Core Points - The "Private Economy Promotion Law" was passed by the 15th meeting of the 14th National People's Congress Standing Committee, set to take effect on May 20, 2025, marking the first foundational law specifically for the development of the private economy in China [1] - The law aims to optimize the development environment for the private economy, ensuring fair market competition and promoting healthy development, thereby enhancing the role of the private economy in national economic and social development [1] Group 1 - The law addresses industry pain points by promoting investment and financing, and strongly supporting technological innovation, providing institutional solutions for technology-driven private enterprises [2] - It emphasizes a negative list system for market access and a fair competition review mechanism to ensure private enterprises have equal opportunities in competition [2] - The law establishes a separate chapter for "Rights Protection," addressing concerns of private economic stakeholders and providing legal guarantees for fair law enforcement and prevention of debt defaults [2]
民营经济促进法出台 全国工商联副主席、奇安信集团董事长齐向东:法治是最好的营商 环境