In a document published on Dec 1, the State Council approved setting up a joint inter-ministry conference system to promote investment.

The joint conference system will promote rational and effective investment, beef up government-invested projects and enhance interdepartmental cooperation, the State Council said in a reply to the National Development and Reform Commission (NDRC).

The constituent ministries or commissions of the joint inter-ministerial conferences include NDRC, the ministries of Industry and Information Technology, Finance, Land and Resources, Environmental Protection, Housing and Urban-Rural Development, Transport, Water Resources, and Agriculture, the People’s Bank of China, the State-owned Assets Supervision and Administration Commission, the China Banking Regulatory Commission and the China Insurance Regulatory Commission.

The conferences will be convened by NDRC, and plenary meetings will be held once or twice a year. However, interim meetings can also be held as needed.