Notice of the State Council on relaxing the examination and approval authority and simplifying the examination and approval procedures for investment in fixed assets

The State Council on relaxing the authority for examination and approval of fixed assets investment

And simplify the examination and approval procedures.

Guofa [1987〕23number

People’s governments of all provinces, autonomous regions and municipalities directly under the Central Government, ministries and commissions and institutions directly under the State Council:

At present, in the management of fixed assets investment, the examination and approval authority is too centralized, and the procedures are very complicated, so it is difficult to distinguish the responsibilities when problems arise. The fundamental solution to these problems depends on the reform of the economic and political system. At present, under the premise of strengthening macro-management and strictly controlling the scale of investment in fixed assets, we should further simplify administration and decentralization, relax examination and approval authority and simplify examination and approval procedures. After the authority of departments, localities and enterprises in fixed assets investment is expanded, they must bear the responsibilities and risks of investment decision accordingly, and regularly feed back relevant information to the higher authorities and accept the guidance and supervision of the higher authorities. All departments and localities should earnestly do a good job in demand forecasting, carefully formulate industry and local development plans, strive to do a good job in comprehensive balance, control investment scale, guide capital investment, adjust investment structure, and improve investment efficiency. The relevant specific measures are hereby notified as follows:

First, relax examination and approval authority and simplify examination and approval procedures

(a) coal, petroleum, petrochemical, metallurgical (steel), non-ferrous metals, railways and electric power seven contracting departments.

oneWhere large and medium-sized capital construction projects, preparatory projects and technical transformation projects above designated size have been included in the "Seventh Five-Year Plan" of the state, the project proposal is still approved by the State Planning Commission; If the design task book has not been approved, it shall be approved by all contracting departments within the total amount of capital construction investment and technical transformation investment determined in the national "Seventh Five-Year Plan" and reported to the State Planning Commission (technical transformation projects shall also be reported to the State Economic Commission) for the record. The external cooperation and cooperation conditions of construction projects (including the supply of energy and raw materials and the arrangement of transportation capacity, etc.) and the bank loans needed for technical transformation projects are all implemented by the contracting departments themselves. The state’s "Seventh Five-Year Plan" construction projects need to increase investment and projects need to increase investment outside the plan. All contracting departments can adjust between projects or raise funds by themselves, and the state will no longer increase investment. Departments raise funds to increase projects by themselves, which should be reported to the state for the record.

If the investment in construction projects and external conditions such as energy, transportation and raw materials are not implemented, the contracting department can cut new projects and postpone the progress of some construction projects on its own; Where the impact of the "Seventh Five-Year Plan" input-output contract tasks and new production capacity plans should be reported to the State Council for approval.

The examination and approval of the project proposal and design task book (feasibility study report) of large and medium-sized capital construction projects listed in the preliminary work plan of the seventh five-year plan and mainly built during the eighth five-year plan period shall still be carried out according to the original provisions.

2When arranging the annual plans for capital construction and technological transformation, all contracting departments can make independent arrangements for investment in all capital construction projects and technological transformation projects in accordance with the construction projects, new production capacity, input-output contracting tasks and other construction requirements stipulated in the seventh five-year plan of the state, within the annual planned investment scale of sub-capital channels approved by the state. Among them, large and medium-sized capital construction projects and technical transformation projects above designated size are included in the national annual plan after comprehensive balance and audit by the State Planning Commission according to the requirements of system engineering. All contracting departments should make more arrangements to expand the production capacity of short-term products in this industry and give full play to the production potential of existing enterprises, and reduce non-productive construction and other construction; For the key construction projects of this department or other departments, the urgently needed supporting projects and their investments must be carefully arranged. New large and medium-sized capital construction projects should be strictly controlled.

threeIn the implementation of the annual plan, in order to speed up the progress of key construction projects and increase the production capacity of short-term products, all contracting departments need to adjust their investment between projects, which can be adjusted according to the funding channels; Need to increase investment, can raise funds by itself, by the State Planning Commission approved by the State Council, plus investment plan indicators.

(2) Non-contracting departments

oneThe examination and approval authority of large and medium-sized capital construction projects and technical transformation projects above designated size shall be implemented in accordance with the original provisions.

