National Business Daily:

The Private Sector Promotion Law has a special article in the general provisions that stipulates the role and responsibilities of the ACFIC. How will the ACFIC serve as an effective bridge between government and business following the law's enactment to support sustainable, healthy and high-quality private sector development? Thank you.

Fang Guanghua:

Thank you for your question. Promoting the sound development of the private sector and the well-rounded growth of those engaged in it is the ACFIC's main responsibility. Article 7 of the General Provisions of the Private Sector Promotion Law clarifies ACFIC's responsibilities, providing both a legal basis and legal safeguards for it to better fulfill its role as a bridge, and to serve the healthy, sustainable and high-quality development of private enterprises.

Publicity and interpretation of the law should be well organized. Its promulgation has generated widespread enthusiasm among private sector entrepreneurs, who widely view this as a historic milestone in the development of the private economy, fully demonstrating the Party and state's attention to and care for the private sector. The ACFIC has 320,000 executive committee members and more than 5 million members, with services covering a broad range of private enterprises. We will step up efforts to promote the rule of law, using the publicity and interpretation of the Private Sector Promotion Law as an opportunity to help private entrepreneurs gain a deeper understanding of its legislative intent. This will actively communicate the Party and the state's policies for promoting private sector development and growth, and help build broad-based support and consensus.

We also need to provide good services for enterprises. The Private Sector Promotion Law proposes a series of long-term measures to promote private sector development, which will provide strong support for the high-quality development of the private sector. We will work with relevant departments to accelerate the rollout of supporting policies and ensure the effective implementation of legal provisions. We will also build a cordial and clean relationship between government and business by establishing and improving communication mechanisms and enhancing service quality. We will continuously empower the production and operations of private enterprises, guiding them in developing new quality productive forces and improving quality, efficiency and market competitiveness. This will continuously expand new opportunities for the high-quality development of private enterprises. We also need to actively participate in political consultation and democratic supervision. We will optimize the business environment evaluation system for private enterprises and collect and report new situations and problems encountered by private enterprises during the law's implementation. We will encourage judicial and law enforcement departments to optimize supporting measures and standardize enforcement methods. This will protect the legitimate rights and interests of private enterprises and entrepreneurs in accordance with the law.

We must also guide law-abiding business operations. The Private Sector Promotion Law promotes the modern governance of private enterprises. We will work with relevant departments to continue implementing the plan to enhance the legal awareness of private entrepreneurs and deepen the development of law-abiding and clean private enterprises. We will support qualified private enterprises in establishing and improving a modern corporate system with distinctive Chinese characteristics, thereby raising their standards in management and operations. We will also guide more private enterprises to actively participate in employment promotion campaigns such as the 10,000 Enterprises Revitalizing 10,000 Villages program and the "Hundred Cities, Thousand Schools, and Ten Thousand Enterprises" initiative while pursuing their own high-quality development. This will encourage them to actively fulfill their social responsibilities.

We also need to build effective chambers of commerce. The Private Sector Promotion Law specifically clarifies the coordinating and self-regulating role of industry associations and chambers of commerce in promoting private economic development. There are more than 56,000 chambers of commerce affiliated with and connected to the ACFIC at all levels. We will actively fulfill our management, guidance and service responsibilities. We will work with legislative bodies to accelerate the formulation of the Industry Association and Chamber of Commerce Law. We will also promote the construction of a modern chamber of commerce system with Chinese characteristics, strengthen Party building within chambers of commerce, and improve chamber service functions. We will guide chambers of commerce to better fulfill their roles in providing information consultation, publicity and training, market expansion, rights protection and dispute resolution. Thank you.