Interpretation of the National People's Congress and its Proposals on Economic Policy

"Private economy is an important support for China's economic development and an important power source for China's economic growth.

1. Take measures to enhance the confidence of private economy development. First, create a market environment with equal rights, equal opportunities and equal rules for entrepreneurs of various ownership economies. The second is to create a social atmosphere that encourages entrepreneurs to start their own businesses, and to shape a "pro" and "cheap" new political and business relationship. The third is to create a fair and standardized legal environment and strengthen the protection of legitimate rights and interests such as intellectual property rights of enterprises and property rights of entrepreneurs.

2. Continuously optimize the business environment and improve the level of government services. First, focus on key links such as enterprise start-up cancellation, construction permit handling and real estate registration, and carry out business environment benchmarking actions. The second is to establish a joint meeting system for private economic development and a docking mechanism such as "private entrepreneur reception day" to smooth the communication channels between government and enterprises. The third is to strengthen the publicity of public media on enterprise-related policies and convey the government's analysis and judgment of the situation and policy orientation to the market in a timely manner. Fourth, governments at all levels should intensify the study, research and implementation of enterprise-related policies. The fifth is to promote poverty alleviation actions by private enterprises.

3. Continue to reduce corporate tax burden. First, moderately reduce the corporate income tax rate and give low corporate income tax concessions to labor-intensive small and micro enterprises; For fixed assets, especially the machinery and equipment of growing small and medium-sized enterprises encouraged by the state to develop industries, accelerated depreciation methods such as double declining balance method and total number of years method are allowed. The second is to improve the value-added tax policy, speed up the policy optimization such as degenerate second-rate tax rate, relax the tax refund conditions, and expand the VAT input deduction. Third, continue to give tax incentives to small and micro enterprises with operational difficulties, and appropriately extend the social insurance premium reduction and exemption policy. Fourth, scientifically formulate preferential tax policies, and encourage private enterprises to upgrade their industries, save energy and reduce emissions, carry out digital transformation, and innovate and start businesses. The fifth is to further sort out and streamline the list of fees.

4. Effectively reduce the financing cost of private economy. First, commercial banks are encouraged to launch short, small, urgent and frequent financial products and services corresponding to the financing characteristics of private enterprises. The second is to establish and improve the financing guarantee system. The third is to develop a multi-level capital market and encourage the private economy to expand equity financing. Support qualified private enterprises to raise funds by issuing corporate bonds and asset securitization products. The fourth is to improve the credit information system of private enterprises.

The reporter of China Business News recently learned that Decai Yang, a member of the Chinese People's Political Consultative Conference, director of the Institute of Private Economy of Nanjing University and a professor at the Business School of Nanjing University, brought "Suggestions on Further Optimizing the Policy Environment to Promote the Steady Development of the Private Economy" at the two sessions this year.

Private economy is an important force to promote national economic growth. Relevant data show that the private economy contributes more than 50% of tax revenue, more than 60% of GDP, more than 70% of technological innovations, more than 80% of urban employment and more than 90% of enterprises.

"In recent years, in order to promote the healthy and sustainable development of the private economy, governments at all levels have introduced many policies and measures, and the business environment for the development of the private economy has been greatly improved. However, since the outbreak of the new crown pneumonia epidemic, the enthusiasm of private investment is not high, and it is an indisputable fact that the development of the private economy has stagnated. " Decai Yang said that this is not only related to changes in the domestic and international market environment, but also related to the policy environment.

So how can we better promote the further optimization of the policy environment and the steady development of the private economy under the normalization of the epidemic?

The reporter noted that in Decai Yang's proposal, he put "accurately formulating policy mechanisms, effectively promoting policy implementation, and creating a fairer and fairer business environment" at the top of the proposal, and wanted to "improve the mechanism for entrepreneurs to participate in enterprise-related policy formulation, adhere to the principles of' problem-oriented' and' finding pain points', fully understand and listen to the actual needs of entrepreneurs, and make enterprise-related policies more in line with local reality".

Decai Yang also believes that it is necessary to "promote the efficient implementation of various policies to promote the development of the private economy, authoritatively publish a list of policies related to enterprises, broaden the channels for publicity and declaration, and improve the transparency and awareness of policies. Streamline the process of policy implementation, strengthen the tracking of policy implementation, improve the efficiency of policy implementation, and let private enterprises enhance their sense of policy acquisition. At the same time, we should "promote the implementation of fair competition review system, and clean up and revise policies and regulations that hinder fair competition in private enterprises." "

In addition, Decai Yang also emphasized "continuing to deepen the reform of decentralization, combining decentralization with management, improving the normalized service system of government-enterprise contact", "deepening the action of reducing burdens, increasing assistance" and "cultivating the innovation platform for small and medium-sized enterprises".

For example, in the proposal of "deepening the action of reducing burdens, increasing assistance, broadening the financing channels of private enterprises and improving risk mitigation measures", Decai Yang believes: "First, continue to carry out the action of' sunshine reducing burdens', strictly implement the policies and measures of governments at all levels to reduce burdens and reduce costs, eliminate waste and simplify administration, strengthen the follow-up supervision of the implementation of various burden reduction measures, and effectively reduce the burden on enterprises."

"The second is to support enterprises with mature conditions to carry out standardized shareholding system transformation and promote high-quality enterprises to actively connect with the capital market. Strengthen' bank-enterprise cooperation' to build a bank-enterprise docking platform, gradually increase the proportion of credit loans and expand the scope of loan collateral. " Decai Yang believes that by "promoting the credit resources to be inclined to technology-based, innovative and growth-oriented enterprises, we can tailor financing credit service products for small and medium-sized enterprises".

Decai Yang also believes that at the same time, it is necessary to "support high-quality private enterprises and listed companies in bond financing and equity financing, set up a stable development fund for listed companies, and guard against liquidity risks of listed companies. For enterprises with good main business and short temporary capital chain, coordinate financial institutions to ensure reasonable capital demand; For enterprises that repay the principal and interest normally, they shall not stop lending, withdraw lending, pressure lending or cut off lending at will, and shall not attach unreasonable credit conditions. "

Decai Yang also emphasized "cultivating innovation platform for small and medium-sized enterprises, giving full play to the bridge role of trade associations and chambers of commerce, and enhancing the attraction to talents". He believed that suggestions could be accelerated by "strengthening planning and layout, speeding up the construction of small and medium-sized enterprise parks according to the development foundation of leading industries in various regions" and "actively creating a relaxed environment conducive to the survival and development of trade associations".

Finally, Decai Yang said, "In addition to strengthening the talent policy, we should also meet the higher-level needs of talents' medical treatment, children's schooling, innovative platform construction, life and leisure, academic exchanges and interpersonal communication, and enhance the sense of belonging of talents". ;