邓海清：很多人低估了《民营经济促进法》的价值，不要用“救市”的心态看法律出台

Core Viewpoint - The introduction of the Private Economy Promotion Law marks a significant shift from "policy-based inclusivity" to "legal protection" for private enterprises in China, establishing a legal framework that ensures equal judicial status for private companies [3][10]. Group 1: Legal Framework and Implications - The law is the first dedicated legislation for the development of the private economy, set to take effect on May 20, 2025, and aims to eliminate institutional barriers while focusing on the development of new productive forces [1][10]. - The term "promotion" in the law's title signifies a judicial spirit that guides the interpretation and application of the law, ensuring that judicial authorities prioritize the development of private enterprises [1][3]. - The law establishes a legal baseline, meaning that any new policies must undergo legal scrutiny, thereby providing a "protective shield" for private entrepreneurs against unfair treatment [3][8]. Group 2: Optimizing Business Environment - The law aims to break down invisible barriers to market entry, addressing issues of selective enforcement and subjective judgment by local authorities, thus promoting fair competition [4][8]. - It seeks to alleviate financing challenges faced by private enterprises by clarifying rules for non-traditional asset-backed financing, which will create a more equitable financing environment [4][5]. - The law supports the development of new productive forces, particularly in technology, by protecting intellectual property and establishing clear financing rules for tech enterprises, fostering long-term confidence in innovation [4][6]. Group 3: Sector Focus - The financial and technology sectors are highlighted as critical areas of concern, as private enterprises face significant challenges related to unequal financing conditions and the need for transformation [5][6]. - The law aims to create a favorable environment for tech-driven private enterprises, which traditionally rely on physical assets for financing but now need to pivot towards intellectual property as collateral [6][7]. Group 4: Response to External Challenges - The law is positioned as part of China's "institutional openness," enhancing the country's attractiveness to international capital amidst global trade tensions [7][10]. - It sends a strong signal to foreign investors by solidifying the protection of private enterprises within a long-term legal framework, thereby increasing confidence in China's regulatory environment [7][10]. Group 5: Addressing Uncertainty - The law aims to reduce uncertainties faced by private enterprises by integrating its principles into existing systems, thereby eliminating discriminatory clauses and double standards [8][9]. - It enhances the legal standing of private enterprises, allowing them to challenge administrative actions more effectively, thus shifting the balance of power in their favor [8][9].