Core Viewpoint - The Chinese government, particularly in Tianjin, is actively promoting the development of the private economy through various supportive policies and initiatives, aiming for high-quality economic growth and increased investment opportunities [2][3]. Group 1: Policy Initiatives - The implementation of the "Private Economy Promotion Law" on May 20 is a milestone for the private sector, providing legal support and enhancing the development environment for private enterprises [2]. - Tianjin's government has held multiple conferences to emphasize the importance of private economic development and to communicate supportive policies to local businesses [3][4]. Group 2: Economic Growth Projections - The private economy in Tianjin is projected to grow by 6.5% in value added, with private investment expected to increase by 7.6% in 2024 [3]. - In the first quarter of this year, the industrial value added of large-scale private enterprises and the revenue growth of private service enterprises outpaced the overall city growth by 0.2% and 5.7% respectively [3]. Group 3: Support Measures - The Tianjin Development and Reform Commission is committed to enhancing support for private enterprises by addressing specific challenges such as financing difficulties and project delays through tailored assistance [4][5]. - The government is focused on implementing existing policies aimed at market access, resource acquisition, innovation promotion, and rights protection to maximize the benefits for private enterprises [5]. Group 4: Collaboration and Networking - There is an emphasis on strengthening communication with national ministries to secure more support for local private enterprises, particularly in sectors like artificial intelligence and aerospace [6]. - The government plans to leverage major events, such as the Summer Davos Forum, to facilitate networking and collaboration between local private enterprises and national/international investors [6][7]. Group 5: Investment Opportunities - The government aims to create open application scenarios to provide investment opportunities, focusing on technology innovation and industry upgrades [6]. - Efforts will be made to enhance the investment environment and encourage private enterprises to engage in local economic activities, thereby boosting overall investment confidence [7].

Group 1 - FedEx announced the appointment of John A. Smith as the President and CEO of FedEx Freight, with R. Brad Martin as the Chairman of the Board, effective after the completion of the spin-off expected in June 2026 [1] - The spin-off of FedEx Freight is progressing as planned, with the completion date set for June 2026 [1] Group 2 - Dingdong Maicai has initiated a strategic upgrade, restructuring its product development center into 10 independent divisions led by core executives, aiming for improved operational efficiency [2] - The Dingdong Maicai app has undergone a redesign, introducing new features such as a "Quality Love" section and AI-driven functionalities [2] Group 3 - Hyundai Motor will suspend production of electric vehicles IONIQ 5 and KONA in its Ulsan plant from May 27 to May 30, marking the third suspension this year [3] Group 4 - Shenzhou Car Rental and BYD signed a strategic cooperation agreement to promote the application of new energy vehicles in the rental market, aiming for large-scale and standardized development [4] Group 5 - Xiaomi's CEO Lei Jun announced that the Xiaomi玄戒O1, a self-developed 3nm flagship chip, has begun mass production, with two flagship products set to launch soon [5] Group 6 - "Digital Optical Core" completed a tens of millions RMB A+ round financing, with funds allocated for ongoing chip research and team expansion [6] - "Junhe Alliance Biotech" secured several million RMB in strategic financing to advance its product pipeline in serious and consumer healthcare sectors [8] Group 7 - NVIDIA's CEO Jensen Huang expressed deep concern over the U.S. export ban on H20 chips to China, predicting a $15 billion reduction in sales and labeling the restrictions as shortsighted [9] Group 8 - The Ministry of Housing and Urban-Rural Development of China emphasized the importance of transforming existing buildings into quality housing as part of its urban renewal initiative [10] Group 9 - Japan is considering accepting U.S. tariff reductions instead of exemptions, indicating a shift in trade negotiations [11] Group 10 - South Korea's household credit reached a historical high in Q1, with a balance of 1,928.7 trillion KRW, reflecting a 2.8 trillion KRW increase from the previous quarter [12] Group 11 - The "Private Economy Promotion Law" officially came into effect, establishing the legal status of the private economy and promoting its sustainable and high-quality development [13] Group 12 - The Chinese Ministry of Commerce criticized the U.S. for its discriminatory export control measures against Chinese chip products, urging for corrections and mutual cooperation [14]

