从信贷政策看，做深做实支持小微企业融资协调工作机制，有助于加强央地协同，从供需两端发力，进 一步破解企业和银行之间的信息不对称，实现直达基层、快速便捷、利率适宜等目标。同时，制定实施 护航外贸发展系列政策措施，将对受关税影响较大的民营企业提供精准服务，帮助企业拓展市场、稳定 经营。 总之，近期一揽子金融政策传递出明确的政策信号，有助于进一步稳定民营企业信心和预期，推动民营 企业高质量发展，为解决民营企业融资难融资贵问题创造更好条件。 记者：解决民营企业融资难问题，政策措施还需要进一步从哪些方面发力？ 民营经济是推进中国式现代化的生力军，是高质量发展的重要基础。2月17日召开的民营企业座谈会强 调，继续下大气力解决民营企业融资难融资贵问题。民营企业座谈会召开以来，相关部门加快落实这一 部署，引导金融机构增加对民营和小微企业信贷投放。近期一揽子金融政策落地，民营企业也是支持重 点之一。 政策组合拳将如何发力？民营企业融资还有哪些方面需要政策持续用力？记者采访了招联首席研究员、 上海金融与发展实验室副主任董希淼。 记者：近期一揽子金融政策，对解决民营企业融资难融资贵问题将发挥哪些作用？ 董希淼：从货币政策看，全面降 ...

Core Points - The implementation of the Private Economy Promotion Law on May 20 marks a milestone in the development of China's private economy, reflecting the country's commitment to fostering the growth of private enterprises and enhancing their vitality and creativity [1][2][4]. Group 1: Law's Significance - The Private Economy Promotion Law is China's first foundational law specifically addressing the development of the private economy, aiming to create a stable, fair, transparent, and predictable environment for private enterprises [2][3]. - The law encourages fair competition and aims to enhance the role of private enterprises in driving technological innovation and contributing to high-quality economic development [3][5]. Group 2: Economic Impact - Private enterprises account for over 92% of the total number of companies in China, with a significant increase in the number of private enterprises listed among the world's top 500 [4][6]. - The law is expected to boost the confidence of private enterprises, which play a crucial role in job creation, tax revenue generation, and export promotion [4][5]. Group 3: International Cooperation - The law is anticipated to create substantial opportunities for practical cooperation between China and other countries, particularly in the context of the Belt and Road Initiative and the Regional Comprehensive Economic Partnership [6][7]. - Chinese private enterprises are increasingly participating in international markets, contributing to global supply chains and enhancing their competitiveness in high-tech and service sectors [6][7][8].

Core Viewpoint - The implementation of the Private Economy Promotion Law on May 20, 2025, aims to enhance the development of the private economy, which plays a crucial role in growth, innovation, employment, and public welfare, while addressing the persistent issues of financing difficulties and high costs faced by private enterprises [1][2]. Group 1 - The law establishes equal legal status, market opportunities, and development rights for private economic organizations compared to other economic entities [2]. - It encourages financial institutions to develop and provide financial products and services tailored to the characteristics of the private economy, enhancing credit supply and aligning loan terms with the financing needs of private enterprises [2][3]. - The law also standardizes the credit system and financing mechanisms, promoting the establishment of a credit information sharing mechanism and supporting private enterprises in obtaining financing through stock and bond issuance [2][3]. Group 2 - There is a need for strengthened policy coordination between fiscal and monetary policies to create a supportive environment for the private economy [3]. - Financial institutions should broaden financing channels by developing products suited to private enterprises and exploring new models such as supply chain finance and intellectual property financing [3]. - Optimizing financial services is essential, including improving approval efficiency, reducing costs, and enhancing the accessibility of financing for private enterprises [3].

Core Points - The "Private Economy Promotion Law" officially took effect on May 20, establishing the legal status of the private economy and creating a framework for investment, financing, and technological innovation [1] - Financial institutions are expected to provide tailored financial products and services to meet the unique needs of private enterprises, enhancing credit supply and accessibility [1][5] - The law aims to stimulate the internal motivation of private economic organizations and promote high-quality development [1] Financing Challenges - The law includes provisions to address financing difficulties faced by private enterprises, mandating financial institutions to develop products suited to the characteristics of the private economy [2][5] - Specific measures such as "one industry, one policy" are being implemented to provide targeted financial services based on industry characteristics [2][6] Support for Technological Innovation - A dedicated chapter on "Technological Innovation" encourages financial institutions to improve their technology finance service models, including various forms of collateral for loans [3][4] - The establishment of a government-backed financing guarantee system aims to support small and micro enterprises, with guarantee fees capped at 1% [5][6] Risk Management and Regulatory Policies - The law promotes a market-based risk-sharing mechanism for financing, encouraging collaboration between banks and guarantee institutions [5] - Regulatory policies have been tailored for small and micro enterprises, including reduced capital risk weights and increased tolerance for non-performing loans [6] Future Directions - Financial institutions are encouraged to leverage the implementation of the law to support the high-quality development of the private economy, focusing on comprehensive financial services and risk management [7]

