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].