The Implementation Seminar on the Promotion of Private Economy was held in Beijing. Bai Wenxi interpreted the "Tripe" implementation guarantee system

On June 7, 2025, the Implementation Seminar on the "Private Economy Promotion of Private Economy" sponsored by the Finance and Economics Professional Committee of the Chinese Society of Behavioral Law, China Economic News Network, Beijing Lawyers' Law Research Association, and supported by the People's Rule of Law Magazine and the China Law Museum was held in Beijing. Bai Wenxi, vice chairman of the China Enterprise Capital Alliance and chief economist of China, delivered a keynote speech on "building a 'three-in-one' "Private Economy Promotion Law" implementation guarantee system", systematically explaining the core points and practical paths of law implementation.

Bai Wenxi pointed out that the "Private Economy Promotion Law" is the world's first special legislation on the private economy. It draws the bottom line of rights protection based on the "three prohibitions" clauses (prohibiting infringement of corporate rights and interests, prohibiting abuse of administrative power to interfere in the market, prohibiting violation of procedural justice), and achieves the unity of legal flexibility and adaptability through a dynamic adjustment mechanism for the negative list. Institutional innovation covers central-local binary coordination, legalization of differentiated regulatory indicators, and central vertical management of market access, among which policies such as "30% purchase subsidy for the first set" directly empower enterprises' technological innovation.

In response to the difficulties in implementation, Bai Wenxi analyzed the three institutional gaps: there are formal problems in financing support, the non-performing loan rate of private enterprises (1.8%) is higher than that of state-owned enterprises (1.2%), and there are obstacles to the implementation of special quotas; innovation incentives face a "glass ceiling", the proportion of private enterprises undertaking national key R&D plans (17%) is lower than that of foreign enterprises (32%), and the "focus on equipment and neglected talents" (the proportion of equipment purchase exceeds 60%) restricts vitality; there is an execution gap in equity protection. In the first quarter of 2025, unjust cases involving private enterprises increased by 38% year-on-year, and cases of seizure of assets in other places surged by 210%, reflecting the risk of "institutional idleness". In addition, the implementation of the negative list shows that there is a "dual world of ice and fire": the list of foreign investment access in the free trade zone has been reduced by 72%, but hidden barriers in some industries (such as the "local enterprise priority" clause of the hydrogen energy industry in a certain province), and the "sudden policy changes" in environmental protection review have caused fluctuations in investment confidence in private enterprises.

Focus on solving the implementation difficulties, Bai Wenxi proposed a "three-in-one" guarantee framework: the legislative dimension needs to improve the "Implementation Rules", establish an annual revision of the negative list + temporary adjustment mechanism, and a policy hearing system covering 80% of key industries, and it is recommended to introduce a "legislative cost-benefit analysis system"; the judicial dimension can establish a national-level private economy judicial protection center, open a green channel for cases (trial period ≤ 60 days), and implement it The expert jury system (economist/entrepreneur account for ≥40%) is benchmarked against the efficient practice of the commercial case trial period of Shenzhen Qianhai Court from 120 days to 45 days; the administrative dimension should build a national unified enterprise service cloud platform, integrate 238 enterprise-related approvals (time limit is reduced by 70%), promote Guangdong's "one thing at one time" reform (the fastest 10 minutes for enterprise establishment), and achieve a 92% policy matching accuracy rate with "AI policy assistant".

Talking about future direction, Bai Wenxi said that the core value of the "Private Economy Promotion Law" lies in stabilizing market expectations through institutional iteration. In the short term, it can promote the establishment of the "Private Economic Promotion Bureau" directly under the State Council. In the medium term, the legislation determines that September 25 of each year is "Entrepreneur Day". The long-term goal is to build a "Chinese-style modern business law system." "The legal system is not a shackle that binds innovation, but a ballast for the private economy to ride the wind and waves." He emphasized that only by transforming the legal text into an implementable, perceived and predictable institutional dividend, and implementing "institutions focus on technology, the rule of law is better than preferentiality, and implementation is better than declarations", can we build a solid foundation for the qualitative change of China's market economy.