■本报记者 王爱静 近年来，浙江农商联合银行辖内浙江甬城农商银行（以下简称"甬城农商银行"）聚焦主责主业，做好金 融"五篇大文章"，坚持服务"三农"、服务民营小微、服务实体经济、服务浙江发展，切实走好农商高质 量发展之路，各项业务实现质的有效提升和量的合理增长。截至今年4月底，该行普惠小微贷款余额达 206.7亿元，占比超50%。 在浙江天远生物科技有限公司（以下简称"天远生物科技公司"）的企业展厅内，多种功效的免疫药品整 齐陈列。"有了农商银行的帮助，我们的产品才能顺利进行研发、尽早投产。"该公司负责人黄必胜对 《农村金融时报》记者说。 天远生物科技公司是一家高新技术企业，致力于人体免疫力评估、基因检测及肿瘤早筛试剂盒研发、应 用，以及干细胞、免疫细胞的基础与临床研究。然而，其产品研发周期长、技术投入高，流动资金不足 制约了企业进一步发展。 "在了解到情况后，我行为其量身定制个性化金融产品，采用'不动产抵押+多种信用贷款'的组合担保融 资模式，帮助企业解决发展资金之困。"甬城农商银行洪塘支行副行长黄露露向记者表示。 （编辑 张博） 为擦亮"民营小微伙伴银行"金名片，甬城农商银行创新产品，为企业提供全方位、立 ...

近年来，我国支持引导民营企业参与国家重大项目建设的制度环境、市场环境不断优化，但民营企业仍 面临一些挑战。在市场准入方面，"非禁即入"政策在落实过程中仍有完善空间。一些政府采购和招投标 的隐性壁垒依然存在，民营企业在进入某些领域时仍有困难。在部分先进制造和基建项目中，民营资本 正扮演重要角色。国家发展改革委公布的数据显示，今年1月份至4月份，民营企业中标率同比提高5个 百分点，在1亿元以下项目中，民营企业中标项目数量占比超过80%。不过，在重大基建领域，民企参 与度仍显不足。 推动民营企业深度参与重大项目建设，相关政策陆续出台，实现从"小支撑"向"大担当"的转变。新版市 场准入负面清单已经发布，清单范围进一步缩减，市场准入壁垒清理集中整治行动正在开展，民营企业 参与重大项目建设的长效机制正加快完善。例如，国家能源局印发《关于促进能源领域民营经济发展若 干举措的通知》，明确支持民企投资建设水电、油气储备设施、液化天然气接收站等，参与油气管网主 干线或支线项目、"沙戈荒"大基地投资建设。今年，我国将在交通运输、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，推进基础设施竞争 ...

Group 1 - In the first quarter of 2025, 1.979 million new private enterprises were established in China, representing a year-on-year growth of 7.1%, exceeding the average growth rate of the past three years [1] - Among the new enterprises, 836,000 were categorized as "four new" (new technology, new industry, new business format, new model), with internet and modern information technology service enterprises growing the fastest at 18.0% [1] - The implementation of the Private Economy Promotion Law reflects the government's commitment to supporting the development of the private economy, enhancing legal protections and stabilizing expectations for long-term growth [1][4] Group 2 - Recent policies supporting the private economy focus on three main areas: protecting the rights of private enterprises and entrepreneurs, improving market mechanisms to reduce operational costs, and addressing local government overreach that increases transaction costs [2] - The current global environment presents challenges for private enterprises, including risks from de-globalization policies and the need for intelligent production capabilities, particularly affecting small and medium-sized enterprises [2] - Promoting high-quality development of the private economy is essential for competing internationally and advancing modernization in China, necessitating the use of legal frameworks to address development challenges [2] Group 3 - There is a need to accelerate the construction of a market-oriented, law-based, and international business environment to enhance the competitiveness of private enterprises [3] - Developing productive service industries is crucial for improving the global competitiveness of private enterprises, particularly in guiding them to understand industry trends and formulate global strategies [3] - The healthy development of private enterprises and entrepreneurs is interrelated, with each supporting the other's growth and contributing to national and social progress [3]

