"We will roll out the third batch of public-private partnership (PPP) demonstrative projects in a more transparent manner," noted Jiao Xiaoping, deputy director of the Ministry of Finance (MOF) PPP center on Monday.
Jiao remarked that we prepared for the launch of PPP projects in 2013, took the initiative to roll out them in 2014 and optimized them in 2015. "Establishing PPP mechanism is only the first step we have taken. In the future, we will try to create a better legal environment and rectify the false PPP projects," said Sun Xiaoxia, director of the finance department of the MOF.
Some financial institutions have served as the catalyst for the development of PPP projects. At present, China Construction Bank (CCB; 00939.HK; 601939.SH) and China State Construction Engineering Corporation (601668.SH) have jointly set up a PPP fund, with the initial scale at 100 billion yuan.
In addition, Ping An Insurance (Group) Company plans to establish a industry fund management firm, with PPP as the most important investment direction
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