The General Office of the People's Government of Yunnan Province issued the “Implementation Plan to Regulate the Construction and Operation of Stock Projects for Government and Social Capital Cooperation”. Among them, it was mentioned to support the transformation of project specifications into government investment projects. PPP stock projects that really need to be converted into direct government investment projects after full verification by all levels of government should be terminated through fair negotiations in accordance with the law. The assets formed must be audited, inventoried and evaluated. In principle, the prices paid by the government to social capital are limited to reasonable construction costs, and project construction profits, various subsidies, and return rates are adjusted accordingly, and no fixed returns or profits of any kind can be arranged. The payment price is included in the medium-term financial plan and paid in instalments. The required funds are guaranteed on an annual basis through local government special bonds, special funds from various industry authorities, and local financial budgets, etc., and exploration of new legally compliant funding paths is encouraged. The social capital side shall cooperate in carrying out audits, handover, etc. State-owned enterprises, as social capital parties, must effectively fulfill their social responsibilities and support the smooth transformation of projects in accordance with the principles of equality and mutual benefit, and reasonable concessions through negotiations with the government. The government must strictly control project transformation, resolutely put an end to the simple transformation of low-income projects into government investment projects, formulate handover plans and emergency plans in advance to ensure uninterrupted supply and quality of public services, and effectively prevent and mitigate all kinds of risks.

The General Office of the People's Government of Yunnan Province issued the “Implementation Plan to Regulate the Construction and Operation of Stock Projects for Government and Social Capital Cooperation”. Among them, it was mentioned to support the transformation of project specifications into government investment projects. PPP stock projects that really need to be converted into direct government investment projects after full verification by all levels of government should be terminated through fair negotiations in accordance with the law. The assets formed must be audited, inventoried and evaluated. In principle, the prices paid by the government to social capital are limited to reasonable construction costs, and project construction profits, various subsidies, and return rates are adjusted accordingly, and no fixed returns or profits of any kind can be arranged. The payment price is included in the medium-term financial plan and paid in instalments. The required funds are guaranteed on an annual basis through local government special bonds, special funds from various industry authorities, and local financial budgets, etc., and exploration of new legally compliant funding paths is encouraged. The social capital side shall cooperate in carrying out audits, handover, etc. State-owned enterprises, as social capital parties, must effectively fulfill their social responsibilities and support the smooth transformation of projects in accordance with the principles of equality and mutual benefit, and reasonable concessions through negotiations with the government. The government must strictly control project transformation, resolutely put an end to the simple transformation of low-income projects into government investment projects, formulate handover plans and emergency plans in advance to ensure uninterrupted supply and quality of public services, and effectively prevent and mitigate all kinds of risks.