Core Points - The "Private Economy Promotion Law" is China's first foundational law specifically aimed at promoting the development of the private economy, establishing its legal status and rights, and providing a clear institutional guarantee for its healthy, sustainable, and high-quality development [1][2] Group 1: Key Highlights of the Law - The law aims to create a favorable environment for the development of the non-public economy, recognizing its critical role in innovation, employment, investment, and economic growth [2][3] - It addresses long-standing institutional barriers faced by the private economy, providing stable legal expectations and institutional guarantees through legislative means [2][3] - The law emphasizes the importance of fair competition, mandating a unified national market access negative list system to eliminate local protectionism and industry monopolies [3][4] Group 2: Investment and Financing Environment - The law introduces measures to optimize the investment and financing environment, addressing the challenges of high financing costs and difficulties faced by private enterprises [4][5] - It encourages financial institutions to develop financial products tailored to the characteristics of the private economy, supporting various forms of collateral for loans [4][5] - The law aims to alleviate the funding bottleneck for private enterprises, establishing a sustainable financial support system for their development [4][5] Group 3: Technological Innovation - The law promotes technological innovation by encouraging private enterprises to increase R&D investment and strengthen key technology breakthroughs [5][6] - It aims to create a technology innovation system that integrates enterprises, markets, and research institutions, enhancing the independent innovation capabilities of private enterprises [5][6] - The law also supports the transformation of scientific and technological achievements into productive forces within private enterprises [6][7] Group 4: Service Guarantee and Rights Protection - The law establishes a service system and legal protection mechanism to support the development of the private economy, addressing issues such as bureaucratic obstacles faced by private enterprises [6][7] - It emphasizes the need for government services to be standardized and convenient, reducing unnecessary administrative approvals and interventions [7][8] - The law aims to protect the legitimate rights and interests of private enterprises, enhancing their confidence and ensuring a stable and predictable institutional environment [7][8] Group 5: Implementation and Coordination - The successful implementation of the law relies on the cooperation of various levels of government and timely follow-up measures [8][9] - Local governments are tasked with incorporating the promotion of the private economy into their economic and social development plans, establishing coordination mechanisms [8][9] - The law calls for the establishment of a multi-channel supervision mechanism to ensure effective enforcement and accountability for violations against the private economy [9][10]

Core Viewpoint - The National People's Congress has passed the "Private Economy Promotion Law," which will take effect on May 20, 2025, marking the first foundational law specifically aimed at the development of the private economy in China [1][4]. Group 1: Legislative Developments - The law addresses the healthy and high-quality development of the private economy and reinforces the commitment to the principle of "two unwavering" [1][4]. - The law explicitly recognizes the legal status of the private economy and establishes the promotion of its sustainable, healthy, and high-quality development as a major long-term policy of the state [4]. Group 2: Economic Contributions - In 2024, the number of registered private enterprises in China reached 56.504 million, accounting for 92.3% of the total number of enterprises, contributing over 50% to imports and exports and 80% to urban employment [3]. - The private economy is supported by a resilient and creative workforce, which is essential for its high-quality development [3]. Group 3: Policy Support and Environment - Continuous optimization of the development environment, ensuring fair competition, and protecting the rights of private enterprises and entrepreneurs are crucial for encouraging confidence and unlocking the potential of private enterprises [3][4]. - The law includes provisions on fair competition, technological innovation, service guarantees, and rights protection, which will create a more favorable environment for various forms of economic ownership to develop together [4].

国家发改委民营经济发展局副局长：将扎扎实实强化促进民营经济发展的法治保障 智通财经4月24日电，国家发展改革委民营经济发展局副局长刘民表示，国家发展改革委将会同有关部 门和地方以更大力度、更实举措，促进民营经济健康发展、高质量发展。当前，美国政府肆意滥用关税 手段，破坏国际经济秩序。置身更趋复杂严峻的外部环境，一些民营企业发展也面临一定的困难挑战。 刘民表示，这些困难和挑战是在改革发展、产业转型升级过程中出现的而不是制度性的，是局部的而不 是整体的，是暂时的而不是长期的，是能够克服的而不是无解的。"应对困难和挑战，各有关方面都在 共同努力、共同发力。"刘民介绍，下一步国家发展改革委将扎扎实实强化促进民营经济发展的法治保 障。做好民营经济促进法实施准备工作，积极参与规范涉企执法专项行动，切实依法保护民营企业和民 营企业家合法权益。同时，扎扎实实落实促进民营经济发展的政策措施。出台实施新版市场准入负面清 单，引导民营企业更好参与"两重"建设和"两新"工作，加大小微企业融资协调工作力度，加力破除依法 平等使用生产要素、公平参与市场竞争的各种障碍。强化拖欠企业账款失信惩戒，着力解决拖欠民营企 业账款问题。加强与民营企 ...