China will allow private investment in military equipment super hard enterprises or will benefit

According to Xinhua news summary in English, Chinese private capital will open defense equipment, expand market access threshold for military equipment. According to reports, the latest policy of the General Armament Department of the Chinese People's Liberation Army will include: reducing market access thresholds, simplifying licensing procedures, and improving military use...
According to Xinhuanet English news, China will open up the field of defense equipment to private capital and relax the market entry threshold for military equipment.

According to reports, the latest policies of the General Armament Department of the Chinese People's Liberation Army will include: reducing market access thresholds, simplifying licensing procedures, and improving pricing mechanisms and tax policies for military equipment.

Relevant departments will set up an army procurement website to regularly release relevant requirements for weapons and other equipment. The report said that this new policy will strive to ensure fair market competition and encourage private enterprises to participate in the production, maintenance and research and development of military equipment.

According to the Chinese government's offline news, on the 29th, the first "High-tech Achievements Exhibition of Private Enterprises and the High-level Forum on Military-civilian Integration", the General Armament Department of the People's Liberation Army said that it will work with the Ministry of Industry and Information Technology, the National Defense Science and Technology Bureau and the National Industry and Commerce. Lian, introduced a number of measures to simplify the military market access procedures, establish a procurement information exchange mechanism, and guide private enterprises to participate in military equipment construction, and accelerate the pace of military-civilian integration development.

Since the beginning of this year, the number of listed companies entering the weapons and equipment system has proliferated, and private enterprises are playing an increasingly important role in weapons and equipment supply and equipment research. In the processing of military equipment, China's super-hard materials and products companies will usher in important development opportunities.

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