Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy

Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy

(July 14, 2023)

The private economy is a new force to promote Chinese-style modernization, an important foundation for high-quality development, and an important force to promote my country to build a modern socialist power in an all-round way and achieve the second centenary goal. In order to promote the development and growth of the private economy, the following opinions are put forward.

General 1. requirements

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the Party's 20th National Congress, adhere to the general tone of the work of seeking progress while maintaining stability, implement the new development concept completely, accurately and comprehensively, accelerate the construction of a new development pattern, and strive to promote high quality Development, adhere to the direction of socialist market economy reform, adhere to the "two unshakable", accelerate the creation of a market-oriented, rule of law, international first-oriented, international business environment, protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law, comprehensively build a pro-Qing political and business relationship, so that various ownership economies can use production factors equally in accordance with the law, participate in market competition fairly, and be equally protected by law, and guide private enterprises through their own reform and development, compliance operations, Transformation and upgrading continuously improve the quality of development, promote the private economy to become bigger, better and stronger, and make positive contributions in the new journey of building a modern socialist country, in the historical process of the great rejuvenation of the Chinese nation, we should shoulder a greater mission, shoulder heavier responsibilities and play a greater role.

2. Continuously Optimize the Development Environment of Private Economy

We will build a high-level socialist market economic system, continuously optimize a stable, fair, transparent and predictable development environment, and fully stimulate the vitality of the private economy.

(I) continue to break down market access barriers. All regions and departments shall not set or disguise access barriers in the form of filing, registration, annual inspection, identification, certification, designation, or requiring the establishment of branches. Clean up and standardize the pre-conditions and examination and approval standards for administrative examination and approval, licensing, filing and other government service items, and shall not turn government service items into intermediary service items. Without legal and regulatory basis, enterprises shall not be required to conduct self-inspection, inspection, certification, appraisal, notarization or provide certificates before government service. Steadily carry out market access effectiveness assessment, establish market access barrier complaints and handling response mechanisms, and improve the typical case collection and notification system.

(II) fully implement the fair competition policy system. Strengthen the basic position of competition policy, improve the fair competition system framework and policy implementation mechanism, and insist on treating enterprises of all types of ownership equally and equally. Strengthen anti-monopoly law enforcement to stop the abuse of administrative power to exclude and restrict competition. No franchise shall be granted to operators without fair competition, and no restrictions shall be placed on the operation, purchase or use of goods and services provided by specific operators. Regularly introduce a negative list of market interventions, and promptly clean up and abolish policies that hinder a unified market and fair competition, such as local protection, market segmentation and designated transactions. Optimize and improve the implementation of industrial policies, establish a list of preferential policies for enterprises and make them public in a timely manner.

(III) improve the social credit incentive and restraint mechanism. We will improve the credit information recording and sharing system, comprehensively promote the credit commitment system, and incorporate the commitment and performance information into the credit record. Give full play to the role of credit incentive mechanism to enhance the sense of acquisition of enterprises with good credit. We will improve the credit restraint mechanism and punish the responsible subjects in accordance with the law and in accordance with the list of disciplinary measures for breach of trust. Improve the credit repair mechanism after the correction of breach of trust, and study and introduce relevant management measures. We will improve the government's honest performance mechanism, establish and improve the record and punishment system for breach of trust in government affairs, and incorporate the breach of trust information of government organs and institutions, such as breach of contract, arrears of accounts, and refusal to perform judicial decisions, into the national credit information sharing platform.

(IV) improve the market-oriented restructuring mechanism. Encourage private enterprises to revitalize the stock of assets to recover funds. Adhere to precise identification, classification and implementation of policies, and actively apply bankruptcy reorganization and bankruptcy reconciliation procedures in accordance with the principles of marketization and rule of law for enterprises that are in financial difficulties but still have development prospects and rescue value. Promote the revision of the enterprise bankruptcy law and improve the supporting system. Optimize policies related to the transfer of individual industrial and commercial households to enterprises to reduce conversion costs.

3. to increase policy support for the private economy

Accurately formulate and implement various support policies, improve policy implementation methods, strengthen policy coordination, respond to concerns and interest demands in a timely manner, and effectively solve practical difficulties.

(V) improve the financing support policy system. Improve the market-based risk-sharing mechanism for financing with the participation of banks, insurance, guarantees, brokerage firms and other parties. We will improve the credit rating and evaluation system for small, medium and micro enterprises and individual industrial and commercial households, strengthen the collection of credit information related to enterprises, and promote service models such as "credit easy loans. Support qualified private small, medium and micro enterprises to raise funds in the bond market, encourage qualified private enterprises to issue corporate bonds for scientific and technological innovation, and promote the special support plan for bond financing for private enterprises to expand coverage and enhance credit enhancement. Support qualified private enterprises to go public for financing and refinancing.

