Increasing market vitality and optimizing the business environment is a focus of the 2019 Tianjin government report. Deputies from private enterprises to the two sessions expressed their thoughts about the government's role in these efforts.

Policies are powerful when implemented.

Zhu Tao, member of the Chinese People's Political Consultative Conference, founder and chief scientific officer of CanSinoBIO said, "CanSinoBIO has benefited from government policy support on location, building, talent recruitment, and financing since we settled in Tianjin Economic and Technological Development Zone 10 years ago." 

Bolstered by government support, CanSinoBIO has undertaken major projects of the National 13th Five-Year Plan, participating in the research and development of military special medicines and several innovative vaccines.

VaxYnethic, a tuberculosis vaccine research and development company of the Italian Menarini Group, purchased CanSinoBIO’s vaccine stock solution, which is the first time that similar products in China have entered the European market.

The city image is important.

Li Xiang, deputy to the National People's Congress and General Manager of Huaxing North Automobile Trading Co., Ltd, said Tianjin is a city with humanity and history, which is now transforming into a more attractive city with high-quality development and high-level innovation.

"I have a direct and intuitive sense of the change of the business environment after the issuing of relevant measures by the government. There are often on-site services to explain tax policies and regulations. In the past two years, we have won an IPR lawsuit, reduced operating costs, and no longer worry about financing problems since the special funds were established for our kind of innovative companies," Li said.

The law is the best reassurance for private enterprises.

Sun Taili, member of the Chinese People's Political Consultative Conference and Chairman of Tianjin Qingda Investment Group Co., Ltd, believes that it is urgent to establish a guarantee mechanism that is suitable for China's national conditions and the current stage of development to promote the sustainable and healthy development of private enterprises.

This is not only needed for the high-quality development of China's private economy, but also would serve as a powerful measure to protect private entrepreneurs.

He suggested that the financial and judicial departments, on the basis of extensive investigation and research, establish through the top-level design, a rescue guarantee mechanism to promote the sustainable and healthy development of private enterprises.

Increase financial funds to guide and support innovation and development

We were offered targeted help, which was given based on in-depth research on the difficulties in fundamental operation level and key projects of the company, said Jiang Haoran, member of the CPPCC and Chairman of Hengyin Financial Technology Co., Ltd.

He recommended that the increase of the implementation of tax reduction and fee reduction measures should continue, especially the reduction of social security rates and collection system reforms, and the balance between reduction and collection.