发布会上，全国人大常委会法工委介绍，民营经济促进法将于今年5月20日起正式施行，这部法律既是促进法也是保障法，依法保障民营 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。 央视网消息：国务院新闻办公室8日举行新闻发布会，司法部、全国人大常委会法工委、国家发展改革委、国家金融监管总局、全国工商 联介绍民营经济促进法有关情况。 民营经济促进法既是促进法也是保障法 国家发展改革委：一批配套制度机制已出台 国家发展改革委表示，新版市场准入负面清单、保障中小企业账款支付条例等一批配套制度机制已经出台。今年1—4月，民营企业中标率 同比提高5个百分点，一亿元以下的项目，民营企业中标项目数量占比超过80%。 建立健全行政执法违法行为投诉举报机制 为全面贯彻落实民营经济促进法，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，推行行政执法监督员制度，牵头扎实开展 规范涉企行政执法专项行动。 两部门出台支持科技创新担保计划 国家金融监督管理总局与财政部门联合出台了支持科技创新担保计划，为科技型、高新技术、专精特新等中小企业的贷款提供专项担保。 到今年一季度末，全国高新技术企业贷款余额17.7万亿元，同比 ...

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]

据王振江介绍，下一步，司法部将按照党中央、国务院决策部署，落实民营经济促进法有关要求，持续 规范行政执法行为，着重抓好以下几方面工作：一是落实法律要求，加快法律配套制度机制建设。二是 牵头扎实开展规范涉企行政执法专项行动。三是加快研究制定行政执法监督条例，建立完善涉企行政执 法监督长效机制。 5月8日，司法部副部长王振江在国新办举行的新闻发布会上表示，《中华人民共和国民营经济促进法》 （以下简称"民营经济促进法"）作为第一部专门关于民营经济发展的基础性法律，其制定出台是社会主 义市场经济建设的标志性事件，在我国民营经济发展历程中具有里程碑意义。 "法律的生命力在于实施。"郑备表示，国家发展改革委将积极履行统筹协调职能，会同各部门、各地方 扎实推动法律实施，重点抓好配套建设。在立法过程中，按照党中央、国务院部署，国家发展改革委会 同有关部门提前谋划、同步开展相关制度的"立改废释"。一批配套制度机制已经出台，如新版市场准入 负面清单、保障中小企业账款支付条例、公平竞争审查条例及其实施办法、健全社会信用体系的意见、 涉企收费长效监管机制等。还有一批正在加快推进，涉及投资融资促进、科技创新、服务保障、权益保 护等方面 ...

Core Viewpoint - The "Private Economy Promotion Law" will officially implement on May 20, marking the first foundational law specifically for the development of the private economy in China, establishing a solid legal foundation for its growth [1][2]. Group 1: Importance of Private Economy - The private economy plays a crucial role in China's modernization, contributing over 50% of tax revenue, 60% of GDP, 70% of technological innovations, 80% of urban employment, and 90% of the number of enterprises [1]. - The law addresses long-standing challenges faced by the private economy, such as market access barriers, financing difficulties, and inadequate property rights protection, which have hindered its growth [1]. Group 2: Legal Protections and Support - The law emphasizes fair competition, creating a just market environment for private enterprises through a unified negative list for market access and the implementation of fair competition review systems [1][2]. - It strengthens property rights protection, allowing private entrepreneurs to operate and invest with confidence, and includes punitive compensation for intellectual property infringements [2]. - The law supports private enterprises in technological innovation by allowing them to participate in national technology projects and access major research facilities, promoting deep integration of industry, academia, and research [2]. Group 3: Implementation and Future Outlook - Effective implementation of the law requires collaborative efforts from various parties, including government departments, judicial bodies, and private enterprises themselves [3]. - The law represents a significant milestone in legal construction and a new starting point for the private economy, providing a robust legal backing for enterprises to develop with confidence [3].

支持民营经济发展，力度空前。 5月20日，《中华人民共和国民营经济促进法》将正式实施。从2023年12月首次提出立法至最终颁布实施，仅用了不到1年半的时间，速度之快在我国立法 史上罕见。 5月8日，国新办举行新闻发布会，介绍民营经济促进法有关情况，信息量很大。 北京师范大学法学院博士生导师吴沈括向三里河表示，"多个第一"体现了国家以法治思维破解民营经济发展难题的决心，是巩固改革成果、稳定市场预期 的关键举措。 吴沈括认为，民营经济促进法从阶段性政策支持转向长效法治保障，解决了长期存在的政策与法律衔接不足的问题，给民营企业吃下"定心丸"，有利于稳 定民营企业发展预期，为优化营商环境、激发内生动力提供了制度保障。 积极回应民企关切。 长久以来，受内外多重因素交织影响，民营经济在公平参与市场竞争、平等使用生产要素、获取投融资支持和服务保障以及合法权益保护等方面，面临一 些困难和挑战。 此次发布会上，国家发展改革委相关负责人表示，民营经济促进法积极回应民营企业关切，作出针对性制度安排。 创下多个"第一次"。 民营经济促进法作为第一部专门关于民营经济发展的基础性法律，是社会主义市场经济建设的标志性事件，在我国民营经济发 ...