(VI) and improve the normal prevention and clearing mechanism of arrears. Strictly implement the "Regulations on Guaranteeing Payment of Small and Medium-sized Enterprises", improve the long-term mechanism for preventing and resolving arrears of small and medium-sized enterprises, and increase the accountability and punishment of those responsible in accordance with laws and regulations. Organs, institutions and large enterprises shall not refuse or delay payment to small and medium-sized enterprises and individual industrial and commercial households on the grounds of changing internal personnel, performing internal payment processes, or waiting for approval of completion acceptance and final accounts audit without agreement in the contract. Establish a system of regular disclosure of delinquent accounts, advice and guidance, and active law enforcement. Strengthen the disclosure of information on commercial bills of exchange and improve the credit restraint mechanism of the bill market. Improve the mechanism for handling complaints and credit supervision of delinquent accounts, and strengthen the exposure of cases of malicious delinquent accounts. Improve the normalized docking mechanism between the clearing of arrears and the systems of auditing, supervision and inspection.

(VII) strengthen the guarantee of talent and employment demand. Smooth the flow of talents to private enterprises, improve personnel management, file management, social security and other successive policy mechanisms. We will improve the methods for the evaluation of professional titles in private enterprises, smooth the channels for the evaluation of professional titles in private enterprises, and improve the evaluation standards for professional titles guided by market evaluation. Build private enterprises, individual industrial and commercial households and workers employment information docking platform. Vigorously promote school-enterprise cooperation and integration of production and education. Promote the construction of industrial workers in the private economy and optimize the environment for career development. Strengthen the protection of the rights and interests of workers in flexible employment and new forms of employment, and give full play to the role of platform enterprises in expanding employment.

(VIII) improve the support policy direct access mechanism. Give full play to the role of the direct financial funds mechanism, and promote the direct access of funds related to enterprises. Increase the publicity of subsidy funds related to enterprises and accept social supervision. For private small and medium-sized enterprises and individual industrial and commercial households to establish a support policy "free of application and enjoy" mechanism, the promotion of notification commitment system, the relevant departments can extract materials through the public data platform, no longer require repeated provision.

(IX) strengthen policy communication and expected guidance. In accordance with the law to carry out the enterprise-related policy adjustment procedures, according to the actual setting of a reasonable transition period. Strengthen the policy release and interpretation guidance directly to private enterprises and individual industrial and commercial households. Support government departments at all levels to invite outstanding entrepreneurs to carry out consultation, and give full play to the role of entrepreneurs in enterprise-related policies, planning, standard formulation and evaluation.

4. Strengthening the Legal Guarantee for the Development of Private Economy

Improve the legal environment for equal protection of all types of ownership economy, and create good and stable expectations for the development of the private economy.

(X) protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law. prevent and rectify the use of administrative or criminal means to intervene in economic disputes, and local protectionism in the administration of justice for law enforcement. We will further standardize mandatory measures involving property rights to avoid the seizure of frozen property beyond the limits of authority, scope, amount and time limit. For the business property involved in the case that is not suitable for seizure and freezing, while ensuring the normal progress of investigation activities, the relevant parties can be allowed to continue to use it reasonably, and necessary measures for preservation and storage can be taken to minimize the impact of investigation and handling on normal office and legal production and operation. We will improve the mechanisms for appeals and retrials of cases involving enterprises, and improve the effective prevention and normalization of correction mechanisms for unjust and wrong cases.

(xi) Building institutional mechanisms for preventing and controlling corruption at the source of private enterprises. Judicial interpretations have been issued to increase the punishment of private enterprise staff for embezzlement, misappropriation of funds, and bribery in accordance with the law. Improve the mechanism for the recovery and disposal of property involved in the case. Deepen the compliance reform of the enterprises involved in the case and promote the compliance and law-abiding operation of private enterprises. Strengthen the source of corruption in private enterprises, and guide private enterprises to establish a strict audit and supervision system and accounting system. Give full play to the role of party organizations in private enterprises, promote enterprises to strengthen legal education, and create an honest and clean corporate culture atmosphere. Establish a corruption governance mechanism for private enterprises with the participation of multiple subjects. Promote the construction of private enterprises under the rule of law and clean private enterprises.

