Venture(US:VEMLY) Nan Fang Du Shi Bao·2025-10-22 07:33Core Viewpoint - The collaboration between "effective markets" and "proactive government" is essential for fostering new productive forces in China's economy, emphasizing the need for a well-ordered, trustworthy, and creative entrepreneurial ecosystem without interfering with market vitality [1][9]. Group 1: Internationalization - The government in Huaqiangbei is facilitating internationalization by creating pathways for businesses to expand globally rather than directly taking over their roles [4]. - Huaqiangbei has transformed into a hub for international entrepreneurs and cross-border trade, enhancing its service levels and creating a friendly environment for foreign consumers [4]. - The area has achieved full multilingual signage coverage and a 95% coverage rate of foreign card POS machines, supporting seamless global transactions [4]. Group 2: Marketization - Huaqiangbei's governance focuses on reducing transaction costs and stimulating market vitality, adhering to the principle of "no disturbance unless necessary" [5]. - Digital reforms have significantly lowered institutional transaction costs, allowing businesses to focus more on research and innovation rather than bureaucratic processes [5]. - The government acts as a caretaker of the ecosystem rather than a market controller, promoting a data-driven governance model for more precise regulation and intelligent services [5]. Group 3: Legalization - The rule of law is fundamental to Huaqiangbei's market environment, ensuring strict enforcement while nurturing innovation and instilling confidence in market participants [6][7]. - The establishment of a clean business environment monitoring point and rigorous enforcement against counterfeit and illegal activities have strengthened market integrity [6]. - A comprehensive legal service platform is set to launch in 2025, providing a full range of legal support for foreign enterprises and enhancing the safety of the business environment [7]. Group 4: Governance Philosophy - The proactive government approach is characterized by supporting business growth rather than making decisions for them, fostering a symbiotic relationship between the market and government [8]. - This governance model has led to a self-regulating and evolving innovation system, where the market flows freely while the government provides stable support [8]. - The combination of effective markets and proactive government is exemplified in Huaqiangbei, showcasing that market vitality and government order can coexist and thrive together [9].