Ma Xuming, Mayor and Vice Secretary of the Municipal Party Committee, recently presided over the 69th Executive Meeting of Yichang Municipal Government and discussed "Yichang Fund Establishment Plan on PPP Projects Development." Ma said that to improve people’s livelihood, we should seek for new models to integrate capitals of government and society and vigorously innovate the mechanism of financial investment. Grabbing the opportunity of the establishment of fund for PPP projects related to people's well-being in Yichang, we should step up the formation of a diversified and sustainable funding mechanism for livelihood projects, thereby enhancing the overall security of livelihood and improving public’s well-being index.

He called for the full implementation of the new requirements raised at the Fifth Plenary Session of the 18th CPC Central Committee, which includes innovative development, coordinated development, green development, open development and shared development. We should encourage more investment from social capital flowing into key projects concerning people’s livelihood in urban areas. During the 13th "Five-Year" Plan, We should collect financial resources to build a number of high-quality livelihood projects, aiming to solve an array of problems that concern people’s life, such as getting into nurseries or schools for kids, accessing to medical services, getting pension for the aged and finding parking places in urban areas. We should take full advantage of social capital to constantly improve infrastructure facilities in the urban public places, so as to enhance security of citizens’ livelihood.

At the meeting, he stressed that the establishment of development fund for Yichang PPP projects was an effective way to support the development of causes related to people’s well-being in a market-based way. According to the principles of "government guidance, scientific decision-making, market-based operation and risk prevention", we should draw strength from social capital’s financial power, efficient management, innovative technologies, thus further promoting institutional innovation in investment and financing. We should step up the establishment of a diversified and sustainable funding mechanism for projects related to people’s livelihood, thereby enhancing the overall security of livelihood and improve public’s well-being index.

Besides, other issues, such as the "standardization management of Yichang tourism", were discussed at the meeting. (Reporter Zheng Guanghua)