Core Viewpoint - The emergence of the "second generation" of Chinese private enterprises marks a significant shift in the business landscape, as these young successors bring diverse backgrounds and innovative approaches to family business succession [2][3]. Group 1: Characteristics of the New Generation - The new generation of successors, primarily born between the 1980s and 2000s, possesses strong educational backgrounds, with over 80% having studied abroad, including many with dual master's degrees from prestigious institutions [4]. - This group is characterized by a wide range of interests outside of business, including pursuits in arts, sports, and media, reflecting a desire for diverse life experiences before returning to family businesses [5]. Group 2: Succession Process - Many young successors undergo a period of exploration and self-discovery before accepting their roles in family businesses, often experiencing a journey from resistance to acceptance [6]. - Upon entering family businesses, successors typically start from the ground up, gaining comprehensive knowledge of operations before moving into management roles [6]. Group 3: Diverse Succession Strategies - Young successors exhibit a strong interest in digital technology, often leading traditional businesses through digital transformation, which has proven successful in many cases [8]. - They are also sensitive to trends in fashion and new consumer behaviors, often launching new brands or business lines that cater to younger demographics [9]. - The global perspective gained from studying abroad enables these successors to effectively expand family businesses into international markets [10]. Group 4: Financial Acumen and Innovation - The new generation is more familiar with complex financial tools compared to their predecessors, leading some to establish investment firms or engage in financial ventures related to family businesses [11]. - Successful transitions often involve innovative approaches to business operations, such as introducing new technologies or restructuring organizational hierarchies to foster a more collaborative environment [17]. Group 5: Communication and Learning - Effective communication between generations is crucial for successful succession, as misunderstandings can arise from differing experiences and perspectives [19]. - The process of succession is viewed as a mutual learning experience, where both generations must be open to understanding each other's viewpoints to facilitate innovation and growth [18]. Group 6: Family Dynamics and Governance - Successful succession often relies on strong family governance and a supportive environment that fosters shared values and mutual respect [23]. - In cases with multiple potential successors, collaborative approaches to leadership can enhance the likelihood of successful transitions [20]. Group 7: Future Outlook - As Chinese private family businesses enter a phase of increased succession activity, ongoing observations and case studies will continue to enrich understanding of effective succession practices [25].

Group 1 - The Private Economy Promotion Law is China's first foundational law specifically aimed at the development of the private economy, which is expected to stabilize expectations, boost confidence, and stimulate the growth of the private sector [1] - Shandong's private enterprises are leveraging diversified layouts and technological innovations to navigate complex external environments, demonstrating resilience and adaptability [1][2] Group 2 - Shenli Rigging is a representative private enterprise in China’s high-end export rigging products, with a market share that ranks among the top globally [2] - The company has developed a new 120-grade rigging product, which has the highest tensile strength in the world at 120 kg per square millimeter, showcasing significant technological advancement [2] - Shenli Rigging's exports to the U.S. account for about 5% of its total export revenue, indicating a diversified market presence across over 100 countries [2] Group 3 - Xinnuo Food, based in Shandong, specializes in dehydrated garlic products for export, serving over 30 countries and ranking among the top three in its industry for export volume [3][5] - The U.S. market constitutes approximately 30% of Xinnuo Food's export revenue, and the company is actively ramping up production to meet customer demands during a 90-day tariff suspension [5] - Xinnuo Food has invested significantly in research to innovate food preservation technology, achieving a shelf life of over one year without preservatives, which has led to successful product launches in domestic markets [6] Group 4 - The private economy is a crucial component of Shandong's economic landscape, with over 14 million private business entities, accounting for 98.9% of the total [7][9] - The added value of the private economy in Shandong reached 5.1 trillion yuan, representing 51.7% of the province's GDP [7] - Recent policies in Shandong aim to create a favorable environment for private enterprises, encouraging participation in various sectors, including renewable energy [9]

Core Viewpoint - The implementation of the "Private Economy Promotion Law" in China aims to provide legal support for the sustainable development of private enterprises by optimizing the investment and financing environment [1][2]. Group 1: Progress in Optimizing Investment and Financing Environment - Significant progress has been made in optimizing the investment and financing environment for private enterprises, highlighted by the legislative process of the Private Economy Promotion Law initiated in 2023 and pilot programs in provinces like Zhejiang and Guangdong [2]. - The establishment of the Beijing Stock Exchange, which serves innovative small and medium-sized enterprises, has seen 263 companies listed as of January this year, with over 80% being small and nearly 90% being private enterprises [2]. - Initiatives such as the "first loan" cultivation mechanism in Shenzhen have benefited over 400,000 first-time borrowers, while innovations in financial tools like supply chain finance and "science and technology notes" have helped thousands of private enterprises secure financing [2]. Group 2: Existing Challenges - Despite advancements, challenges remain, including persistent institutional barriers, inadequate enforcement of property rights protection, and a lack of innovative credit products tailored for light-asset technology enterprises [3]. - Many small and medium-sized private enterprises are still excluded from the core enterprise credit chain, and the risk pricing mechanism is failing [3]. Group 3: Future Directions for Improvement - Future efforts should focus on addressing pain points by enhancing institutional guarantees, market guidance, and financial support for private enterprises [3]. - The law emphasizes core provisions for property protection, market access, and financing support, encouraging private enterprises to participate in national strategies and enjoy state support policies [3]. - Recommendations include implementing differentiated credit policies, expanding policy guarantees, and strengthening multi-tiered capital market support [3]. Group 4: Corporate and Investor Strategies - Corporations should enhance their financing capabilities and governance by optimizing asset structures and financing strategies, including leveraging intangible assets for financing [4]. - Companies are encouraged to explore diverse financing channels such as supply chain finance and real estate investment trusts (REITs) [4]. - Investors and financial institutions should provide innovative products tailored to private enterprises, such as "technology loans" and "talent loans," while establishing special investment funds to encourage investment in growth-oriented private enterprises [4].