Group 1 - The introduction of the Private Economy Promotion Law reflects the central government's high regard for the development of the private economy, instilling great confidence in private enterprises [1] - The law, effective from May 20, 2025, is the first foundational legislation specifically aimed at the development of the private economy in China, marking a significant milestone [1] - The law addresses key issues in the development of the private economy, including fair competition, technological innovation, investment and financing support, operational regulation, service guarantees, and rights protection [1][2] Group 2 - The Private Economy Promotion Law provides systematic legal support for the development of private enterprises, acting as a solid fortress to safeguard their growth [2] - The law enhances the legal responsibilities for violations, increasing the rigidity and authority of the system, which allows private entrepreneurs to plan their development with greater peace of mind [2][3] - Specific provisions in the law encourage private economic organizations to invest in strategic emerging industries and to expand international cooperation, guiding them towards innovation and market expansion [3]
传化集团董事长徐冠巨谈民营经济促进法:有利于更好稳定民营企业家发展预期