The State Council Information Office held a press conference in the morning, where the National Development and Reform Commission and other departments introduced relevant information about the promotion of private economy law.

On the morning of May 8th, the State Council Information Office held a press conference on the "Promotion Law of the People's Republic of China on Private Economic Development". The key points of the press conference are as follows: Zheng Bei, Deputy Director of the National Development and Reform Commission: - The winning rate of private enterprises from January to April this year increased by 5 percentage points compared to last year. - This year, quality projects with a total investment scale of approximately 3 trillion yuan will be launched. - Efforts are being made to improve the long-term mechanism for private enterprises to participate in the construction of major national projects. - A number of supporting systems for the Promotion Law of Private Economy are being expedited. Cong Lin, Deputy Director of the China Banking and Insurance Regulatory Commission: - In the past five years, the average annual growth rate of loans to private enterprises has been 1.1 percentage points higher than that of other loans. - Through the coordination mechanism to support financing for small and micro enterprises, new loans totaling 12.6 trillion yuan have been issued to small and micro enterprises. - 74 private equity investment funds have been established to support investment in technology innovation enterprises. Wang Zhenjiang, Deputy Minister of the Ministry of Justice: - The Promotion Law of Private Economy has achieved many "firsts", which will boost the confidence of operators of private economic organizations. - The Ministry of Justice will urge all regions and departments to increase their efforts in investigating and handling violations of administrative law enforcement. - Efforts will be made to speed up the research and formulation of regulations on administrative law enforcement supervision and to establish a sound long-term mechanism for supervising administrative law enforcement involving enterprises. - Fair competition, promotion of investment and financing, and standardized operation are considered by all parties to be the prominent issues facing the development of private economy.