Core Points - The newly passed Private Economy Promotion Law will take effect on May 20, 2023, and is the first foundational law specifically addressing the development of the private economy in China [1][2] - The law aims to address concerns of private enterprises by establishing targeted institutional arrangements, including regulations on administrative law enforcement and prohibiting the abuse of power for economic interests [1][2] - The law emphasizes principles of equal treatment, fair competition, and common development throughout its chapters, which include provisions for investment financing and technological innovation [2][3] Group 1 - The law includes provisions to standardize cross-regional law enforcement behavior and establish a long-term mechanism for administrative law enforcement supervision related to enterprises [1][2] - The National Development and Reform Commission (NDRC) will support private enterprises in participating in major national projects, with a focus on breaking down barriers, expanding opportunities, and improving services [2][3] - The NDRC has initiated significant projects in sectors such as nuclear power and railways, with private capital participation in some nuclear projects reaching 20% and over 80% in industrial equipment recycling [2] Group 2 - The financial regulatory authority will optimize credit supply policies and promote innovative insurance products to facilitate investment financing for private enterprises [3] - The All-China Federation of Industry and Commerce will work on drafting an industry association law to enhance the role of chambers of commerce in providing services such as information consulting and dispute resolution [3]

Core Points - The document outlines the external investment and financing management system of Nanjing Tengya Precision Technology Co., Ltd, aiming to standardize investment behaviors, reduce risks, and enhance returns [1][2] - The system is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1][2] Investment and Financing Decision-Making - All investment and financing activities must comply with national regulations and industry policies, aligning with the company's long-term development strategy and expected returns [2] - The decision-making bodies for external investments are the shareholders' meeting or the board of directors [6] - Significant investment matters must be submitted for board approval if they meet certain thresholds, such as asset totals exceeding 10% of the latest audited total assets or profits exceeding specified amounts [7][8] Execution Control - The company must seek opinions from relevant departments when determining investment and financing plans, focusing on key indicators like cash flow and investment risks [6] - After approval, the company must clearly define the investment plan's execution details, including funding amounts and responsible personnel [6][7] - The board of directors must continuously monitor the progress and effectiveness of major investments [7][8] Investment Disposal - The company must strengthen control over the disposal of investment assets, ensuring compliance with established monetary limits and obtaining necessary approvals [8] - Upon termination of investment projects, a comprehensive review of the invested entity's assets and liabilities must be conducted [8] General Provisions - The document specifies that any matters not covered will follow national laws and regulations, as well as the company's articles of association [9] - The board of directors is responsible for interpreting and amending the investment and financing management system [9]

Core Viewpoint - The investment and financing management system of Shanghai Laiyifen Co., Ltd. aims to strengthen internal control, standardize investment behaviors, reduce risks, enhance economic benefits, and protect the company's legal rights [1]. Group 1: Investment and Financing Decisions - The investment decisions include internal investments (e.g., store expansion, logistics base construction, new product development) and external investments (e.g., acquiring future returns through monetary funds, equity, or assessed assets) [1][2]. - External investments are categorized into short-term (up to one year) and long-term (over one year) investments, with specific examples provided for each category [2]. - The company must comply with national laws and regulations, as well as its own articles of association, in all investment activities [1]. Group 2: Approval Authority - Certain investment matters require board approval if they meet specific thresholds, such as asset totals exceeding 50% of the company's audited total assets or net assets exceeding 50% of the audited net assets with amounts over 50 million yuan [6]. - Other investment matters require board approval if they exceed 10% of the company's audited total assets or net assets, with minimum amounts specified [7]. - The chairman and president can approve other investment matters within the authorized scope of the board and shareholders [8]. Group 3: Project Management - The project initiation process involves identifying potential projects based on the company's development strategy and conducting preliminary investigations to compile a project proposal or feasibility report [11]. - The investment management department evaluates proposed projects, assessing risks, funding sources, and potential returns before submitting them for further approval [13]. - Approved projects must adhere to strict financial management principles, including dedicated fund usage and regular reporting [18][19]. Group 4: Short-term Investments - The company can engage in low-risk short-term investments, such as money market funds and government bonds, while avoiding high-risk securities [21]. - The finance center is responsible for preparing short-term investment plans based on market research and the company's cash flow situation [22]. Group 5: Major Asset Restructuring - Major asset restructuring involves significant changes to the company's main business, assets, or income through asset transactions outside of regular operations [24]. - The decision-making process for major asset restructuring includes preliminary research, feasibility analysis, and board approval [24][20]. Group 6: External Financing - External financing can be achieved through equity financing (issuing stocks) or debt financing (borrowing funds) [21]. - The finance center initiates borrowing requests based on the company's operational needs, which must then be approved according to established procedures [21]. Group 7: Compliance and Oversight - The company must fulfill information disclosure obligations in accordance with relevant laws and regulations during investment activities [29]. - The internal control department has the authority to supervise and audit investment activities to ensure compliance with established procedures [30].