(12) Continuously improve the intellectual property protection system. Increase the protection of the original innovation of private small and medium-sized enterprises. Strictly implement the system of punitive damages and conduct preservation of intellectual property infringement. Establish a rapid handling mechanism for intellectual property infringement and administrative non-litigation enforcement, and improve the cross-regional jurisdiction system of intellectual property courts. We will study and improve the measures for the protection of intellectual property rights of innovative achievements such as commercial improvement and cultural creativity, and severely crack down on unfair competition such as infringement of trade secrets, counterfeiting and confusion, and malicious rush registration of trademarks. Intensify the criminal crackdown on violations of intellectual property rights. Improve the guidance mechanism for dealing with overseas intellectual property disputes.

(13) Improve the supervision and law enforcement system. We will strengthen the standardization and standardization of supervision, disclose regulatory standards and rules in accordance with the law, and enhance the stability and predictability of regulatory systems and policies. Improve the fairness, standardization, and simplicity of supervision, and eliminate selective law enforcement and allow enterprises to "self-certify innocence" supervision. Encourage cross-administrative regions to jointly issue unified regulatory policies, regulations and standards in accordance with regulations, and carry out joint law enforcement. In accordance with the principle of combining education and punishment, we will implement law enforcement methods such as notification, reminder, and persuasion, and will not impose administrative penalties on those who violate the law for the first time and have minor harmful consequences and correct them in time.

(14) Improve the long-term supervision mechanism of enterprise-related fees. We will continue to improve the list system of enterprise-related charges set by the government, make regular publicity, and accept the supervision of enterprises and society. Unblock the channels for reporting complaints about illegal charges related to enterprises, establish a standardized mechanism for sharing and transferring clues to departments, comprehensively adopt market supervision, industry supervision, credit supervision and other means to implement joint punishment, and publicly expose typical cases of illegal charges.

5. focuses on promoting high-quality development of private economy

Guide private enterprises to practice the new development concept, deeply grasp the existing shortcomings and challenges, change the development mode, adjust the industrial structure, change the growth momentum, stick to the main business, strengthen the industry, and consciously take the road of high-quality development.

(15) Guide and improve the governance structure and management system. We will support and guide private enterprises to improve their corporate governance structure, standardize the behavior of shareholders, strengthen internal supervision, achieve standardized governance, effective checks and balances, and operate in compliance with regulations, and encourage qualified private enterprises to establish and improve a modern enterprise system with Chinese characteristics. Promote the separation of corporate property from the individual or family property of the funder in accordance with the law, and clarify the property rights structure of the enterprise. Research and build a risk assessment system and prompt mechanism to give early warning of situations that seriously affect the operation of enterprises and may lead to social stability risks. Support private enterprises to strengthen risk prevention management, guide the establishment of a comprehensive risk management system covering corporate strategy, planning, investment and financing, market operations and other fields, and improve quality management awareness and capabilities.

(16) Support the improvement of scientific and technological innovation capabilities. Encourage private enterprises to continue to increase R & D investment in accordance with national strategic needs and industry development trends, carry out key core technology research, and actively undertake major national science and technology projects in accordance with regulations. Cultivate a group of private technology leaders in key industries, specialized and new small and medium-sized enterprises, and characteristic industrial clusters of small and medium-sized enterprises with strong innovation capabilities. Increase government procurement of innovative products, play the role of the first (set) insurance compensation mechanism, and support the iterative application of innovative products by private enterprises. Promote the integration and innovation of enterprises with different ownerships, large and medium-sized enterprises, and carry out joint research on common technologies. Improve the management system and achievement transformation mechanism of colleges and universities and scientific research institutes, mobilize their enthusiasm to support the innovation and development of private small, medium and micro enterprises, and support private enterprises and scientific research institutions to establish technology research and development centers, industrial research institutes, pilot maturation bases, and engineering research centers, Manufacturing Innovation Center and other innovation platforms. Support private enterprises to strengthen basic frontier research and the transformation of results.

(17) Accelerate the promotion of digital transformation and technological transformation. Encourage private enterprises to carry out research and development of digital common technologies, and participate in the investment, construction and application innovation of new infrastructure such as data centers and industrial Internet. Support the digital transformation of small and medium-sized enterprises and promote the promotion and application of low-cost, modular intelligent manufacturing equipment and systems. Guide private enterprises to actively promote standardization and improve product quality. Support private enterprises to increase the green and low-carbon transformation of production processes, equipment and technology, accelerate the development of flexible manufacturing, enhance the capacity of emergency expansion and conversion, and enhance the resilience of the industrial chain.

