From 2005 to 2020, China needs 18 trillion yuan in energy investment, of which energy conservation, new energy, and environmental protection will require 7 trillion yuan. Well-known investment institutions at home and abroad have already “sniffed†vast business opportunities. On the 26th in the “China High-level Energy Strategy Forum†of the 10th China Science and Technology Fair, they held heated discussions on the opportunities and risks of new energy investment.
Venture Capital Combines the Science and Technology Fair According to our joint forecast with the National Development and Reform Commission of China, China needs 18 trillion yuan in energy investment, including 7 trillion yuan in new energy, energy, and environmental protection. Yang Fuqiang, vice chairman of the US Energy Foundation, is in the sub-forum "China's energy policy at the investment and financing summit" said.
Yang Fuqiang’s voice just fell, and Yang Yongqiang, deputy general manager of Zhongsheng Investment Group Co., Ltd. expressed a keen interest in this figure: “18 trillion yuan is not a small number. How much is China’s GDP per year?†There is nothing wrong with the comparison. In 2006, China's total GDP was only 20.96 trillion yuan.
In addition to Yang Yongqiang, there are High Energy Capital Co., Ltd., IDGVC Venture Capital Co., Ltd., Singapore SKY MINING Investment Group... The appearance of Golden Phoenix undoubtedly illustrates the attractiveness of China's new energy industry.
According to Su Guiguang, director of the Changping Park Management Committee of the Zhongguancun Science and Technology Park, more than a dozen venture capitalists have already taken a look at the park's energy-saving technology company, Beijing Shenwu Thermal Energy Technology Co., Ltd., including Goldman Sachs.
Be Positive and Be Cautious. “Positive and cautious.†Yang Yongqiang’s words may represent the attitude of most investors because “opportunities and challenges will last forever, and the benefits and risks will remain foreverâ€.
The risk they worry is first and foremost policy. “Government policies have inhibited the pace of new energy development. Local policy support has brought risks to local companies because local companies rely too heavily on government policies. The development of new energy companies must also rely on policies and capital.†Yang Yongqiang said .
Li Ying, investment manager of IDGVC Venture Capital Co., Ltd., believes that “China is a monopoly energy consumption market†and is concerned that “the consumption channels of new energy products cannot be separated from controlâ€.
In addition, technical risks are also a key issue for investors. Wang Xiaobin, Chairman of High Energy Capital Co., Ltd., was most afraid of the equipment that was dropped, but when it was not put into production, a new process was created. Energy-saving technologies are constantly innovating and create risks for projects that have already been invested.
The desire of new energy companies Li Ying introduced that IDGVC's investment criteria are: The project itself is in the top three positions in the internal segmentation of the company, and the invested company needs to have a certain scale.
At present, investment institutions are basically companies that already have a certain size. As Wang Xiaobin said, it is difficult for new energy companies in the initial stage to have loans or venture capital to enter.
However, in the interaction between the guests and the audience, the watch held by the audience reveals the endless desire for capital from new energy or energy-saving companies.
“To a fulcrum, the Chinese people are fully capable of no longer importing oil by 2020.†The first spectator came from Nanjing Juhao Technology Development Co., Ltd. to introduce the advantages of the large proportion of methanol gasoline used by the company and the difficult.
Another question asked the audience came from a company that developed solar power generation technology, saying that its power generation cost is lower than other power generation methods such as coal-fired power generation and it is absolutely environmentally friendly. "Why didn't anyone invest in us?"
expert's point
The “Energy Conservation Law†amendment is expected to be submitted to the National People's Congress Standing Committee next month for submission to the Standing Committee of the National People’s Congress “The People’s Republic of China Energy Conservation Law†(hereinafter referred to as the “Energy Conservation Lawâ€) in June.
This was revealed by Zhou Fuqiu, deputy director of the Energy Efficiency Research Center of the National Development and Reform Commission at the China Energy Strategy Summit Forum on the 26th.
Zhou Fuqiu pointed out that the revision of the “Energy Conservation Law†mainly focused on clarifying the competent departments for energy conservation and clarifying the functions and authorities of each agency. At the same time as the monitoring was strengthened, monitoring duties were clarified. Zhou Fuqiu also stressed that the central government and local governments should establish special funds for energy conservation and incorporate them into the government budget. According to Zhou Fuqiu, the Ministry of Finance will also issue relevant substantive measures to address this issue.
It is understood that the "Energy Conservation Law" was promulgated by the Standing Committee of the National People's Congress in November 1997. However, due to major changes in China's energy management, energy conservation mechanisms, energy-saving technologies, and energy supply methods, in March of last year, the NPC Financial and Economic Committee took the lead in officially launching the revision of the Energy Conservation Law.
NDRC expert: China has the energy tax conditions for China. Is China currently eligible for the energy tax? Li Junfeng, deputy director of the National Development and Reform Commission's Energy Institute, gave a positive answer to the reporter at the forum. Zhou Fuqiu, deputy director of the Energy Efficiency Center of the National Energy Development Research Institute of the National Development and Reform Commission, added that his energy tax is a result of the coordination of various interests.
Zhou Fuqiu said that the formulation of a tax is the result of the coordination of various interests. The energy tax is definitely a way to go. The government has already begun to pay attention to this issue and has already taken it into consideration. The role of energy tax from the international perspective is multi-faceted, and promoting energy conservation is only one aspect of consideration.
As a kind of energy tax, fuel tax was first formally introduced in China in 1994. Since then, the topic of when to introduce the fuel tax will become the focus of social attention almost every year. The opponent’s argument is that the current price of oil is too high; supporters refute: The high oil price means that the supply is in short supply, the need for fuel saving is in short supply, and the fuel tax is needed to promote fuel economy.
