David Yu takes part in the seminar of the leaders of private enterprises in Shanghai offering advice and suggestions for the development of private sector

On the morning of October 25, Li Qiang, Secretary of the Shanghai Municipal Party Committee, chaired a seminar for the leaders of private enterprises. He shared General Secretary Xi Jinping's series of important instructions on the development of private enterprises, and listened in detail to the report of current development of private enterprises, as well as suggestions on the economic and social development of Shanghai. Li Qiang emphasized that we should thoroughly implement General Secretary Xi Jinping's important instructions, give full support to the development of private enterprises, help enterprises solve problems and create a fair market environment. It is hoped that private enterprises will firmly believe in economic development, strengthen their core business, continue to promote innovation and flourish in Shanghai.

Ying Yong, Deputy Secretary and Mayor of Shanghai Municipal Committee attended and spoke at the seminar. Yin Hong, Deputy Secretary of the Shanghai Municipal Party Committee, Zhou Bo, Standing Committee Member and Executive Vice Mayor of the Shanghai Municipal Party Committee, Zhuge Yujie, Secretary-General of the Shanghai Municipal Party Committee, attended.

Private enterprises make important contributions to Shanghai's economic and social development.

Chang Zhaohua of Shanghai MicroPort Scientific Corporation, Tang Liang of Ossen Group, Wang Junjin of Shanghai JuneYao Group, Guo Guangchang of Fosun International Limited, Liu Yongxing of East Hope Group, David Yu of Yunfeng Capital, Tan Jianfeng of Shanghai Zhongren Network Security Technology, Jin Ming of Shanghai Video++ Network Technology, Xu Shilong of Shanghai Geoharbour Construction Group and Wang Renjie of Shanghai IvisionLab spoke at the seminar.

David Yu said in his speech that although the macro economy is facing many challenges, the capital market has encountered a difficult situation, and private enterprises are facing great pressure on the capital level, Yunfeng still maintains healthy and sustainable development, and holds a positive attitude towards the prospect of economic transformation and upgrade in Shanghai and in China. To address issues during the current stage of economic development, David Yu also puts forward a series of suggestions, such as effectively reduce the operating cost of enterprises, increase financial support, promote innovative research and development, promote talent acquisition.

The leaders of other private enterprises at the seminar also shared current development of their enterprises and the main difficulties they are facing, and put forward suggestions on relaxing market access and strengthening the protection of intellectual property rights.

Li Qiang and Ying Yong listened carefully, discussed issues of shared concern, and fully affirmed the important contribution made by local private enterprises to the economic and social development of Shanghai. Li Qiang said that the Municipal Party Committee and the Municipal Government have always focused on the development of the private sector and the growth of entrepreneurs, and highly value suggestions put forward by the entrepreneurs, and will constantly work on creating a better environment for the private enterprises.

Effectively solve the outstanding problems faced by private enterprises, and take concrete measures to provide support.

Li Qiang pointed out that private enterprises are an indispensable force in Shanghai's economic and social development and an important embodiment of the vitality of the city's economy. In recent years, the development of private enterprises has shown a good momentum, played an important role in stabilizing growth, promoting innovation, increasing employment and improving people's livelihood. In accordance with the important instructions of General Secretary Xi Jinping, we should implement the central decision, and continue to support the development of private enterprises. Despite the complex and changeable external environment, we should solve the outstanding problems faced by private enterprises, take concrete measures to provide support.

Create a fair market environment, eliminate explicit and implicit barriers.

Li Qiang emphasized that we should continue to optimize the business environment, vigorously promote government services "one network for all", provide better service to enterprises, and make the business environment an important soft power and core competitiveness of Shanghai. Get in touch with the grass-root, listen to the opinions of enterprises, help to identify pressing issues. We should strengthen policy implementation, ensure that the policy is effective and beneficial to the enterprises. We should create a fair market environment, rationalize market access, remove unreasonable regulations, eliminate various explicit and implicit barriers, and provide fair and equal opportunities to all types of enterprises.

We must firmly believe in economic development and proactively deal with difficulties and challenges..

Li Qiang pointed out that Shanghai is speeding up the construction of "five centers", an outstanding global city and a modern international metropolis with world influence to enhance the city's core competitiveness. It is hoped that private enterprises will make joint efforts to achieve greater development and make greater contributions on these big strategies and platforms. We must firmly believe in economic development, proactively deal with difficulties and challenges, and grow our enterprises. We should strengthen and pour resources onto our core businesses, focus on the transformation and upgrading of the core business, and advance to the upstream of the industrial value chain. We should firmly believe in innovation and development, strengthen research and development of core technologies, accelerate the transfer of technologies, and constantly improve the core competitiveness of our industries.

Continue to push ahead with tax and fee cuts, and to optimize the business environment.

In his speech, Ying Yong pointed out that private sector plays an important part of China's economic system, its importance is self-evident; private sector is also an important force in Shanghai's economic and social development, its importance to Shanghai's development is self-evident. We should fully implement the decision of the Party Central Committee and the State Council. We will unswervingly build a “close” and “clear” relationship between the government and private sector, establish equal standards for all market participants, continue to push ahead with tax and fee cuts, and to optimize the business environment, to help private enterprises solve practical issues and support private enterprises to innovate, upgrade, and grow.

Leaders of District Chamber of Commerce and trade associations also attended the seminar.