(xviii) Encouraging the enhancement of international competitiveness. Support private enterprises to actively extend to the design and development of core components and high-end manufactured products based on their own reality; strengthen brand building and enhance the reputation of "Made in China. Encourage private enterprises to expand overseas business, actively participate in the joint construction of the "Belt and Road", participate in overseas projects in an orderly manner, abide by local laws and regulations, and fulfill social responsibilities in going global. Better guide and support private enterprises to prevent and respond to external challenges such as trade protectionism, unilateralism, and "long-arm jurisdiction. Strengthen departmental coordination and cooperation, and establish a cooperation mechanism to prevent and resolve risks for the personal and property safety of private economic people overseas.

(xix) Support participation in major national strategies. Encourage private enterprises to voluntarily increase the level of employees' enjoyment of the fruits of enterprise development by expanding employment and improving the wage distribution system. Support private enterprises to invest in the development of labor-intensive manufacturing, equipment manufacturing and ecological industries in the central and western regions and the northeast, promote the accelerated development of old revolutionary areas and ethnic areas, and invest in the construction of border areas to promote the prosperity of the people. Support private enterprises to participate in the promotion of carbon neutrality, provide carbon reduction technologies and services, increase investment in renewable energy power generation and energy storage, and participate in carbon emission rights and energy use rights trading. Support private enterprises to participate in rural revitalization, promote new agricultural business entities and social service organizations to develop modern planting and breeding industries, develop high-quality modern agricultural product processing industries, develop modern agricultural service industries in accordance with local conditions, and expand leisure agriculture, rural tourism and other characteristic industries. Participate in the "Ten Thousand Enterprises to Prosper Ten Thousand Villages" action. We will support private enterprises to participate in comprehensively strengthening infrastructure construction, and guide private capital to participate in the construction of new urbanization, transportation and water conservancy and other major projects and areas to make up for deficiencies.

(20) Regulate and guide the healthy development of private capital in accordance with the law. We will improve the legal system that regulates and guides the healthy development of private capital, set up "traffic lights" for capital, improve the rules of the capital behavior system, and focus on launching a number of "green light" investment cases. We will comprehensively enhance the efficiency of capital governance and improve the capacity of capital supervision and the modernization of the regulatory system. Guide the development of the platform economy in the direction of openness, innovation and empowerment, make up for the weaknesses of development, support platform enterprises in creating jobs, expanding consumption and international competition, and promote the healthy and sustainable development of the platform economy. Encourage private enterprises to concentrate on strengthening and improving their main business and enhance their core competitiveness.

6. Promote the Healthy Growth of Private Economic People

Fully implement the policy of trust, unity, service, guidance, and education, use pragmatic measures to stabilize, inspire, and unite people, and guide private economic professionals to promote entrepreneurship.

(21) Improve the ideological and political construction mechanism of private economic personnel. Actively and steadily do a good job in recruiting party members among advanced elements representing the private economy. Deeply carry out education in ideals and beliefs and education in socialist core values. Educate and guide party members in the private economy to strengthen their ideals and beliefs, play a vanguard and exemplary role, and resolutely implement the party's theory, line, principles and policies. Actively explore innovative ways of party building in the field of private economy.

(22) Cultivate and promote entrepreneurship. Guide private entrepreneurs to enhance patriotism, be brave in innovation, be honest and law-abiding, assume social responsibility, expand international horizons, dare to work, and constantly stimulate innovative vitality and creative potential. Give full play to the exemplary and leading role of outstanding entrepreneurs, increase the intensity of selection and commendation in accordance with regulations, vigorously cultivate entrepreneurship in the private economy, and timely summarize and promote the growth experience of entrepreneurs with Chinese characteristics and conform to the trend of the times.

(23) Strengthening the construction of a contingent of representatives of the private economy. Optimize the structure of the private economy representatives, improve the selection mechanism, take into account different regions, industries and large-scale enterprises, and appropriately tilt towards strategic emerging industries, high-tech industries, advanced manufacturing, modern service industries, modern agriculture and other fields. We should standardize political arrangements, improve the relevant comprehensive evaluation system, steadily do a good job in recommend outstanding private economic personages as candidates for deputies to people's congresses and CPPCC members at all levels, and give full play to the role of the Federation of industry and Commerce as the main channel in the orderly political participation of private economic personages. Support private economic representatives to play a greater role in international economic activities and economic organizations.

(24) Improve the education and training system for private economic personnel. We will improve the mechanism for special training and study and discussion of private economic personnel, and further increase the intensity of education and training. Improve the training system for private small, medium and micro enterprises, and build a multi-field, multi-level, online and offline training system. Strengthen the echelon training of private economic personnel, establish and improve the guidance system for the younger generation of private economic personnel, and promote the handover and orderly inheritance of new and old careers.