2In the arrangement of the annual plan, large and medium-sized capital construction projects and technical transformation projects above designated size shall be invested by the State Planning Commission according to the projects; Small capital construction projects and technical transformation projects below the quota shall be arranged by the departments themselves within the total investment scale approved by the State Planning Commission.

If both capital construction investment and technological transformation funds are used in reconstruction and expansion projects, enterprises can bundle the two funds together, but they should be included in the investment plans of capital construction and technological transformation respectively, and make statistics respectively.

threeIn the implementation of the annual plan, in order to ensure the investment required for large and medium-sized capital construction projects planned to be put into production and organized for construction according to a reasonable time limit, departments can adjust investment between large and medium-sized projects according to capital channels without reporting to the State Planning Commission for approval. Investment in technological transformation, after ensuring the investment required by the key projects supported by the state, the department can adjust the investment between projects according to the funding channels.

(3) Local projects

oneLarge and medium-sized capital construction projects of local universities, hospitals and other cultural, educational and health undertakings arranged by local investment, their project proposals and design task books are no longer reported to the State Planning Commission for examination and approval, but are instead examined and approved by the planning commissions of provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans; At the same time, send a copy to the State Planning Commission and relevant departments for the record.

2In the arrangement of the annual plan, the capital construction investment of local large and medium-sized projects and small projects shall be independently arranged by the local government within the investment scale approved by the state according to the investment direction and investment policy determined by the state. In the arrangement, we should pay attention to strengthening the construction of agriculture, energy, transportation and raw materials industries, reducing the construction of general processing industries and unproductive ones, and strictly controlling the construction of office buildings, hotels and various "centers", rest homes and "streets". The key construction funds for energy and transportation that are retained by local governments must be used for energy and transportation construction in accordance with state regulations and shall not be used for other purposes.

Investment in technical transformation projects below the quota shall be arranged by the local authorities independently within the investment scale approved by the state. In the arrangement, we should pay attention to adjusting the investment structure and increasing the proportion of investment in energy, transportation and raw material industries; Increase investment in improving product quality, reducing energy and raw material consumption, strengthening comprehensive utilization, and reducing investment in general processing industry; Do not engage in long-term products and projects with high consumption and backward technology.

(four) large-scale joint ventures and capital construction group projects with separate plans.

oneCapital construction projects, technological transformation projects and capital construction group projects of large-scale joint ventures, where the design task book or master plan has been reviewed and approved by the State Council or the State Planning Commission, individual projects will not be submitted for approval within the scope of the total investment approved by the state, and will be handled by enterprises or groups themselves and reported to the State Planning Commission, relevant departments and relevant places for the record. However, projects using foreign exchange and foreign capital borrowed by the state as well as projects designated by the state still need to be submitted for approval according to regulations.

2In the annual plan, the single project investment of large-scale joint ventures and group projects shall be arranged independently by the enterprises or groups within the investment scale of capital construction and technological transformation determined by the national "Seventh Five-Year Plan" and annual plans.

threeLarge and medium-sized key enterprises supported by the state, the approval of individual projects of their basic construction projects and technological transformation projects and the arrangement of annual investment can be handled by referring to the above provisions.

(V) Horizontal joint investment projects

For large and medium-sized capital construction projects with horizontal joint investment by enterprises, where the funds are raised by themselves, the energy, raw materials, equipment, production, supply and marketing, power and transportation capacity after commissioning can be implemented by themselves, and contracts have been signed with relevant departments, localities and enterprises, which do not require state arrangements, the State Planning Commission is only responsible for examining and approving project proposals; Its design task book, preliminary design, etc., are approved by the relevant departments or the relevant provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan (the Project Construction Committee), with a copy to the State Planning Commission and relevant departments for the record. When to start construction is determined by the state in its annual plan. The examination and approval procedures for small-scale projects shall be determined by various departments or the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government.

Second, improve the management of technological transformation projects

(a) the proportion of special loans for technological transformation directly arranged by the state in the total loan scale is gradually reduced, and the task of technological transformation and the loan period should be clearly defined, and the loans should be used intensively.

