points out the need to deepen the reform of investment approval system, further improve the investment approval management system, focus on stimulating investment vitality, and effectively prevent inefficient and ineffective investment. It is necessary to study and formulate opinions on deepening the reform of the investment approval system. According to the principles of matching powers with responsibilities, consistent rights and obligations, and effective supervision, optimize the approval authority for government investment projects, strengthen the hierarchical review and management of projects in key regions and key areas. Standardize the approval procedures for government investment projects, strictly prohibit illegally using state-owned enterprises to bypass government investment approval, and improve the accountability mechanism for government investment decision-making. Strictly restrict the budget of government investment projects. Research and revise the list of government-approved investment projects to ensure effective management and orderly release of projects under control. Standardize the management of record-keeping projects, strengthen the coordination of enterprise investment project approval, record-keeping management, and policies for element management, fund management, etc. Optimize the approval matters and processing procedures for investment project reporting, and improve approval efficiency. Improve the system of reporting information for investment project construction and establish a sound system for comprehensive project decision-making evaluation and performance evaluation.