(25) Build a comprehensive pro-Qing political and business relationship. To implement the construction of a pro-Qing political-business relationship, party and government cadres and private entrepreneurs must establish a new type of pro-Qing political-business relationship in both directions. Leading cadres at all levels must be frank and sincere in contacting and communicating with private entrepreneurs, take the initiative, serve in the front, solve problems and do practical things for private enterprises and private entrepreneurs in accordance with laws and regulations, keep the bottom line of communication, prevent the risk of clean government, and be friendly and friendly. Degree, clear and promising. Private entrepreneurs should take the initiative to communicate with party committees, governments and departments at all levels, tell the truth, tell the truth, give advice, follow the right path, run enterprises in accordance with discipline and law, and operate openly.

7. Continuously Create a Social Atmosphere of Concern to Promote the Development of Private Economy

Guide and support the private economy to fulfill its social responsibilities, show a good image, better interact with public opinion, and create a good social atmosphere of correct understanding, full respect, and active concern for the private economy.

(26) Guide the whole society to have an objective, correct and comprehensive understanding of the private economy and people in the private economy. We should strengthen theoretical research and publicity, adhere to the principle of seeking truth from facts, objectivity and fairness, grasp the correct guidance of public opinion, guide the society to correctly understand the major contribution and important role of the private economy, and correctly treat the wealth obtained by the private economy through legal and compliance operation. Resolutely resist, promptly refute and clarify erroneous remarks and practices that question the basic socialist economic system, deny and weaken the private economy, and respond to concerns and dispel concerns in a timely manner.

(27) Cultivate a public opinion environment that respects innovation and entrepreneurship in the private economy. Strengthen the publicity and reporting of the advanced deeds of outstanding entrepreneurs and accelerate the construction of world-class enterprises, gather the positive energy of advocating innovation and entrepreneurship, and enhance the sense of honor and social value of entrepreneurs. Create a public opinion environment and an atmosphere of the times that encourages innovation and tolerates failure, and give understanding, tolerance, and help to the mistakes and failures of private economic personnel in their legal operations. Establish a departmental coordination mechanism, severely crack down on acts such as blackmail using negative public opinion as a threat in accordance with the law, improve relevant reporting mechanisms, and reduce the cost of corporate rights protection.

(28) Support private enterprises to better fulfill their social responsibilities. Education guides private enterprises to consciously assume the social responsibility of promoting common prosperity, actively build harmonious labor relations within the enterprise, promote the construction of a community of interests for all employees, and make the development results of the enterprise more equitable and benefit all employees. Encourage and guide people in the private economy to be doers of development and devotees of the new era, realize personal value at a higher level, show the whole society a good image of abiding by discipline and law, and abide by social morality, so as to be rich and responsible, rich and righteous, rich and loving. Explore the establishment of a social responsibility evaluation system and incentive mechanism for private enterprises, guide private enterprises to actively participate in glorious undertakings and public welfare charities, participate in emergency disaster relief, and support national defense construction.

8. strengthen organization and implementation

(29) Uphold and strengthen the leadership of the Party. Adhere to the centralized and unified leadership of the Party Central Committee over the work of the private economy, and implement the party's leadership in all aspects of the work. Adhere to the correct political direction, establish and improve the working mechanism for the development of the private economy and private enterprises, clarify and consolidate departmental responsibilities, strengthen coordination and cooperation, and strengthen the linkage between the central and local governments. Support the Federation of Industry and Commerce to play a better role in promoting the healthy development of the private economy and the healthy growth of private economic personnel.

(30) Improve the implementation of incentive and restraint mechanisms. We will strengthen the supervision and implementation of the policies that have been issued, focus on promoting the development and growth of the private economy, the protection of property rights, and the promotion of entrepreneurship, and improve the evaluation and supervision system. Establish and improve the private economic complaints and rights protection platform, improve the complaint reporting confidentiality system, handling procedures and supervision and assessment mechanism.

(31) Make a summary assessment in a timely manner. In the assessment of consistency with macro-policy orientation, a special assessment review of private economic policies is carried out. Improve China's business environment evaluation system and improve the third-party evaluation mechanism for policy implementation effects. Strengthen the statistical monitoring and evaluation of the private economy, and if necessary, study and compile a unified and standardized private economic development index. Continuously innovate and develop the "Jinjiang Experience", summarize and promote good experiences and practices in various regions in a timely manner, and solidify effective experiences and practices in an appropriate form.