截至2025年9月3日，广东全省登记在册经营主体2000.19万户，占全国1/10，经营主体总量稳居全国第一。2025年前8个月，广东全 省新设经营主体212.69万户，其中新设"四新经济"企业41.46万户，占全省新设企业总量的37.92%，新质生产力持续迸发。 进入2025年，粤商也站上了新的发展方位。随着民营经济发展局设立、民营经济促进法落地，系列动作释放出的"公平竞争"信号， 为广东全省超900万户企业带来了更多信心与底气。在此推动下，粤商正加速竞逐人工智能、机器人等新赛道，踊跃投身"百千万工 程"等新战略坐标，并以更开阔视野走向全球市场，开启新一轮发展征程。 华为、比亚迪、腾讯、美的、顺丰、立讯精密、碧桂园……在最近公布的2025年《财富》世界500强排行榜上，粤商拿下18席。其 中，华为和比亚迪两家民营企业冲进榜单前100强，立讯精密则凭借373.577亿美元营收拉动排名上升65位，升幅领跑。 面对世界银行眼中"正遭遇强劲逆风"的全球经济，粤商仍然交出了亮眼成绩。这是一个以秦汉"海上丝绸之路"为起点，在清代广 州"一口通商"政策下崛起，再于改革开放时期乘风而上、高速成长的企业家群体。到现在，值此世 ...

9月24日，省市场监管局向各经营者及相关单位发布提醒告诫书，切实规范国庆中秋假期市场价格 收费和竞争行为，积极维护广大消费者合法权益。 依法合规经营。各经营者及相关单位要严格遵守相关法律法规，遵循公平合法、诚实信用原则，自 觉规范价格收费和竞争行为，积极维护市场竞争秩序。经营者应严格执行明码标价规定，详细标明商品 和服务的品名、价格、计价单位、服务内容等信息。价格变动时要及时调整，不得在标价之外加价出售 商品，不得收取任何未予标明的费用。 强化价格自律。实行政府定价、政府指导价的景区、出租车、停车场等经营者，要严格执行规定的 价费标准和优惠政策。实行市场调节价的酒店、餐饮、商超等商品和服务经营者，要自觉维护市场价格 稳定。各交易场所提供者应加强对场所（平台）内经营者的规范和引导，经营者不得利用虚假或使人误 解的价格手段，诱骗消费者或其他经营者与其进行交易。 维护公平竞争。经营者利用网络从事生产经营活动应加强自律，不得实施不正当竞争行为。要重点 防范网络直播虚假宣传、诱导消费者好评返现等行为，不得对经营者自身、商品性能功效、用户评价等 作虚假或引人误解的商业宣传。不得编造、传播虚假或引人误解的信息，损害其他经营 ...

Core Viewpoint - The newly passed "Shanghai Private Economy Promotion Regulations" aims to enhance the development environment for the private economy, ensuring equal treatment, fair competition, and support for innovation and international expansion, effective from October 20, 2025 [1][2]. Group 1: Equal Treatment and Fair Competition - The regulations emphasize the importance of fair competition for the growth of the private economy, ensuring that all economic organizations can participate equally in the market [2]. - A unified negative list for market access will be strictly implemented, allowing various economic organizations, including private ones, to enter fields outside the negative list [2]. - The regulations will standardize government procurement and bidding processes to prevent exclusionary practices against private economic organizations [2]. Group 2: Financing Solutions - The regulations aim to address financing challenges by establishing a diversified financing service system, ensuring fair credit practices among financial institutions [3]. - It promotes inclusive financial policies and the development of a multi-tiered inclusive financial institution system, enhancing government financing guarantee services [3]. - Financial institutions are required to develop financial products tailored to the characteristics of private economic organizations [3]. Group 3: Supporting International Expansion - The regulations encourage private economic organizations to engage in technological innovation and establish a tiered support system for international market expansion [4]. - In the first half of the year, private enterprises' import and export volume increased by 23.6%, accounting for nearly 40% of the city's total, marking a ten-year high [4]. - The regulations will enhance overseas service systems and streamline customs processes to facilitate private economic organizations' global market access [4]. Group 4: Rights Protection and Service Optimization - The regulations aim to solidify rights protection for enterprises by addressing issues like repeated inspections and payment delays [7]. - A mechanism for government-enterprise communication will be established to better understand and address the challenges faced by businesses [7]. - The regulations will enhance support in areas such as land and talent, and establish a credit repair system to assist enterprises [7].

