The Hainan provincial government announced today 26 specific measures to support the development of the private economy, which also mentioned that those involved in the case of private entrepreneurs will not be arrested if they can not be arrested, if they can not be prosecuted, and if they can not be sentenced to real punishment, they will not be sentenced to real punishment. .

The picture shows the aerial photo of Hainan Province.

(AFP)

[Central News Agency] When the Chinese authorities are fully boosting the confidence in the development of private enterprises, the Hainan Provincial Government today announced 26 specific measures to support the development of the private economy. Those who sue are not prosecuted, and those who can not be sentenced to real punishment are not sentenced to real punishment.

On the 28th, the official website of the Hainan Provincial Government announced "Several Measures to Support the Development of the Private Economy."

It mentioned that it is necessary to create a fair and just rule of law environment.

Carry out a special action to supervise cases involving private enterprises and examine the necessity of custody, and identify and correct cases that infringe on the legitimate rights and interests of private enterprises and entrepreneurs.

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The "Measures" emphasize the implementation of the criminal justice policy of less arrests, more prosecutions, and more careful detention. Private entrepreneurs involved in the case will not be arrested if they can't be arrested, if they can't be prosecuted, and if they can't be sentenced to real punishment, can they not be sentenced? Those who continue to be detained shall be released in a timely manner or the compulsory measures shall be changed.

The "measures" also require the establishment of a long-term mechanism for preventing and clearing up the accounts owed to private enterprises, and to prevent and correct the default of accounts owed by state agencies, public institutions, and state-owned enterprises to market entities.

The "Measures" also proposed a number of financial incentives and subsidies for private enterprises.

Among them, before December 31, 2025, if the listing application of a local company is accepted by the China Securities Regulatory Commission or the stock exchange, a reward of RMB 1 million (about NT$44 million, the same below) will be given; 5 million yuan reward.

The "measures" announced today also include comprehensively boosting the confidence in the development of the private economy, continuously optimizing the development environment of the private economy, improving the guarantee of elements for the development of the private economy, making every effort to promote the development competitiveness of private enterprises, further stimulating the vitality and potential of private investment, and diversifying from multiple sources. Provide six parts, including private economic financing support, with a total of 26 specific measures.

According to the Hainan authorities, this is to thoroughly implement the important expositions of the General Secretary of the Communist Party of China Xi Jinping on the development of the private economy and the spirit of important speeches and instructions during his inspection of Hainan, and to fully implement the spirit of the 20th National Congress of the Communist Party of China and the various regulations of the Central Committee of the Communist Party of China and the State Council on supporting the development of the private economy. This policy will promote private enterprises to boost confidence, transform and upgrade, develop healthily, and deeply integrate into the construction of Hainan Free Trade Port.

On March 6, when Xi Jinping visited members of the National Committee of the Chinese People's Political Consultative Conference of the Democratic National Construction Association and the Federation of Industry and Commerce, he emphasized that private enterprises and private entrepreneurs are the key to the long-term governance of the Communist Party of China, unite and lead the people of the whole country to achieve the "two centenary goals" and the great rejuvenation of the Chinese nation. The important power of the dream is "one's own people". We must "guide private enterprises and private entrepreneurs to eliminate their worries, let go of their burdens, and develop boldly."

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