Private investment is a crucial force for stimulating domestic demand, with its vitality directly influencing the effectiveness of building a robust domestic demand system. Encouraging private capital to invest willingly, boldly, and effectively will inject sustained momentum into developing a strong domestic market, stated Jiang Haoran, a member of the National Committee of the CPPCC and Chairman of the Board of Hengyin Financial Technology Co., Ltd. Private investment serves as a key driver of effective investment and consumption upgrades, playing a significant role in boosting domestic demand.
Jiang Haoran noted that private investment accounts for more than half of the total fixed-asset investment in China. Taking the financial technology sector as an example, capital from private sources has promoted the integration of smart financial scenarios and driven the development of upstream and downstream industrial chains. Meanwhile, private enterprises possess the advantage of being close to the market, enabling them to accurately identify consumption upgrade trends and enrich the supply of consumer goods through investments in innovative products and optimized scenarios.
Hengyin Technology's continuous investments in smart financial terminals and e-commerce service platforms have achieved the effect of promoting industry through investment and driving consumption through industry, Jiang Haoran added.
To stimulate the vitality of private investment, it is essential to create a fair and predictable investment environment at the institutional level. Jiang Haoran emphasized the need to continuously break down market access barriers, implement fair competition review mechanisms, and enhance transparency throughout the bidding process. At the policy level, improving the implementation mechanism for policies such as tax cuts and fee reductions is necessary to ensure they are quickly and directly felt by investors, thereby stabilizing investment expectations.
In terms of financing, strengthening financial support, encouraging financial institutions to innovate financing products, and leveraging the guiding role of industrial funds to mobilize capital synergy are crucial. Drawing from practices in the financial technology sector, Jiang Haoran suggested establishing a "government-guided, enterprise-led" mechanism. Under this framework, the government would use industrial funds to guide capital aggregation, while private enterprises would leverage their technological and scenario advantages as the main investors. Financial institutions would provide diversified funding support, and platforms for connecting capital with projects would be established. Encouraging private enterprises to participate in public-private partnership projects would further stimulate private investment enthusiasm.
Private enterprises can focus on two major directions: consumption and industrial upgrading. They can create high-quality scenarios in service consumption areas such as culture, tourism, and healthcare, while continuing to innovate in fields like artificial intelligence and the digital economy. Additionally, activating rural consumer markets presents another significant opportunity.
As market barriers are dismantled and factor support is strengthened, the vitality of private investment will be fully unleashed, contributing more substantially to the development of a strong domestic market, Jiang Haoran stated. As a private entrepreneur, he expressed strong confidence in the investment outlook.