Core Viewpoint - The newly passed Shanghai Private Economy Promotion Regulation aims to enhance the role of private enterprises in the local economy, emphasizing protection and encouragement for these businesses [1][2]. Group 1: Legislative Framework - The Shanghai Private Economy Promotion Regulation will take effect on October 20, 2023, and is a local legislative refinement based on the national Private Economy Promotion Law [1]. - The regulation consists of 11 chapters, which is two more than the national law, focusing on protecting private enterprises and ensuring fair competition [2]. Group 2: Key Areas of Focus - The regulation addresses six main areas: removing hidden market entry barriers, enhancing policy guidance, solving financing issues, boosting innovation capabilities, optimizing services for enterprises going global, and strengthening rights protection [2][3]. - It emphasizes the implementation of a unified negative list for market entry, ensuring equal treatment of all economic organizations [2]. Group 3: Financing and Global Expansion - The regulation aims to improve credit fairness and establish a government financing guarantee system to support private enterprises [3]. - It includes measures to enhance overseas service systems, facilitate customs processes, and optimize cross-border financial services for private enterprises [3]. Group 4: Economic Performance and Future Plans - In the first half of the year, private enterprises in Shanghai showed positive growth, with industrial output increasing by 8.8% and service sector revenue rising by 9.9% [4]. - The Shanghai Development and Reform Commission plans to implement a "6-in-1" approach to ensure the effective execution of the regulation, focusing on comprehensive policy measures and communication mechanisms [5][6].

Core Viewpoint - The recent government procurement policy changes in China signify a move towards deeper institutionalization and standardization of the procurement system, emphasizing the implementation of domestic product standards and related policies [1][4]. Group 1: Policy Implementation - The State Council meeting on September 19 highlighted the importance of establishing domestic product standards in government procurement as a key measure to improve the procurement system and ensure fair treatment for foreign enterprises [1][4]. - The Ministry of Finance plans to solicit public opinions on the draft notice regarding domestic product standards and implementation policies in government procurement by December 2024 [3]. Group 2: Market Impact - The new policies are expected to have a profound impact on the government procurement market, which exceeds 3 trillion yuan, having grown from 100.9 billion yuan in 2002 to 3.6399 trillion yuan in 2021, increasing its share of fiscal expenditure from 4.6% to 10.1% [5]. - In 2023, the national government procurement scale was reported at 3.39296 trillion yuan, indicating a slight decline in recent years [6]. Group 3: Classification and Transition - The meeting proposed a reasonable classification approach to set domestic product standards, suggesting that specific requirements for key components and processes will be established based on industry characteristics rather than a one-size-fits-all domestic production ratio [6]. - The policy emphasizes a reasonable transition period to support enterprises in preparing for industrial layout and investment plans, with different industries potentially receiving varying adjustment times [7][8]. Group 4: Fair Competition - The policy aims to ensure equal treatment for all types of enterprises, including state-owned, private, and foreign companies, as long as they meet the domestic product standards, aligning with the ongoing reforms to optimize the business environment in China [8]. - The establishment of clear domestic product standards is seen as a prerequisite for fair treatment of foreign enterprises, ensuring that all products produced within China are treated equally [8]. Group 5: International Context - The new government procurement policy reflects a significant step in China's reform and opening-up process, balancing national economic security with a commitment to expanding openness, similar to practices in developed countries like the U.S., Japan, and the EU [8]. Group 6: Future Outlook - With the implementation of these policies, the government procurement market is expected to become more standardized, transparent, and open [9].

Core Viewpoint - The article emphasizes the need for a multi-faceted approach to address "involutionary" competition, advocating for a collaborative market environment that combines an effective market with proactive government intervention [1][2][3]. Group 1: Issues in the Low Altitude Economy - The recent action by the Beijing Civil Affairs Bureau to dismantle the "China Low Altitude Economy Alliance" is seen as a significant step towards regulating the low altitude industry and addressing "involutionary" competition [1]. - The low altitude economy is identified as a strategic emerging industry that has attracted considerable capital interest, but has also been subject to exploitation by organizations misrepresenting themselves as industry associations [1]. - The article highlights that many industries, including both emerging sectors like photovoltaics and traditional sectors like coking and landscaping, have faced similar issues of excessive competition and resource waste [1]. Group 2: Root Causes of Involutionary Competition - The persistence of "involutionary" competition is linked to resource misallocation and distorted market mechanisms, where companies focus on short-term gains through price wars rather than improving product quality [2]. - Local governments that create "policy depressions" without considering local industry foundations contribute to homogenized industry layouts and resource wastage [2]. - The inadequacy of market mechanisms fosters an environment conducive to "involutionary" competition, which can stifle innovation and sustainable development in industries [2]. Group 3: Strategies for Governance - To effectively govern "involutionary" competition, a combination of strategies is necessary, focusing on creating a synergistic market environment through unified national market construction and regulatory recognition [2][3]. - Improving the business environment requires reducing costs while increasing value, encouraging businesses to shift from price wars to innovation-driven growth [3]. - The governance approach has evolved from merely preventing "involutionary" competition to implementing systematic and legal measures to regulate low-price disorderly competition [3].

