The Press Conference of 2018 China PPP Market Transparency Report & Round-table Forum on PPP Information Disclosure and Standardized Management

On October 29, 2019, the Press Conference of 2018 China PPP Market Transparency Report & Round-table Forum on PPP Information Disclosure and Standardized Management of the Fifth China Public-Private Partnerships Development (Financing) Forum was held successfully in Hall A of Xuanyuan Hall of Zhengzhou International Convention & Exhibition Centre, which is the result of assessing the current situation of information disclosure in China’s PPP market once again by the PPP Research Centre of Shanghai University of Finance and Economics after the 2017 China PPP Market Transparency Report.

Jiao Xiaoping, the director of China Public Private Partnerships Center, attended the conference and delivered a speech. He expressed that information disclosure is a key measure to promote the modernization of governance system and governance capacity and enhance the credibility of the government in the new era, and plays an important role in improving government credibility, optimizing business environment, improving economic efficiency and strengthening social supervision. The monographic study carried by Shanghai University of Finance and Economics, as an independent third party, is of innovativeness in the development of PPP in China and even in the world. In the future, information disclosure will be further strengthened to promote the efficiency of PPP market and long-term standardized development. Wish PPP transparency report better and better.

Fang Fang, secretary of the Party Committee of School of Public Economy and Management of SUFE, issued in both Chinese and English the 2018 China PPP Market Transparency Report, in which the information disclosure work of 8,636 projects in the PPP integrated information platform management library of the Ministry of Finance in 2018 was evaluated in detail, and “2018 China PPP market transparency indexes” were compiled, including 76 index fields, which were classified as real time transparency index, timely disclosure transparency index and transparency sub indexes in terms of identification, preparation, procurement and implementation. Through the statistical analysis of the index results, the Report proposes that the total transparency index of the national PPP market in 2018 was 75.25, with an increase of 11.54 points compared with the previous year, which was mainly reflected in the aspect of instant disclosure, and the main reason was that the withdrawal of non standard projects and approval of new projects became more standardized. At the same time, the Report of this year analyzed the information disclosure of consulting institutions. The average score of the transparency index of consulting institutions was 75.76, and there was a positive correlation between the scores of each consulting institution and the number of PPP projects participated and the age of survival.

After the conference, Liu Xiaochuan, professor and executive dean of China Academy of Public Finance of SUFE, presided over the round-table forum on PPP Information Disclosure and Standardized Management. Experts including Wang Ke, chair professor of Emory Real Estate and Infrastructure of Johns Hopkins University Carey Business School, Meng Chun, director of PPP Research Centre of University of Chinese Academy of Sciences, Yang Jie, director of PPP Centre of Yunnan Provincial Department of Finance, Zhou Yanhu, deputy general manager of Zhongyuan Yuzi Investment Holding Group, Wang Fuli, vice president of Henan Branch of Agricultural Development Bank of China and Ma Guochen, partner of Shanghai Everpower Management Consulting Centre (limited partnership) had a heated discussion on information disclosure and standardized management of PPP projects. Experts at the conference all agreed that information disclosure is the essential requirement of the attributes of PPP projects. And strengthening information disclosure is conducive to good performance in supervision by the government, and to promoting the active participation of social capitals in PPP projects. It is necessary to further strengthen the information disclosure of social capital, project companies, consulting institutions, financial institutions and other parties in the future to promote the standardized operation and management of PPP projects, which will also facilitate more evaluation of the quality of information disclosure.