Nanjing is to further promote private investment, with some government procurement projects being tailored for small and medium-sized enterprises, according to the press conference held in the city on January 26.

Government procurement projects less than 4 million yuan, if suitable and not against the law, should be exclusively provided to small and medium-sized enterprises.

Nanjing welcomes more private enterprises to take part in the construction and operation of projects in areas such as urban renewal and public services. Private investment will have more support for applying for national and provincial key projects.

The government will also sort out projects with good returns to attract private capital participation, with the support of policy-based funds such as government bonds, according to the conference.