CCTV News: On May 8, the State Council Information Office held a press conference, and the Ministry of Justice, the Legislative Affairs Committee of the Standing Committee of the National People's Congress, the National Development and Reform Commission, the State Administration for Financial Regulation, and the All-China Federation of Industry and Commerce introduced the relevant situation of the Private Economy Promotion Law.

At the press conference, the Legislative Affairs Committee of the Standing Committee of the National People's Congress introduced that the Law on Promotion of the Private Economy will be officially implemented on May 20 this year. This law is both a promotion law and a guarantee law, and guarantees that private economic organizations and other types of economic organizations enjoy equal legal status, market opportunities and development rights in accordance with the law.
In order to fully implement the Private Economy Promotion Law, the Ministry of Justice will promote the establishment and improvement of a mechanism for handling complaints and reports of administrative law enforcement violations, implement the administrative law enforcement supervisor system, and take the lead in carrying out special actions to standardize administrative law enforcement related to enterprises.

The National Development and Reform Commission stated that a number of supporting systems and mechanisms such as the new version of the negative list for market access and the Regulations on the Protection of Accounts for Small and Medium Enterprises have been issued. From January to April this year, the winning rate of private enterprises increased by 5 percentage points year-on-year. For projects with less than 100 million yuan, the number of winning projects of private enterprises accounted for more than 80%.

The State Administration for Financial Supervision and Administration and the financial department jointly issued a guarantee plan to support scientific and technological innovation, providing special guarantees for loans to small and medium-sized enterprises such as science and technology, high-tech, and specialized and innovative. By the end of the first quarter of this year, the national loan balance of high-tech enterprises was 17.7 trillion yuan, an increase of 20% year-on-year.
The All-China Federation of Industry and Commerce will continue to play the role of a bridge and link, promote the establishment and improvement of government-enterprise communication mechanisms, continue to empower private enterprises' production and operation activities, and continuously expand new broad space for the high-quality development of private enterprises.

