Core Viewpoint - The article emphasizes the importance of intergenerational succession in private enterprises in China, highlighting the need for emotional recognition and systematic planning to ensure the continuity and growth of these businesses [3][6]. Group 1: Current State of Private Enterprises - As of May 2025, there are expected to be 185 million private economic organizations in China, accounting for 96.76% of total operating entities, with 58 million private enterprises playing a crucial role in employment, innovation, and growth [3]. - The average lifespan of private enterprises in China is only 3.7 years, significantly lower than the global average, indicating a pressing need for effective succession planning [3]. - The average age of founders in Zhejiang's top 100 private enterprises has reached 64 years, with nearly 80% of second-generation successors entering core business roles, marking a critical period for intergenerational transition [3]. Group 2: Factors Influencing Succession - Successful succession in private enterprises is influenced by emotional recognition and systematic planning, requiring both the older generation to manage transitions effectively and the younger generation to start from grassroots levels and undergo gradual training [3]. - Examples of successful transitions include the case of Boss Electric's Ren Fujia, who was motivated by familial ties, and Fotile Group's Mao Zhongqun, who implemented a nine-year plan for gradual growth in various business areas [3]. Group 3: Policy Environment and Future Outlook - The upcoming implementation of the "Private Economy Promotion Law" in 2025 will legally enshrine the support for private economic development, emphasizing the importance of fostering entrepreneurial spirit and ensuring the sustainable, healthy, and high-quality growth of the private sector [6]. - The article stresses the urgency for private enterprises to adapt to the AI revolution and global changes, highlighting the need for transformation to maintain core competitiveness and contribute to national development and rejuvenation [6]. - The essence of private enterprise succession is not merely the transfer of wealth but the continuation of entrepreneurial spirit and development goals across generations, aligning personal aspirations with the broader mission of Chinese modernization [6].

Group 1 - The forum titled "Globalization Changes and Corporate Competitiveness Reconstruction" was held by the School of Business at Renmin University of China, featuring a mix of academic and practical insights from industry leaders [1][3] - Nearly 500 senior management personnel, including CHOs and HR leaders from various companies, participated in discussions about new trends in global human resource management [1][3] - The forum included eight keynote speeches, a roundtable discussion, and a closing keynote address, emphasizing the importance of collaboration between academia and industry [1][3] Group 2 - Zhang Jin, the Vice Dean of the School of Business, highlighted the unique human resource challenges faced by different types of enterprises in the context of globalization, which are crucial for corporate success [3] - Professor Zhou Yu outlined four key strategies for companies to drive innovation and achieve breakthroughs in organizational and talent mechanisms [5] - The strategies include focusing on user-centric innovation, solidifying professional expertise, reconstructing innovation management logic, and embracing digital intelligence [5] Group 3 - The roundtable discussion focused on the theme of "Globalization Changes and Corporate Competitiveness Reconstruction," moderated by Wang Deyue, the Executive President of the CHO Society [7] - Professor Ge Jianhua delivered the closing remarks, analyzing the challenges in organizational management due to rapid technological advancements and emphasizing the importance of humanistic values in management [7] - The forum was co-hosted by Kingdee Software (China) Co., Ltd., and supported by various alumni associations and project centers from Renmin University [9]