Core Points - The implementation of the "Private Economy Promotion Law" on May 20 marks a significant change for private enterprises in China, addressing their concerns and providing legal protections for their rights and interests [1][2] - The law ensures that the personal rights, property rights, and operational autonomy of private economic organizations and their operators are legally protected, preventing infringement by any individual or entity [1] - The law encourages private enterprises to engage more actively in product research and development, particularly in the health food sector, which is gaining popularity due to rising public health awareness [1] Group 1 - The "Private Economy Promotion Law" aims to eliminate policies that hinder fair competition and the unified national market, allowing private enterprises more opportunities in major project construction and emerging industry development [2] - Financial institutions are expected to increase support for private enterprises, broadening financing channels and reducing costs, which will alleviate long-standing financial pressures [2] - The law reflects the government's commitment to supporting the private economy, providing a sense of security for private entrepreneurs to pursue innovation and development [2]