No.192

Share of equal treatment by “State-owned” and “Private” enterprises to jointly fulfill China Dream
ReleaseDate: 2013-04-10

From March 5 till March 17, Chairman of JuneYao Group Wang Junjin for the first time attended the national “Two Sessions” held in Beijing as delegate to the National People’s Congress, and submitted a total of three suggestions and one proposal. They are respectively “Suggestion on further relaxing access, and stimulating private investment vitality”, “Suggestion on regularly compiling state balance sheet”, “Suggestion on establishing deposit insurance system, speeding up the development of private financial institutions” and the “Proposal to Amend the Arbitration Law”.

During the session, Delegate Wang Junjin actively contributed suggestions, and honestly performed his duty. He said that one key path to fulfill the “China Dream” is to keep national economy on the track of steady and continual growth, develop economy, improve national strength and enrich the people. Regardless of state-owned enterprises or private enterprises, they are both social cells and important sources for driving the sustainable development of Chinese economy. State-owned economy and private economy must develop a development pattern of mutual promotion and mutual enhancement, share equal treatment in terms of policy, enjoy uniform criteria in terms of access; it is necessary to promote fair and orderly market competition so as to improve the efficiency of the whole society and the growth of value.

Delegate Wang Junjin recommended, “Regarding reform with non-marketized means which has developed over a long period, it is necessary to make the determination and overcome the difficulty”. To allow private investment join market competition fairly, and enjoy equal access criteria, it is then necessary to further reduce approval items with high level of “gold content”, strictly implement the relaxation of investment access. Ensure accurate implementation of the central government’s reform; the central government is suggested to set up “Reform Supervision Committee” so as to use system to restrict power. Supervise relevant approval departments to compile annual approval summary report, quantify approval items one by one, and copy to delegates to the “Two Sessions” for review and discussion; Specially add “promoting development of private capital” function.

He suggested to make breakthrough in financial and other sectors, relax restriction on private capital in holding equity percentage of financial institutions, introduce deposit insurance system to prevent risks, speed up the development of private financial institutions and set up pilot projects in areas where conditions permit; further remove discrimination against ownership, for laws that facilitate private investment such as the Property Law and the Anti-monopoly Law, it is necessary to duly strengthen execution efforts so as to create good opinion environment and establish correct orientation that both state-owned enterprises and private enterprises are market entities for promoting economic and social progress. “Deepening reform in economic system needs decision basis.”

Wang Junjin also suggested that, in order to grasp the panorama of the national economy, and provide reliable foundation for deepening reform and top-level design, the government needs to regularly compile and publish a balance sheet of state assets, in this way it can clarify the country’s asset condition, increase the transparency of national capital management and visualize the long-run cost of short to mid economic policy.

Delegate Wang Junjin considered that rule by law has always received high level of concern from the central government; after listening to the NPC Chairman’s report and work reports of the Supreme People's Court and the Supreme People's Procuratorate, he saw that China had made remarkable achievements in legal construction in the past 5 years, he also saw the determination of the central government in future rule by law and governing by law. But survey showed that some law articles could no longer meet the needs of economic and social development, and consequently need further clarification, supplementation or amendment. Wang Junjin submitted the “Proposal on Amending ‘Arbitration Law’” jointly with other 31 delegates.

Scenes from the “Two sessions”:

General Secretary Xi: Still engaged in the milk business?

On the afternoon of March 5, General Secretary Xi Jinping came to Shanghai Delegation to review the government work report together with the delegates, he wished Shanghai to develop overall vision, highlight priorities, diligently explore the road of scientific development with Chinese characteristics, features of current era, and distinctive Shanghai qualities, become a pacesetter in the national reform and opening up and a pioneer of scientific development. The important speech delivered by General Secretary Xi inspired me to further realize the reform target and determination of the central government, a warm flow of excitement welled up in my heart!

Afterwards, General Secretary Xi also shook hands with all delegates one by one, and asked questions affectionately. When shaking hands with me, the General Secretary asked with concern: “are you still engaged in the milk business?” I said: “Yes. There are also aviation, commercial retailing and education businesses.” General Secretary nodded with a smile. Secretary of CPC Shanghai Committee Han Zheng added with a smile: “His airline business is booming.”

(The above is based on Wang Junjin’s oral account)