The National Development and Reform Commission and other two departments: support private economic organizations to participate in major national strategies and major projects

On October 10, the Ministry of Justice and the National Development and Reform Commission announced the "Private Economy Promotion Law of the People's Republic of China (Draft Exposure Draft) " on the portal website. The draft emphasizes improving the investment and financing environment. Support private economic organizations to participate in major national strategies and major projects, establish and improve the market-based sharing mechanism for financing risks, optimize the investment and financing environment of the private economy, and reduce institutional transaction costs. Support private economic organizations to play an active role in the development of new productive forces, encourage private economic organizations to participate in national scientific and technological research, support capable private economic organizations to take the lead in undertaking major technical research tasks, ensure that private economic organizations participate in standard setting and the development and utilization of public data resources in accordance with the law, and strengthen the protection of their intellectual property rights.