南方财经全媒体记者郑玮广州报道 5月20日，民营经济促进法正式施行。这是全国首部专门聚焦民营经济发展的基础性法律，最终选 在"520"这天施行，颇有几分浪漫意味。在近年陆续出台一系列支持民营经济发展的政策法规之后，这 是对民营企业的再次表态，或也可视为一次"示爱"。 从法律意义上看，民营经济促进法完成多个"第一次"：第一次将坚持"两个毫不动摇"写入法律，第一次 明确民营经济的法律地位，也第一次在法律中规定"促进民营经济持续、健康、高质量发展，是国家长 期坚持的重大方针政策"。 在此基础上，回应近年民营企业在公平竞争等领域的集中诉求，民营经济促进法进一步在条文中明确， 包括民营经济组织在内的各类经济组织可以依法平等进入市场准入负面清单以外的领域，并设置"禁止 利用行政或者刑事手段违法干预经济纠纷"等多项禁止性规范。 对此，多位广东民营企业家表示，此次民营经济促进法的出台意味着对民营经济的支持从政策层面 的"精准施策"上升为制度层面的"刚性保障"，比如规定民营经济组织与其他各类经济组织享有平等的法 律地位、市场机会和发展权利，将进一步增强民营企业的投资信心和发展信心，并有利于在当前不确定 性高企的国际经济环境下更 ...

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]

本报记者 杜雨萌 毛艺融 5月20日，《中华人民共和国民营经济促进法》正式施行。 作为我国第一部专门关于民营经济发展的基础性法律，民营经济促进法创下了很多个"第一次"，如第一次明确民营经济的 法律地位，第一次在法律中规定"促进民营经济持续、健康、高质量发展，是国家长期坚持的重大方针政策"等。 "当前，在外部环境日趋复杂的背景下，相信这部法律的出台，对于增强民营企业投资信心、稳定市场情绪、推动民营经 济的发展，一定会起到非常积极的作用。"新希望集团董事长刘永好在接受《证券日报》记者采访时表示。 记者在采访中发现，民营经济促进法聚焦民营企业生存发展的现实情况，回应民营企业家的核心诉求，尤其像科技创新、 投资融资促进这些"命脉级"内容，为民营企业吃下发展"定心丸"，大大提振了民营企业家的信心。 支持民企参与 3万亿元优质项目 推动解决民营企业融资难、融资贵问题，是民营经济促进法关注的重点领域之一。 在上海金融与发展实验室首席专家、主任曾刚看来，尽管近年来民营企业的融资难题有所缓解，但受金融机构风险偏好较 低，以及民营企业自身发展不平衡，经营管理不规范、财务透明度低等诸多因素影响，民营企业融资难、融资贵问题依然存 在 ...

法律框架和主要内容 ha 这部法律共9章78条 管 围绕公平竞争、投资融资促进、科技创新、规范 务保障、权益保护等方面建立完善相关制度机制 ga 游 里程碑意义 THE ●第一部专门关于民营经济发展的基础性法律 遊 ●第一次将坚持"两个毫不动摇"写入法律 ●第一次明确民营经济的法律地位 交 ●第一次在法律中规定"促进民营经济持续、健[ 量发展,是国家长期坚持的重大方针政策" ●社会主义市场经济建设的标志性事件 社会影响 进一步稳定预期 民营经济促进法以法治的稳定性增强发展 性,是民营企业安心谋发展的"定心丸" 进一步坚定信心 十九十四日十二日 00人 4六十十日六 市 场 民营经济促进法积极回应民营企业关切,如 与市场竞争、平等使用生产要素、同等受到法律保 面作出针对性制度安排 进一步促进高质量发展 民营经济促进法立足当前、着眼长远,为民营 质量发展提供坚强法治保障 落实法律要求 回应社会关切 破除准入壁垒 ● 联合有关部门发布新版市场准入负 开展市场准入壁垒清理整治行动,积极推动 业公平参与招标投标 拓展发展空间 ● 支持民营企业积极参与"两重"建设和' 作，大力支持民营企业在新兴产业、未来产业投 优化服务 ...