▲5月9日，工作人员在位于重庆北碚区的神驰机电股份有限公司发电机生产车间作业。图/新华社 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，这部法律的立法从动议到起草、审议和通过的全过程，都备受社会关注。 法律的生命力在于实施。当此之际，要把民营经济促进法的法律善意最大化体现出来，转化为对民营经 济实实在在的推动力，除了要全面开展法律宣贯活动，更需加快推动配套政策措施落地见效。 据此，民营经济促进法的实施，既是为民营企业安心谋发展送上"定心丸"，也为激励广大民营企业和企 业家在新时代新征程上"敢于闯、大胆干"提供了助推器。 经过数十年的探索和发展，我国民营经济已经形成相当的规模、占有很重的分量——贡献了50%以上的 税收、60%以上的GDP、70%以上的技术创新、80%以上的城镇劳动就业、90%以上的企业数量。 但同时也得看到，在民营经济发展壮大后，近年来也出现了一些值得警惕的，诸如"离场论"等错误论 调，一些民营企业和民营企业家更是动辄得咎，时常被推入舆论漩涡。这在客观上不仅对民营企业和民 营企业家带来污名化，也真切影响到民营经济的正常发展氛围。 在这一 ...

国家发展改革委办公厅发布关于学习宣传和贯彻实施《中华人民共和国民营经济促进法》的通知。其中 提出，一是建立健全工作机制。落实法律有关规定，建立健全促进民营经济发展工作协调机制，统筹推 动工作落实。 ...

国家发改委：进一步完善促进民营经济发展的制度机制 对本地区法规、规章、规范性文件和其他政策 性文件等进行清理 智通财经5月20日电，国家发展改革委办公厅发布关于学习宣传和贯彻实施《中华人民共和国民营经济 促进法》的通知，要以《民营经济促进法》贯彻实施为契机，进一步提高工作水平，强化工作举措，确 保在法治轨道上促进民营经济发展壮大。一是建立健全工作机制。落实法律有关规定，建立健全促进民 营经济发展工作协调机制，统筹推动工作落实。二是加快完善配套制度。对照法律规定，做好"立改废 释"。一方面，结合自身实际，进一步完善促进民营经济发展的制度机制。另一方面，对本地区法规、 规章、规范性文件和其他政策性文件等进行清理，与法律规定不一致的，要及时修改或废止。三是全面 实施法律规定。增强法治意识，履行法定职责，严格按照法定职权和程序开展工作，保证各种所有制经 济依法平等使用生产要素、公平参与市场竞争、同等受到法律保护，积极协调解决民营经济发展中的重 大问题，依法维护民营企业和民营企业家合法权益，确保将《民营经济促进法》各项制度规定落到实 处。 ...

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]

2025年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，民营经济促进法回应了民营企业哪些现实期待？吃下"定心丸"，广大民营企业家将如 何勇敢闯、大胆干？一起来听听民营企业家们怎么说。 新希望集团董事长刘永好：市场竞争环境一定会越来越好 负面清单越改越短，市场竞争环境一定会越来越好。民营经济促进法以公平竞争审查机制为基础，负面 清单制度为抓手，让民营企业更加自由地参与竞争，持续营造法治化营商环境，不断增强发展动力和信 心。 尽管面对错综复杂的国内外形势，只要信心在，只要国家的政策好，只要有广大人民的信任和支持，我 相信民营企业一定不会辜负党和人民的期盼，为扩大就业、增加税收、增加出口、经济转型升级特别是 科技创新作出应有的贡献。 奇安信集团董事长齐向东：字字句句都在回应我们的核心诉求 民营经济促进法条条聚焦民营企业生存发展的现实困境，句句回应民营企业家的核心诉求。资金支持、 重大工程、科技攻关项目等积极举措一旦真正落地，我们民营企业资金流压力会得到缓解，加速技术从 研发到应用的转化，进一步强化AI赋能，夯实数字经济等领域的安全防线。 民营经济促进法中"权 ...