(II) For technical transformation projects above designated size, the project proposal and design task book (feasibility study report) shall be examined by the State Planning Commission in conjunction with the State Economic and Trade Commission, and approved by the State Planning Commission, which will generally not be countersigned.

(3) For the technological transformation of large and medium-sized key enterprises and enterprise groups supported by the state, the State Economic Commission shall, according to the medium and long-term plan of the state, organize the centralized departments of industries and local classification to formulate transformation plans. All departments and localities should organize enterprises to formulate overall transformation plans, in which the planned total investment is above the quota, which shall be examined and approved by the State Planning Commission in conjunction with the State Economic Commission. Where the planned total investment is below the quota, the examination and approval authority shall be determined by the local authorities and departments themselves.

(four) the technical transformation projects below the quota, within the scale of the departmental and local technical transformation investment plans, are determined by the enterprises themselves if they can raise funds by themselves, implement various matching conditions and meet the relevant provisions of the state.

Three, adjust the quota of construction projects in some industries

The quota of large and medium-sized capital construction projects, according to the construction scale (completed production capacity), is still unchanged according to the original provisions; According to the amount of investment, the industrial projects of energy, transportation and raw materials increased from 30 million yuan to 50 million yuan. The limit of total investment for technical transformation projects, energy, transportation and raw material industry projects will be raised from 30 million yuan to 50 million yuan. The limits of capital construction projects and technological transformation projects in other industries shall still be implemented according to the original provisions.

Capital construction projects and technological transformation projects with a total investment below the quota of 20 million yuan or more shall be reported to the State Planning Commission (technical transformation projects shall also be reported to the State Economic Commission) for the record after examination and approval by departments or localities, so as to keep abreast of the changes and adjustments in the investment structure.

Four, shorten the examination and approval time, improve efficiency.

(a) the project reporting unit to submit the project proposal and design task book (feasibility study report) must contact all relevant parties in advance to implement various construction conditions (including fund raising, supply of electricity, fuel and raw materials needed for construction and production, cooperation of external transportation, etc.), and submit all the submitted documents and materials. For the application documents with incomplete information, inaccuracy or non-compliance with the specified requirements, the state organ in charge of examination and approval shall, within 15 days, notify the applicant to supplement the contents that need to be supplemented or return the original to the applicant for re-submission. If the applicant practices fraud or forges information and data, thus causing losses to the project construction, it shall bear the economic and administrative responsibilities.

(II) In order to reduce the round-trip turnover of documents, the project proposal and design task book (feasibility study report) of large and medium-sized capital construction projects and technical transformation projects above designated size declared by local authorities shall be submitted to the State Planning Commission (technical transformation projects shall be submitted to the State Economic Commission at the same time) and submitted to all relevant departments; Other projects are mainly reported to the industry centralized department, which puts forward the review opinions and then submits them to the State Planning Commission (technical transformation projects are also submitted to the State Economic Commission) for approval.

(three) the State Planning Commission in the examination and approval of the project proposal, at the same time to determine the consulting company commissioned evaluation. In the process of preparing the design task book (feasibility study report) and preliminary design, the project applicant should absorb the consulting company entrusted by the State Planning Commission to participate.

(four) when examining and approving projects, the relevant competent departments should adopt different examination and approval methods according to different enterprises, projects and sources of funds, so as to minimize the examination and approval links and shorten the examination and approval time. Projects that need to be reviewed by several units in a department shall be approved by the organizer in the form of joint office; For projects that need to be reviewed and countersigned by several departments, the sponsoring department shall be responsible for consulting and contacting the relevant departments, urging them to implement them, or adopting the way of centralized joint examination led by the sponsoring department to examine and countersign them. For the problems that can’t be solved by the person in charge of the sponsoring department who has different opinions, the sponsoring department shall report them to the State Council for ruling.

(five) the people’s governments of all provinces, autonomous regions and municipalities directly under the central government and their relevant departments should also improve the management of fixed assets investment, simplify the examination and approval procedures and improve work efficiency in accordance with the spirit of this circular.

　　　　　　　　　　　　　　　　　　　　　　　　country affair courtyard

　　　　March 30, 1987