27 new measures to promote the development of non-public economy

With the promulgation of the "Implementation Opinions on Promoting the Rapid and Sound Development of the Privately-Owned Economy and Other Non-Public Ownership Economy in Shanxi Province," Shanxi Non-Public Chemical Enterprises have a more relaxed environment.
According to reports, Shanxi's chemical industry has a good momentum of development, but its overall strength is still among the 17th to 18th in the country. The proportion of sales revenue in the chemical industry is only about 10%. In particular, non-coalized companies generally have the problems of small scale, poor technical equipment, and constraints of funds and talents. With the implementation of the “Accelerate the Development of a Three-year Advancing Plan for Coal Chemical Industry with Shanxi Advantage”, a large number of non-public chemical companies have participated in the coal chemical industry cluster in Shanxi, and a more relaxed external environment is urgently needed.
Non-public chemical companies in Shanxi believe that among the 27 specific implementation plans, the most striking one is the relaxation of restrictions on the registered capital and the proportion of capital contributions. For example, allowing limited capital companies to invest in the establishment of non-public capital limited company registered capital in place; relaxation of intellectual property rights, non-patent technology capital ratio restrictions and private limited company's proportion of foreign investment; allowing other property rights, such as equity, according to the legal price for investment. In addition, the implementation opinions also guide and support conditional individual and private enterprises to participate in the reform, restructuring and transformation of state-owned enterprises, develop new-type mixed-ownership enterprises, and guide and support individual and private enterprises in custody, contracting, leasing, or acquiring state-owned, loss-making SMEs; guidance and support Individual and private enterprises participate in industrial technological transformation and develop environmentally friendly, ecological, and export-oriented industries.
Shanxi non-public chemical companies generally welcomed these measures. Several large-scale private coking enterprises in Linyi City indicated that they will attract talents through the form of intellectual property rights. Some companies also expressed their confidence in participating in state-owned enterprises.

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