Jiangxi promulgates regulations to promote the development of private economy and highlight difficult and blocking problems

China News Service, Nanchang, October 10 (Reporter Wu Pengquan) Jiangxi has introduced regulations to promote the development of the private economy. Reporters learned from a press conference held by the General Office of the Standing Committee of the Jiangxi Provincial People's Congress on the 10th that the "Regulations on the Promotion of Private Economy in Jiangxi Province" (referred to as the "Regulations") had been voted on by the 25th meeting of the Standing Committee of the 14th Jiangxi Provincial People's Congress on September 23 and will be officially implemented on November 1.

The "Regulations" have eight chapters and 61 articles. The main contents include breaking down hidden barriers to market access and ensuring fair participation in market competition; improving the investment and financing support system and striving to solve financing difficulties and expensive financing; improving service guarantee mechanisms to improve the quality and efficiency of enterprise-related services; standardizing enterprise-related supervision and law enforcement, and strengthening the protection of private economic rights and interests.

Zhang Zhijian, deputy director of the Jiangxi Provincial Soviet District Office, introduced at the press conference that the "Regulations" are based on Jiangxi's actual situation and adhere to the three-fold orientation of promotion, problem and effect. It embodies the three distinctive characteristics of highlighting the positioning of promotional legislation, highlighting the resolution of difficult and blocking problems, and highlighting the enforceability of regulations.

He further said that the "Regulations" make targeted institutional arrangements to address prominent issues such as unfair competition, difficult and expensive financing, and enterprise-related supervision and law enforcement to respond to the concerns of private economic organizations. For example, regarding the issue of normative law enforcement, it is clear that the benchmark system for administrative discretion and the administrative inspection management system should be improved, and behaviors such as "arbitrary fees, arbitrary fines, and arbitrary inspections" should be resolutely curbed.

The private economy is an important force in Jiangxi to promote development, promote innovation, increase employment, and improve people's livelihood. Zhang Zhijian said frankly that the majority of private entrepreneurs in Jiangxi have strong expectations for optimizing the development environment and stabilizing development expectations. However, affected by various internal and external factors, the development of the private economy still faces obstacles such as hidden barriers to market access, structural deficiencies in factor supply, and difficult and expensive financing.

The "Regulations" clearly improve institutional measures and optimize the private economic investment and financing environment. Optimize the financing system from four aspects: credit fairness, service innovation, credit enhancement and cost regulation: support financial institutions in establishing three lists of financing authorization, credit granting, and due diligence and exemption; promote government financing guarantee institutions to gradually reduce or cancel counter-guarantees; require financial institutions to increase first loans, credit loans, and medium and long-term loans, strictly prohibit loan transfers, loan tying, and illegal charges, and reasonably control the comprehensive financing costs of private economic organizations.