Core Points - Zhengzhou Market Supervision Administration conducted an administrative interview with Ctrip Travel Network, requiring comprehensive rectification and standardized operations to maintain fair competition and protect the legitimate rights of platform operators [1][5] - The platform was found to have violated the Electronic Commerce Law and the Interim Provisions on the Prohibition of Unfair Competition by using service agreements, transaction rules, and technical means to impose unreasonable restrictions on transactions and pricing of platform operators [1][5] - A corrective notice was issued on September 4, 2025, mandating Ctrip to complete contract revisions and pricing tool optimizations within a specified timeframe [1][5] Regulatory Emphasis - Fair competition is emphasized as the core of the market economy, with internet platform companies urged to enhance legal awareness and actively cooperate with regulatory authorities [2] - Companies are required to establish a regular legal education mechanism to improve compliance capabilities among management and operational staff [2] - The importance of respecting merchants' autonomy and correcting unreasonable restrictions, such as forced service activation and inability to exit, is highlighted [2] Follow-up Actions - Zhengzhou Market Supervision Administration will continue to monitor Ctrip's rectification progress and conduct inspections to ensure compliance with responsibilities [2]

Group 1 - The Zhengzhou Market Supervision Administration conducted an administrative interview with Ctrip Travel Network on September 17, 2023, due to violations of the E-commerce Law and regulations against unfair competition [1] - Ctrip was found to impose unreasonable restrictions on transaction and pricing of platform operators through service agreements, trading rules, and technical means [1] - A corrective notice was issued to Ctrip on September 4, 2025, requiring the company to complete necessary adjustments and establish a long-term compliance mechanism [1] Group 2 - The meeting emphasized that fair competition is the core of a market economy, urging internet platform companies to enhance legal awareness and actively cooperate with regulatory authorities [2] - Companies are required to correct unreasonable restrictions, respect merchants' autonomy, and address issues such as "forced activation" and inability to exit [2] - The need to protect the legitimate rights of platform operators and prohibit the use of technical means to manipulate prices or restrict transactions was highlighted [2]

Core Viewpoint - Ctrip has been summoned for an administrative interview by the Zhengzhou Market Supervision Administration due to complaints from multiple hotels regarding the platform's interference in hotel pricing through a tool called "Price Adjustment Assistant" [1][3] Group 1: Issues Raised - Multiple hotels reported that Ctrip unilaterally modified their room prices on the platform without consent, using the "Price Adjustment Assistant" tool [2] - Hotel managers indicated that Ctrip monitors pricing on other platforms and automatically lowers prices on Ctrip if discrepancies are found, often without notifying the hotels [2] - Instances were reported where Ctrip's adjustments led to significant price reductions, affecting hotel revenues, especially during peak periods [2] Group 2: Regulatory Actions - Ctrip's actions were found to violate the Electronic Commerce Law of the People's Republic of China and related regulations, prompting the Zhengzhou Market Supervision Administration to issue a correction notice [3] - The administrative interview emphasized the need for Ctrip to revise contract terms, optimize pricing tools, and establish a long-term compliance mechanism to prevent similar issues in the future [3] - Regulatory authorities outlined three key requirements for Ctrip: enhancing legal awareness, correcting unreasonable restrictions, and ensuring the protection of merchants' pricing autonomy [3]

Core Viewpoint - The Zhengzhou Market Supervision Administration has conducted an administrative interview with Ctrip Travel Network due to violations of e-commerce laws, specifically regarding unreasonable restrictions on platform operators' transactions and pricing [3][4]. Regulatory Actions - Ctrip was found to have violated Article 35 of the E-commerce Law of the People's Republic of China and Article 24 of the Interim Provisions on the Prohibition of Unfair Competition in the Network by using service agreements and technical means to impose unreasonable restrictions on transaction prices [3][4]. - The Zhengzhou Market Supervision Administration issued a "Notice of Correction" on September 4, 2025, requiring Ctrip to rectify its practices and ensure compliance with market regulations [3][4]. Compliance Requirements - Ctrip is required to revise contract terms and optimize pricing tools within a specified timeframe, establish a long-term compliance mechanism, and enhance internal supervision to prevent similar issues in the future [4]. - The administration emphasized the importance of fair competition and urged internet platform companies to strengthen their legal awareness and actively cooperate with regulatory authorities [4]. Complaints and Investigations - Multiple hotels have complained about Ctrip's "Price Adjustment Assistant" feature, which was allegedly activated without permission, automatically scanning competitor prices and forcing price reductions [5]. - The Zhengzhou Market Supervision Administration initiated an investigation into the "Price Adjustment Assistant" in July, following complaints from hotel operators regarding forced participation in discount activities [5]. Financial Performance - In Q2 2025, Ctrip reported revenue of 14.8 billion RMB, a year-on-year increase of 16%, and a net profit of 4.8 billion RMB, up 26% from the previous year [6]. - Ctrip's financial services, including consumer loans and supply chain finance, have shown significant growth, with Ctrip Small Loan's net profit increasing by 132.58% in the first half of 2025, reaching 4.429 million RMB [6].