In order to address the issues of private sector development and optimize the business environment, Bazhong, Sichuan province, has implemented a series of policies to promote the growth of the private economy.

Incremental expansion of financing services

The city has expanded the scale of such products as "Trustworthy Loans" and "Supporting Small and Medium Enterprises" to promote the sharing of information between private enterprises and financial institutions regarding public accumulation funds, real estate, and utility bills. The risk-sharing mechanism has been improved, and the online financing platform "Tianfu Credit Union" has been utilized effectively.

By the end of August, a total of 2,589 financing agreements had been reached, with a total amount of 21.85 billion yuan ($3.05 billion). Local banks have provided 4.91 billion yuan in credit support for 66 key projects at the municipal level, with new loans totaling 3.88 billion yuan. In addition, they have extended 2.4 billion yuan in credit to support the credit expansion of private micro and small enterprises, representing a year-on-year increase of 1.59 billion yuan.

Classified clearance of overdue payments

A mechanism for the classification and resolution of accounts receivable has been established. For disputes over unpaid debts, both parties are urged to resolve them through negotiation or legal means. For undisputed debts, both parties are encouraged to reach repayment agreements as soon as possible. For undisputed debts with reached agreements, a reverse work schedule and weekly scheduling have been implemented to ensure timely payment according to agreements.

Efforts have been made to improve the collection of credit information, the implementation of joint rewards and punishments, and the establishment of a social credit system to punish malicious cases of non-payment that increase the burden on enterprises.

A total of 31.93 million yuan in disputed debts has been resolved and repaid, and 13.23 million yuan in undisputed debts has been prevented and resolved. The level of undisputed debts below 500,000 yuan has reached zero.

Enhancing quality and efficiency of talent support

Channels for talent flow to private enterprises have been opened up, and policies and mechanisms for file transfer and social security continuity have been improved. Support has been provided for vocational colleges and private vocational training institutions to establish cooperative training mechanisms with private enterprises. Over 1,500 skilled talents are trained and cultivated by enterprises each year.

Entrepreneurship support has been increased, with a total of 3.36 million yuan in start-up subsidies and 190.86 million yuan in entrepreneurship guarantee loans having been issued. Efforts have been made to attract talent through comprehensive planning and exploring the model of "attracting talents through official recruitment and business use". The success rate of attracting talent to enterprises has been increased to 67%.

Accurate and direct policy promotion

Efforts have been made to address the issues of policy implementation gaps, insufficient guarantees for resources, and multiple redundant inspections. Through such platforms as "Policy Anchors Explain", "Policy Special Columns", and the "Sichuan Private Economy Comprehensive Service Platform", a total of 225 articles on "Policy Clarification Cards" have been dynamically released over six periods. Six episodes of "Policy Anchors Explain" have been broadcast, and one edition of "1+2" policy comic interpretation has been published. A total of 36 live streams on Douyin have been conducted, and more than 190,000 people have participated in policy learning both on and offline.