Core Points - The newly passed Private Economy Promotion Law will take effect on May 20, 2023, and is the first foundational law specifically addressing the development of the private economy in China [1][2] - The law aims to respond to the concerns of private enterprises and includes targeted institutional arrangements, such as prohibiting the abuse of power in cross-regional law enforcement [1][2] Group 1: Legislative Intent and Implementation - The law emphasizes the need to address significant issues like illegal cross-regional law enforcement and unlawful interference in economic disputes, establishing clear prohibitions [2] - The Ministry of Justice plans to enhance the legal framework and mechanisms to ensure the law's effective implementation, including the establishment of long-term supervision mechanisms for administrative law enforcement related to enterprises [2] Group 2: Market Access and Fair Competition - The law promotes principles of equal treatment, fair competition, and equal protection for private enterprises, which are reflected throughout various chapters of the law [2] - The National Development and Reform Commission (NDRC) will focus on breaking down barriers, expanding opportunities, and improving services to support the implementation of the law [2] Group 3: Investment and Financing Support - The NDRC is facilitating private enterprise participation in major national projects, with private capital already accounting for 20% in some nuclear power projects and over 80% in industrial equipment recycling [3] - Financial regulatory authorities will optimize credit supply policies and create mechanisms for information sharing to enhance investment and financing support for private enterprises [3] Group 4: Industry Association Development - The All-China Federation of Industry and Commerce will work with legislative bodies to expedite the development of industry association laws, enhancing the role of associations in providing services and support to enterprises [4]

5月8日，国新办举行新闻发布会，会上，全国人大常委会法工委副主任王瑞贺、国家发展改革委副主任郑 备、司法部副部长王振江、金融监督管理总局副局长丛林、全国工商联副主席方光华，介绍将于今年5月20 日正式施行的《中华人民共和国民营经济促进法》的有关情况。 来看会上关键表述： 1、 还有一批配套制度机制正在加快推进，涉及投资融资促进、科技创新、服务保障、权益保护 等方面。同时，不少地方结合本地实际，也在积极完善相关配套。 把党和国家关于民营经济发展的基本方针政策和实践中的一些有效做法用法律形式确立下来，将支持和保障民 营经济发展的法律纳入中国特色社会主义法律体系。"从法治意义上讲，这是有创新意义的。"王瑞贺指出，制 定民营经济促进法充分表明，党和国家对民营经济发展的基本方针政策不会变，也不能变，必将推动支持民营 经济高质量发展的法律制度更加健全完备、保障体系更加有力有效。 民营经济促进法共9章78条，围绕公平竞争、投资融资促进、科技创新、规范经营、服务保障、权益保护等方 面建立完善相关制度机制。从内容看，该法律许多条文具有很强的针对性，如治理"背靠背"条款、规范行政执 法等方面的规定等。 据王振江介绍，民营经济促进 ...

来看会上关键表述： 5月8日，国新办举行新闻发布会。会上，全国人大常委会法工委副主任王瑞贺、国家发展改革委副主任郑备、司法部副部长王振江、金融监督管理总局副 局长丛林、全国工商联副主席方光华，介绍将于今年5月20日正式施行的《中华人民共和国民营经济促进法》的有关情况。 更多配套制度机制正在加快推进。 1.还有一批配套制度机制正在加快推进，涉及投资融资促进、科技创新、服务保障、权益保护等方面。同时，不少地方结合本地实际，也在积极完善相关 配套。 2.今年1—4月，民营企业中标率同比提高5个百分点，1亿元以下的项目，民营企业中标项目数量占比超过80%。 3.国家发展改革委正在加快完善民营企业参与国家重大项目建设长效机制。 4.今年还将在交通运输、能源、水利、新型基础设施、城市基础设施等重点领域，推出总投资规模约3万亿元的优质项目。 5.司法部将推动建立健全行政执法违法行为投诉举报处理机制。司法行政机关建立行政执法监督企业联系点；推行行政执法监督员制度。 6.司法部将督促各地区各部门加大对行政执法违法行为查处力度，加强问题查纠整改。 基本方针政策"不会变，也不能变" 作为第一部专门关于民营经济发展的基础性法律，民营 ...