Release Event of China’s PPP Market Transparency Report and PPP Market Academic Seminar Successfully Held

promulgator:姚远Release time:2020-12-21viewed:72

 

On the morning of December 18, 2020, the School of Public Economics and Administration and the China Public Finance Institute of Shanghai University of Finance and Economics successfully held the “Release Event of China’s PPP Market Transparency Report and PPP Market Academic Seminar”. After the 2017 China’s PPP Market Transparency Report and the 2018 China’s PPP Market Transparency Report, the Research Group of PPP Center of Shanghai University of Finance and Economics has evaluated the current status of information disclosure in China’s PPP market again. The conference adopted a combination of online and offline modes. The distinguished participants including but not limited to Jiao Xiaoping, Director General and the head of China PPP Center under the Ministry of Finance, Yang Jianmin, Deputy Director General of China PPP Center under the Ministry of Finance, Professor Ding Huang of Wuhan University, Professor Zhou Yahong, Director of the School of Economics of Shanghai University of Finance and Economics, Masato Abe and Beini Liu, Economic Affairs Officers of the UN Economic and Social Commission for Asia and the Pacific, Mikel Tejada-Ibanez, PPP Expert of the World Bank, as well as reporters from news media such as people.cn, Xinhua News Agency, China Business Network, The Economic Observer, China Economic Weekly, China News Service, eastday.com and China Securities Journal, etc. attended the Conference. The Public Management Finance and Regional Cooperation Division of the East Asia Department of the Asian Development Bank wished the event and the seminar a complete success via email. Xu Fei, Executive Vice President of Shanghai University of Finance and Economics, Fang Fang, Director of the School of Public Economics and Administration, Wang Feng, Deputy Director of the School of Public Economics and Administration, and Zong Qingqing, Director of the Department of Investment attended the Conference. The Conference was chaired by Deputy Director Wang Feng.

 

  

 

On behalf of the University, Xu Fei, Executive Vice President of Shanghai University of Finance and Economics, extended warm welcome and thanks to all guests attending the conference. He stated that PPP was simply used as a market-oriented investment and financing method adopted by the government in the past but has been upgraded to a system and mechanism reform with regard to the marketization and social supply of public services since 2014. In the actual context of information transparency having become a key indicator for measurement of the PPP market development quality, the Research Group of PPP Center of Shanghai University of Finance and Economics has issued the “China’s PPP Market Transparency Report” for three consecutive years, which has led to good social response and has become a brand think tank construction project of the University’s School of Public Economics and Administration and Public Finance Institute.

 

Mr. Jiao Xiaoping pointed out in his speech that information disclosure is a new drive for the high-quality economic development and a new development pattern of China. The information disclosure in the area of PPP in China has accelerated the establishment of a standardized, transparent, efficient and unified PPP market. And the upgraded National PPP Information Platform equipped with cutting-edge information technologies has further improved the information disclosure and powered China to build a high-quality PPP market. China’s PPP development as well as its information disclosure has benefited from the guidance and assistance of international multilateral institutions, and also been evaluated by them objectively and impartially with positive results. In order to further improve the information disclosure in the PPP area, in the nest step it should be prioritized to optimize disclosure measures, strengthen disclosure efforts and foster international cooperation. Meanwhile, Mr. Jiao fully affirmed the objective assessment made by Shanghai University of Finance and Economics as a party independent to both public and private partners, on the transparency of China’s PPP market. And he believes that series of such assessment have become a strong force in promoting the high-quality development of China’s PPP market, and have represented a significant step into the exploration of innovative social governance based on collaboration and broad participation with the goal to bring benefits to all.

 

 

Subsequently, Fang Fang, Head of the Research Group, released the Chinese-English bilingual 2019 China’s PPP Market Transparency Report on behalf of the Research Group. According to her introduction, the Research Group carried out the assessment of information disclosure works with regard to 9,398 projects in the PPP management database of the Ministry of Finance by the end of 2019 in detail, and compiled a set of “2019 China’s PPP Market Transparency Indexes”. The indexes include 75 indicator fields, and are classified into the immediately disclosed transparency index, the timely disclosed transparency index, and the transparency sub-indexes of identification phase, preparation phase, procurement phase and implementation phase, etc. By means of statistics and analysis of the specific results of indexes, the Research Group found that the 2019 overall index of the national PPP market transparency was 76.19, representing a further improvement from 2018. Upon decomposition of exit effect, stock effect and entry effect, the projects with poor transparency indexes were withdrawn from the database, and the projects remaining in the database improved their information disclosure. In addition, the indexes of new projects were slightly higher than those of stock projects. These factors have jointly promoted the improvement of 2019PPP market transparency indexes. The Research Group also analyzed the information disclosure status of PPP intermediaries, and it was found that the average score of intermediaries’ transparency indexes was 75.20, representing little change when compared with last year. Moreover, it was found upon further analysis that the transparency index scores of intermediaries had significant positive correlation with the number of PPP projects in which intermediaries participated and the existing period of intermediaries.

 

After that, Masato Abe, Economic Affairs Officer of the U.N. Economic and Social Commission for Asia and the Pacific, Mikel Tejada-Ibanez, PPP Expert of the World Bank, Ding Huang, Professor of Wuhan University, Professor Zhou Yahong, Director of the School of Economics of Shanghai University of Finance and Economics, and other guests discussed the topic of “Information Disclosure and Sustainable Development of PPP”. The attending experts pertinently evaluated the results of the 2019 China’s PPP Market Transparency Report and stated that information disclosure is both an important guarantee for and an essential requirement of PPP market’s high-quality development, the effective information disclosure is conducive to promoting the active participation of social capital in PPP projects, information disclosure of China’s PPP market has achieved good results and been developing constantly, and it is worth the continuous tracking and evaluation and the strengthened international exchanges. The master and doctor degree candidates of the School of Public Economics and Administration of Shanghai University of Finance and Economics also actively participated in the seminar. The conference achieved a complete success.