Group 1 - The "Private Economy Promotion Law" will take effect on May 20, 2025, and is the first foundational law specifically targeting the development of the private economy in China [1] - The law consists of 9 chapters and 78 articles, focusing on fair competition, investment and financing promotion, technological innovation, standardized operations, service guarantees, and rights protection, aiming to optimize the development environment for the private economy [1][4] - The law emphasizes the principle of equality, with 26 mentions of terms like "equality," "fairness," and "equal treatment," reflecting its commitment to promoting the private economy throughout all processes and aspects [2] Group 2 - The law establishes a nationwide unified negative list for market access and enforces a fair competition review system, ensuring that market entities can operate under a "non-prohibited, just allowed" principle [3] - It guarantees that private economic organizations can equally use production factors such as capital, technology, human resources, data, and land, ensuring equal treatment [3] - The law protects the personal rights, property rights, and operational autonomy of private economic organizations and their operators, prohibiting any infringement [3] Group 3 - A series of supporting policies have been introduced, including a new market access negative list, regulations on payment to small and medium-sized enterprises, and measures for fair competition review [4] - The National Development and Reform Commission (NDRC) will focus on five key areas: removing barriers to market access, addressing payment arrears, legally protecting legitimate rights, implementing relief policies, and enhancing communication between government and enterprises [4] - The law introduces several "firsts," such as incorporating the principle of "two unwavering" into legislation and clearly defining the legal status of the private economy [4]

Core Viewpoint - The overall market is experiencing an upward trend, with positive signals indicating potential growth in company earnings and stock prices [1][12]. Market Performance - The market has shown an increase across large, medium, and small-cap stocks [2]. - Growth style stocks exhibit slightly higher elasticity during upward phases compared to value style stocks [3]. - Hong Kong stocks are also continuing to rise [4]. Economic Indicators - The Federal Reserve announced to maintain interest rates unchanged [5]. - Trump's tariff policy may lead to a slowdown in dollar inflation, potentially affecting the pace of future interest rate cuts by the Federal Reserve [6][7]. - There is a high probability of interest rate cuts this year, but the expected decrease is smaller than last year's market predictions [8]. Positive Signals - Recent meetings highlighted the "Private Economy Promotion Law," which encourages the development of the private economy [10]. - An increase in favorable signals is noted, which is characteristic of market bottoms, making it easier to observe positive news [11]. Investment Opportunities - The article discusses various types of funds suitable for retirement, including: 1. **Pension Fund Y Shares**: Designed for personal pension accounts with tax deferral benefits, suitable for high-income individuals and those not yet retired [14][15][16][18]. 2. **Dividend Index Funds**: These funds offer high dividend yields and can provide regular income through dividends, which are linked to the earnings growth of constituent companies [26][28][30]. 3. **Regular Cash Flow Combinations**: Such as "Monthly Salary Treasure," which offers more frequent and stable cash flow compared to dividend index funds [39][40]. Fund Performance Data - The article provides detailed performance metrics for various dividend indices, including earnings yield, P/E ratio, P/B ratio, and dividend yield for indices like the Shanghai Dividend Index and the CSI Dividend Index [33][34][35]. Future Trends - The article mentions the potential for REITs (Real Estate Investment Trusts) to develop in the future, which could provide high dividend yields and stable cash flows [45][46][49]. - There is a trend towards index-based insurance products that could emerge in the domestic market, catering to investors looking for both growth and capital protection [50][52][56].