Core Points - The "Private Economy Promotion Law" was officially passed and implemented on April 30, marking the first foundational law specifically for the development of the private economy in China [1] - The law emphasizes fair competition, investment promotion, technological innovation, and protection of rights, requiring relevant departments to fulfill their legal responsibilities and enhance regulatory frameworks [4][5] Group 1: Implementation and Impact - Sichuan Province has initiated a series of measures to promote the development of the private economy, achieving a private economy value-added of 842.56 billion yuan with a growth rate of 5.6% in the first quarter [4] - The law aims to create a fair, just, and transparent market environment, which is expected to stimulate innovation and development among private enterprises [1][8] - The law includes provisions for supporting private enterprises in strategic emerging industries and major technological breakthroughs, allowing them to participate in national technological initiatives [8] Group 2: Future Directions - Sichuan plans to enhance the investment environment through five special governance initiatives, focusing on addressing operational challenges faced by private enterprises [4][5] - The provincial government aims to establish a rapid response mechanism for protecting the rights of private enterprises and to combat discriminatory practices in public procurement and project services [5][6] - Future measures will include the introduction of a "Fair Competition Review Method" to ensure that private enterprises can compete on equal footing in various sectors [6][7]

Core Viewpoint - The implementation of the "Private Economy Promotion Law" marks a milestone in the development of China's private economy, aiming to create a favorable environment for private enterprises and ensure fair competition in the market [1][2]. Summary by Sections Legal Framework - The law consists of 9 chapters and 78 articles, focusing on fair competition, investment promotion, technological innovation, and protection of rights [1]. - It is the first law specifically addressing the legal status of the private economy, emphasizing the long-term commitment to promoting its sustainable and high-quality development [2]. Financial Support - The law includes provisions for financial institutions to develop market-oriented financial products tailored to the characteristics of private enterprises, enhancing credit supply and aligning loan terms with the financing needs of these organizations [2][3]. Technological Innovation - It supports capable private enterprises in leading national key technology projects and provides access to major national research facilities, promoting technological innovation and collaboration [3][4]. Rights Protection - The law emphasizes the protection of personal rights, property rights, and operational autonomy of private enterprises, addressing issues such as arbitrary fees and inspections by local authorities [4]. Implementation and Coordination - A national coordination mechanism will be established to ensure the effective implementation of the law, with relevant departments tasked with developing supporting regulations to facilitate its enforcement [5].

Group 1 - Jiangsu Jiatai Evaporation Equipment Co., Ltd. has experienced a significant reduction in administrative inspections, allowing more focus on business development due to the "one enterprise, one inspection" reform implemented by the Nanjing Lishui District [1] - The province is a major hub for private enterprises, with measures introduced to enhance political supervision and address corruption affecting private businesses, thereby optimizing the business environment for high-quality development [1] - Nine Dragons Paper (Taicang) Co., Ltd. is investing 5 billion yuan in a special materials project, expected to produce 1 million tons of specialty paper annually with an estimated annual output value of 8.5 billion yuan, although project delays are occurring due to environmental assessment and coordination issues [1] Group 2 - The Taicang City Discipline Inspection Commission has initiated a "help agency" process to expedite the construction permit for the Nine Dragons project, resulting in the project starting over a month earlier than expected [2] - Continuous efforts are being made by various levels of discipline inspection and supervision agencies to streamline the administrative process and enhance the business environment, including the establishment of a contact point system for enterprises [2][3] - The implementation of a new management system in Suqian City has facilitated data sharing and simplified inspection processes, benefiting over 5,000 enterprises and leading to numerous joint inspections [3] Group 3 - The provincial discipline inspection agencies are focusing on rectifying illegal and improper enforcement actions that hinder business operations, promoting a more standardized and effective regulatory environment [3][4] - The emphasis on systemic governance aims to address institutional barriers and improve the overall support for private economic development [4] - The Jinhu County Discipline Inspection Commission has identified issues in the employment and entrepreneurship sector, leading to recommendations for improving training programs relevant to local industries [5] Group 4 - The focus on improving the conduct of officials is crucial for enhancing the business environment, with initiatives encouraging proactive engagement with private enterprises [5] - The establishment of a mechanism for accountability and error correction is intended to foster a more supportive relationship between government officials and businesses [5]