China’s PPP industry is developing through reform and standardizing through development. The National Outline of the 14th Five-Year Plan clearly regards ‘promoting PPP in a standardized and orderly manner’ as an important measure to expand investment space. High-quality development has become the main theme of PPP industry. However，due to the complex and changeable environment，the adverse effects of the epidemic still exist；some landed projects have gradually exposed problems and disputes；some new projects try to avoid supervision by detour；and PPP is omnipotent or demonized in some regions；All the above lead to higher instability of PPP projects，and even breed new risks. PPP industry still faces many new problems and challenges as it enters a new era of high-quality development. This article focuses on analyzing the new requirements of the high-quality development concept for the development of PPP industry and the new risk points of PPP industry in 2020，and proposing specific policy recommendations such as rational development，standardized development，and stable development，hoping to promote PPP industry to serve the national development better.