Core Viewpoint - The article discusses the introduction of the Private Economy Promotion Law, which will take effect on May 20, 2025, aimed at fostering the development of the private economy in China through various supportive measures and legal frameworks [1][3]. Group 1: Legislative Framework - The Private Economy Promotion Law emphasizes principles of equal treatment, fair competition, equal protection, and common development for private enterprises [8]. - The law mandates the State Development and Reform Commission (SDRC) to coordinate and promote the implementation of supportive measures across various sectors [3][5]. Group 2: Supporting Mechanisms - A series of supporting institutional mechanisms have been introduced, including a new negative list for market access, regulations for ensuring payment to small and medium enterprises, and measures for fair competition [5][6]. - The SDRC is actively working on additional mechanisms related to investment financing, technological innovation, service guarantees, and rights protection [5][6]. Group 3: Implementation Strategies - The SDRC will focus on five key areas to ensure effective implementation: removing barriers to market access, addressing payment delays to private enterprises, protecting legal rights, implementing relief policies, and enhancing communication between government and enterprises [6]. - The SDRC plans to promote legal awareness and understanding among private enterprises to help them utilize the law effectively [6]. Group 4: Investment Opportunities - The SDRC is facilitating private enterprise participation in major national projects, with a total investment scale of approximately 3 trillion yuan planned for quality projects in sectors like transportation, energy, and urban infrastructure [9][10]. - The SDRC supports private enterprises in emerging and future industries, encouraging participation in national technological initiatives and the use of major research facilities [9][10].

Core Viewpoint - The introduction of the "Private Economy Promotion Law" marks a significant milestone in the development of the private economy in China, establishing a legal framework to support and protect private enterprises, ensuring fair competition and promoting high-quality development [5][6]. Group 1: Legislative Framework - The "Private Economy Promotion Law" consists of 9 chapters and 78 articles, focusing on fair competition, investment financing, technological innovation, operational regulation, service guarantees, and rights protection [5]. - This law is the first to explicitly state the legal status of the private economy and emphasizes the long-term commitment of the state to support its development [6]. Group 2: Implementation and Support Mechanisms - Various supporting systems are being accelerated, including investment financing promotion, technological innovation, service guarantees, and rights protection [2][9]. - The National Development and Reform Commission is working on a long-term mechanism for private enterprises to participate in major national projects, with an investment scale of approximately 3 trillion yuan in key areas such as transportation, energy, and urban infrastructure [4][10]. Group 3: Administrative Oversight - The Ministry of Justice is establishing a mechanism for handling complaints about administrative law violations, aiming to address issues such as arbitrary fees and inspections [4][8]. - The law includes provisions to regulate administrative enforcement behaviors, ensuring that enterprises can report violations effectively [7][8]. Group 4: Financial Support for Private Enterprises - Over the past five years, the average growth rate of loans to private enterprises has been 1.1 percentage points higher than that of other loans, with a loan balance of 76.07 trillion yuan as of Q1 2025, reflecting a year-on-year growth of 7.41% [12][13]. - The financial regulatory authority is focusing on targeted financial services for key sectors and is promoting innovative financing methods to support technology-driven enterprises [13][14]. Group 5: Future Directions - The government is committed to further enhancing the legal and institutional framework to support the private economy, with ongoing efforts to refine policies and regulations [9][11]. - The focus will also be on improving the business environment for private enterprises, ensuring their rights and interests are protected during the implementation of the law [11].

Core Viewpoint - The introduction of the "Private Economy Promotion Law" marks a significant milestone in the development of the private economy in China, establishing a legal framework to support and protect private enterprises, ensuring fair competition and promoting high-quality development [9]. Group 1: Legislative Framework - The "Private Economy Promotion Law" consists of 9 chapters and 78 articles, focusing on fair competition, investment financing, technological innovation, operational regulation, service guarantees, and rights protection [9]. - The law explicitly states the legal status of the private economy and emphasizes the long-term commitment of the state to support its sustainable and healthy development [9][11]. Group 2: Implementation and Support Mechanisms - A series of supporting systems are being accelerated, covering investment financing, technological innovation, service guarantees, and rights protection [2][15]. - The National Development and Reform Commission is working on a long-term mechanism for private enterprises to participate in major national projects, with a total investment of approximately 3 trillion yuan planned for key sectors such as transportation, energy, and infrastructure [5][16]. Group 3: Administrative Oversight - The Ministry of Justice is establishing a mechanism for handling complaints about illegal administrative enforcement, aiming to enhance supervision and accountability in administrative actions [6][11]. - The Ministry will also promote the establishment of administrative enforcement supervision points to gather feedback from businesses regarding enforcement practices [10][12]. Group 4: Financial Support for Private Enterprises - Over the past five years, the average growth rate of loans to private enterprises has exceeded that of other loans by 1.1 percentage points, with a loan balance of 76.07 trillion yuan as of Q1 2025 [18][19]. - The financial regulatory authority is focusing on targeted financial services for key sectors and is implementing measures to support technology innovation and the transformation of technological achievements [20][23]. Group 5: Future Directions - The government is committed to further optimizing credit supply policies and enhancing the risk-sharing functions of financing guarantees to facilitate investment and financing for private enterprises [24]. - The National Development and Reform Commission and the All-China Federation of Industry and Commerce are actively working to implement the law and improve the business environment for private enterprises [17].