Core Viewpoint - The newly passed "Jiangsu Province Private Economy Promotion Regulations" aims to enhance the business environment and support the development of the private economy, which is crucial for the province's economic transformation and growth [1]. Group 1: Legislative Impact - The regulations are seen as a "reassurance" for over 14 million private economic entities in Jiangsu, contributing nearly 60% of the province's GDP, over 60% of tax revenue, and more than 80% of new job positions [1]. - The legislation addresses issues faced by private enterprises, such as market access barriers and unfair competition, by providing comprehensive institutional arrangements for fair competition, resource support, innovation development, and rights protection [1]. Group 2: Fair Competition - The regulations emphasize "three equalities": equal rights, equal opportunities, and equal rules, with specific measures to eliminate disguised market entry barriers [2]. - Private capital is allowed to hold controlling stakes in all sectors except those specifically mandated for state-owned capital, promoting equal access for private enterprises in infrastructure and public services [2]. Group 3: Policy Implementation - The regulations introduce a high-frequency policy "immediate enjoyment" approach, utilizing the "One Enterprise One Service" platform for precise policy delivery, shifting the responsibility from enterprises seeking policies to policies seeking enterprises [2]. - This "precise drip irrigation" service model aims to reduce institutional transaction costs for businesses and reflects a shift in government service philosophy from management to user-oriented thinking [2]. Group 4: Legal Framework - The regulations aim to create a secure business environment by addressing issues like opportunistic law enforcement and payment defaults, establishing mechanisms for supervising payment of accounts [3]. - The legislation is a concrete action to implement the Private Economy Promotion Law and reflects Jiangsu's commitment as a major economic province [3]. - The successful implementation of these regulations is expected to invigorate the private economy, contributing to high-quality development in Jiangsu [3].
为民营经济“撑直腰”“打足气”
Xin Hua Ri Bao·2026-02-08 21:59