Sansha Satellite TV:

Hainan's foreign trade has shown strong momentum in recent years, with private enterprises becoming the main force behind this expansion. Could you elaborate on the measures Hainan is taking to promote the development of the private economy? Thank you.

Chen Jiyang:

The private economy in Hainan can be summarized by the figures "8-6-9-9-9." To date, Hainan is home to 3.8 million private businesses, which contribute over 80% of the province's tax revenue, nearly 60% of its GDP, and about 90% of employment opportunities, among which 90% are high-tech enterprises. Private businesses account for 97% of all business entities in the province, underscoring that the private sector is an indispensable force in the construction of the Hainan FTP and a focal point in improving Hainan's business environment.

Hainan is committed to unswervingly consolidating and developing the public sector and unswervingly encouraging, supporting and guiding the development of the non-public sector . We are dedicated to creating a favorable environment for the private sector by improving the system of fair competition, treating all types of business entities equitably, and enhancing support for the private economy and private businesses. Our main efforts are concentrated in the following three areas:

First, we are strengthening policy guidance. We have developed 26 specific measures to support the development of the private economy, focusing on six aspects including enhancing the confidence of private enterprises. These measures include integrating support and encouragement indicators for the private economy into the economic and social development plans at all levels across the province, as well as into comprehensive performance assessments of high-quality development at the municipal and county levels .

Second, we are improving our institutional framework. We have meticulously implemented the Regulations of Hainan Free Trade Port on Fair Competition , the country's first local regulation on fair competition, and continuously conducted screenings and cleanups of explicit and implicit barriers to market access. We have introduced a series of machine-assisted reforms, such as machine-assisted planning and bidding processes, ensuring that private economic entities can compete on an equal footing. Taking the machine-assisted bidding system as an example, we have innovatively implemented a fully digital transaction process for bidding and government procurement. As of the end of 2023, these transactions amounted to 15.52 billion yuan. Among the 276 bidding sections completed last year, the number of participating bidding entities per unit section increased by 12.4 times. In the past, these numbers were often in single digits; now, they generally reach double digits, and in some bidding sections have reached triple digits, indicating a rapid increase in the participation of private economic entities.

Third, we have enhanced service efficiency. The private sector is an important target of our enterprise services. Last year, the province embarked on a comprehensive survey and service campaign for enterprises above the designated size, delivering policies, services, and solutions to enterprises, with private businesses accounting for 38% of the total. This year, we will continue to carry out special service actions targeting 10,000 enterprises, with private enterprises expected to account for nearly 90%. Thank you.