Xinhua Perspective | Focus on the Opinion of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of Private Economy | Confidence | Economic Development | Xinhua

The Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy were recently released. Regarding the significant significance and important deployment of the opinions, Xinhua Vision reporters interviewed relevant department heads, authoritative experts, and private entrepreneurs.

Private economy is the new force to promote Chinese path to modernization

The opinion points out that the private economy is a new force to promote Chinese path to modernization, an important foundation for high-quality development, and an important force to promote China's building into a socialist modernization power in an all-round way and achieve the second century goal.

Li Chunlin, Deputy Director of the National Development and Reform Commission, said that for a long time, the private economy has played a positive role in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihoods. It has become an inherent element of China's economic system and an important force in promoting sustained and healthy economic development.

"However, over the past period of time, the development environment of the private economy has undergone some changes, and many private enterprises have encountered some difficulties and problems. Confidence in the development of the private economy has been affected to a certain extent, and there is an urgent need to improve a number of basic systems, introduce a number of effective measures, and promote a number of experience and practices to better boost confidence and promote high-quality development of the private economy." Li Chunlin said that the introduction of opinions fully reflects the high attention of the Party Central Committee to the private economy and the deep concern for private economic personnel, which will effectively promote the development and growth of the private economy.

Regarding the promotion of high-quality development of the private economy, opinions are proposed to guide private enterprises to improve their governance structure and management system, encourage continuous increase in research and development investment, enhance international competitiveness, and support private enterprises to participate in major national strategies.

"The opinions have a clear and in-depth understanding of the challenges and opportunities faced by the private economy, and the measures introduced are highly targeted, stabilizing everyone's expectations for achieving high-quality development." Tencent's Chairman and CEO, Ma Huateng, said that we must firmly believe in moving forward, practice our "internal skills" and work hard, focus on strengthening technological innovation, firmly promote "digital and real integration", and assist small and medium-sized enterprises in digital transformation, demonstrating greater achievements in promoting growth, innovation, employment creation, and international competition.

Continuously optimizing the development environment of private economy

Suggestions are proposed to build a high-level socialist market economy system, continuously optimize a stable, fair, transparent and predictable development environment, and fully stimulate the vitality of the private economy.

"The stability and continuity of policies have a significant impact on long-term investment and innovation of enterprises." Tian Xuan, Vice Dean of the School of Finance at Wudaokou, Tsinghua University, believes that under the guidance of opinions, market thinking should be more and better integrated into the reform process. By establishing a sound procedural and market-oriented policy execution system, all parties in the market should return to their positions and responsibilities as soon as possible, allowing business entities to fully compete and unleash vitality.

Clear opinions, continuous elimination of market access barriers, comprehensive implementation of fair competition policies and systems, improvement of social credit incentive and constraint mechanisms, and market-oriented restructuring mechanisms.

"Continuously optimizing the development environment of the private economy provides guarantees for the virtuous cycle and development of private enterprises." said Gao Jifan, Chairman of Tianhe Solar Energy Co., Ltd. The opinion proposes that continuously breaking down market access barriers will help create a fair and just competition mechanism, allowing private enterprises to engage in fair competition based on their own strength and innovation ability, and fundamentally improve the innovation drive of the whole society.

Increase policy support for the private economy

Propose opinions, accurately formulate and implement various support policies, improve policy implementation methods, strengthen policy coordination, timely respond to concerns and interest demands, and effectively solve practical difficulties.

Li Zhaoqian, President of the China Association for the Study of Private Economy, said that the opinions have clarified policy measures to strongly support the development of private enterprises, optimize policy implementation methods, ensure that policies are implemented at the grassroots level and benefit enterprises, in order to better leverage the advantages of the private economy and promote its development and growth.

Clear opinions, improve financing support policies and systems, improve the normalization of prevention and clearance mechanisms for outstanding debts, strengthen the protection of talent and employment needs, improve the direct and fast sharing mechanism for support policies, strengthen policy communication and expected guidance, and set reasonable transition periods based on actual conditions.

Li Zhaoqian analyzed that financing should be given top priority in supporting policies, and the prevention and clearance of debt issues should be listed separately. Policies such as direct access and "enjoy without application" should be included in the document. At the same time, policy communication and expected guidance should be strengthened to enhance the stability and predictability of regulatory systems and policies. These targeted measures will greatly stabilize market expectations, expand policy implementation coverage, and enhance the sense of gain for enterprises.

Establish a sound legal environment for equal protection of all types of ownership economies

The rule of law is the best business environment. Opinions are proposed to strengthen the legal guarantee for the development of private economy, improve the legal environment for equal protection of all types of ownership economy, and create a good and stable expectation for the development of private economy.

Prevent and correct the use of administrative or criminal means to intervene in economic disputes; Further standardize mandatory measures related to property rights, avoid exceeding authority, scope, amount, and time limit to seal, seize, and freeze assets... Opinions have made clear requirements for protecting the property rights of private enterprises and entrepreneurs in accordance with the law.

Ouyang Hui, Deputy Director of the Market and Price Research Institute of the China Academy of Macroeconomics, said that these property rights protection legal measures with fairness as the core principle can effectively ensure equal rules, rights, and opportunities for private enterprises, and create more sense of security for private entrepreneurs to focus on their careers.

The opinions also put forward relevant measures to improve the regulatory and law enforcement system and the long-term supervision mechanism for enterprise related fees, clarifying the need to improve regulatory fairness, standardization, and simplicity, and to facilitate channels for complaints and reports of illegal fees by enterprises.

Ouyang Hui analyzed that these measures will solidly promote the rule of law in administration, and promote the high-quality development of the private economy through the construction of a rule of law government with legal responsibilities, strict law enforcement, openness, fairness, intelligence, efficiency, and integrity.

Jiang Haoran, Chairman of Hengyin Financial Technology Co., Ltd., stated that protecting the property rights of private enterprises and the rights and interests of entrepreneurs equally in accordance with the law will have a positive effect on motivating private economic personnel to invest with confidence, operate with peace of mind, and develop with dedication, which is conducive to boosting market expectations and confidence.

Continuously creating a social atmosphere that cares about promoting the development and growth of the private economy

Opinions are proposed to guide the whole society to objectively, correctly, and comprehensively understand the private economy and its personnel, cultivate a public opinion environment that respects innovation and entrepreneurship in the private economy, and support private enterprises to better fulfill their social responsibilities.

"The high-quality development of the private economy cannot be achieved without a strong and energetic social atmosphere." Ouyang Hui said that we should guide society to correctly understand the significant contributions and important roles of private enterprises, create a public opinion environment and era atmosphere that encourages innovation and tolerates failure, and encourage the private economy to create new advantages, expand new spaces, and open up new tracks.

The opinion also points out that promoting the healthy growth of private economy personnel, cultivating and promoting entrepreneurial spirit, and strengthening the construction of the representative team of private economy.

In Li Zhaoqian's view, strengthening the hierarchical training of private economic personnel and establishing a sound system for mentoring and mentoring the younger generation of private economic personnel will cultivate new vitality for the development of the private economy and stimulate new development momentum.