The State Council issued the "Catalogue of Government-Approved Investment Projects (2013)" (Guofa [2013] No. 47) to further reform the investment system and administrative approval process, enhance government efficiency, and better define the role of the market in resource allocation. This notice outlines the procedures for project approvals, record management, and regulatory oversight across various sectors.
Under this policy, enterprises investing in projects listed in the catalogue must seek approval from relevant authorities, while those outside the list will be subject to record management. Public institutions and social organizations are also required to follow the same guidelines. Laws, regulations, national development plans, industrial policies, environmental standards, and land use policies serve as key references for project planning and approval.
Projects in industries with overcapacity, such as steel, aluminum, cement, flat glass, and shipbuilding, are strictly controlled to prevent new capacity expansion. Approval authorities are tasked with improving efficiency, adhering to legal procedures, and ensuring strict compliance. Non-compliant or unapproved projects may not proceed, and financial institutions are prohibited from offering credit support.
Projects approved by the State Council require review by the Development and Reform Commission before final approval. Provincial governments may define their own approval powers based on local conditions, but they cannot delegate authority for projects approved at the provincial level. Specific provisions in laws and regulations take precedence where applicable.
This catalogue replaces the 2004 version and becomes effective immediately. It covers a wide range of sectors, including agriculture, energy, transportation, information technology, raw materials, machinery, light industry, high-tech, urban construction, social undertakings, finance, foreign investment, and overseas investment. Each category specifies which projects require central or local approval, ensuring clarity and consistency in the investment process.
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