Core Points - The "Private Economy Promotion Law" is a landmark legislation aimed at supporting the development of the private economy in China, effective from May 20 [1][3] - This law establishes the legal status of the private economy and emphasizes the importance of promoting its sustainable and high-quality development as a long-term national policy [3][5] Group 1: Legal Framework and Principles - The law incorporates the principle of "fair competition" as a separate chapter, addressing key concerns of private enterprises [6][5] - It introduces a nationwide negative list system for market access, clarifying which industries are prohibited or require government approval for investment [9][8] - The number of items on the market access negative list has been reduced from 151 in 2018 to 106 in the latest version [10] Group 2: Support for Innovation and Financing - The law encourages private enterprises to participate in technological innovation and supports them in leading major national technology projects [14][15] - It allows for a broader range of collateral options for loans, including accounts receivable, warehouse receipts, equity, intellectual property, and patents, which is a significant change from previous regulations [17][15] - The law includes provisions to protect the rights and interests of private enterprises, addressing issues such as debt collection and fair law enforcement [18][12] Group 3: Impact on Private Enterprises - As of January 2025, there are 42,000 high-tech private enterprises, highlighting their role in China's technological development [14] - The law aims to alleviate financing difficulties for small and micro enterprises, providing a more supportive environment for their growth [17][15] - The increase in the bidding success rate for private enterprises, which rose by 5 percentage points in early 2025, indicates a positive trend in their market participation [12]
为创新型企业鼓足干劲 解读民营经济促进法突破、创新、支撑作用
Yang Shi Wang·2025-05-20 05:39