Two departments: Reduce institutional trading costs, optimize the investment and financing environment for the private economy

The Ministry of Justice and the National Development and Reform Commission have issued the "Draft for Soliciting Opinions on the Promotion of the Private Economy Law of the People's Republic of China", aiming to improve the investment and financing environment for the private economy and reduce institutional transaction costs. The draft emphasizes supporting the participation of the private economy in major national strategies, improving the market-based risk-sharing mechanism for financing, encouraging technological innovation, and promoting the development of new industries and models. At the same time, it safeguards the intellectual property rights of private economic organizations and their rights to participate in standard setting