The current road maintenance fees in China are under the management of the traffic department and belong to the revenue of local governments. After the tax reform fee, they will be handed over to the taxation department and turned over to the state finance.
Venture Capital Combines the Science and Technology Fair According to our joint forecast with the National Development and Reform Commission of China, China needs 18 trillion yuan in energy investment, including 7 trillion yuan in new energy, energy, and environmental protection. Yang Fuqiang, vice chairman of the US Energy Foundation, is in the sub-forum "China's energy policy at the investment and financing summit" said.
Yang Fuqiang’s voice just fell, and Yang Yongqiang, deputy general manager of Zhongsheng Investment Group Co., Ltd. expressed a keen interest in this figure: “18 trillion yuan is not a small number. How much is China’s GDP per year?†There is nothing wrong with the comparison. In 2006, China's total GDP was only 20.96 trillion yuan.
In addition to Yang Yongqiang, there are High Energy Capital Co., Ltd., IDGVC Venture Capital Co., Ltd., Singapore SKY MINING Investment Group... The appearance of Golden Phoenix undoubtedly illustrates the attractiveness of China's new energy industry.
According to Su Guiguang, director of the Changping Park Management Committee of the Zhongguancun Science and Technology Park, more than a dozen venture capitalists have already taken a look at the park's energy-saving technology company, Beijing Shenwu Thermal Energy Technology Co., Ltd., including Goldman Sachs.
Be Positive and Be Cautious. “Positive and cautious.†Yang Yongqiang’s words may represent the attitude of most investors because “opportunities and challenges will last forever, and the benefits and risks will remain foreverâ€.
The risk they worry is first and foremost policy. “Government policies have inhibited the pace of new energy development. Local policy support has brought risks to local companies because local companies rely too heavily on government policies. The development of new energy companies must also rely on policies and capital.†Yang Yongqiang said .
Li Ying, investment manager of IDGVC Venture Capital Co., Ltd., believes that “China is a monopoly energy consumption market†and is concerned that “the consumption channels of new energy products cannot be separated from controlâ€.
In addition, technical risks are also a key issue for investors. Wang Xiaobin, Chairman of High Energy Capital Co., Ltd., was most afraid of the equipment that was dropped, but when it was not put into production, a new process was created. Energy-saving technologies are constantly innovating and create risks for projects that have already been invested.
The desire of new energy companies Li Ying introduced that IDGVC's investment criteria are: The project itself is in the top three positions in the internal segmentation of the company, and the invested company needs to have a certain scale.
At present, investment institutions are basically companies that already have a certain size. As Wang Xiaobin said, it is difficult for new energy companies in the initial stage to have loans or venture capital to enter.
However, in the interaction between the guests and the audience, the watch held by the audience reveals the endless desire for capital from new energy or energy-saving companies.
“To a fulcrum, the Chinese people are fully capable of no longer importing oil by 2020.†The first spectator came from Nanjing Juhao Technology Development Co., Ltd. to introduce the advantages of the large proportion of methanol gasoline used by the company and the difficult.
Another question asked the audience came from a company that developed solar power generation technology, saying that its power generation cost is lower than other power generation methods such as coal-fired power generation and it is absolutely environmentally friendly. "Why didn't anyone invest in us?"
expert's point
The “Energy Conservation Law†amendment is expected to be submitted to the National People's Congress Standing Committee next month for submission to the Standing Committee of the National People’s Congress “The People’s Republic of China Energy Conservation Law†(hereinafter referred to as the “Energy Conservation Lawâ€) in June.
This was revealed by Zhou Fuqiu, deputy director of the Energy Efficiency Research Center of the National Development and Reform Commission at the China Energy Strategy Summit Forum on the 26th.
Zhou Fuqiu pointed out that the revision of the “Energy Conservation Law†mainly focused on clarifying the competent departments for energy conservation and clarifying the functions and authorities of each agency. At the same time as the monitoring was strengthened, monitoring duties were clarified. Zhou Fuqiu also stressed that the central government and local governments should establish special funds for energy conservation and incorporate them into the government budget. According to Zhou Fuqiu, the Ministry of Finance will also issue relevant substantive measures to address this issue.
It is understood that the "Energy Conservation Law" was promulgated by the Standing Committee of the National People's Congress in November 1997. However, due to major changes in China's energy management, energy conservation mechanisms, energy-saving technologies, and energy supply methods, in March of last year, the NPC Financial and Economic Committee took the lead in officially launching the revision of the Energy Conservation Law.
NDRC expert: China has the energy tax conditions for China. Is China currently eligible for the energy tax? Li Junfeng, deputy director of the National Development and Reform Commission's Energy Institute, gave a positive answer to the reporter at the forum. Zhou Fuqiu, deputy director of the Energy Efficiency Center of the National Energy Development Research Institute of the National Development and Reform Commission, added that his energy tax is a result of the coordination of various interests.
Zhou Fuqiu said that the formulation of a tax is the result of the coordination of various interests. The energy tax is definitely a way to go. The government has already begun to pay attention to this issue and has already taken it into consideration. The role of energy tax from the international perspective is multi-faceted, and promoting energy conservation is only one aspect of consideration.
As a kind of energy tax, fuel tax was first formally introduced in China in 1994. Since then, the topic of when to introduce the fuel tax will become the focus of social attention almost every year. The opponent’s argument is that the current price of oil is too high; supporters refute: The high oil price means that the supply is in short supply, the need for fuel saving is in short supply, and the fuel tax is needed to promote fuel economy.
The current road maintenance fees in China are under the management of the traffic department and belong to the revenue of local governments. After the tax reform fee, they will be handed over to the taxation department and turned over to the state finance.