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Hunan Attaches Great Importance To The Development Of Private Economy, The Data Shows Its Weight, And The Measures To Solve The Problem Attract Attention

China News Service, Changsha, February 25 (Reporter Liu Shuangshuang) On February 24, Hunan held a province-wide action deployment conference to promote the development and growth of the private economy and the Year of Enterprise Service. At this "first meeting of the New Year", hundreds of private entrepreneurs and representatives of chambers of commerce were sitting in Seat C of the venue; at the scene, Hunan announced that 2026 would be the year of corporate service; after the meeting, provincial leaders shook hands with entrepreneurs one by one and said goodbye – this all sent a clear signal that Hunan attaches great importance to and supports the development of the private economy: to respond to the practical concerns of the private economy with institutionalized service supply.

Why is the private economy placed in such an important position?

For the private economy in Hunan, a set of "57999" data is enough to give a glimpse of its importance: it contributes about 50% of the province's tax revenue, about 70% of the regional GDP, more than 90% of technological innovation results, more than 90% of urban labor employment, and more than 90% of the number of business entities.

Official data shows that in 2025, the added value of Hunan's private economy will reach 3.80 trillion yuan, a year-on-year increase of 4.8%; private investment will account for 65.2% of all investment, ranking among the top in the country. The National On-site Meeting to Promote the Development and Growth of the Private Economy will be held in Changsha in 2025. Hunan has provided a fresh example for the development of the national private economy and private investment.

These data reveal a basic fact: if the private economy is stable, the Hunan economy will be stable.

How to stabilize? Hunan's choice is to take the lead in solving the problem in terms of institutional mechanisms: in 2025, the Hunan Provincial Private Economic Development Bureau (Hunan Provincial Business Environment Construction Bureau) will be established at the provincial level at the provincial level, becoming the first provincial unit in the country to assume dual functions; 14 cities and states have established specialized work agencies for the private economy relying on the development and reform departments, forming an organizational system covering provinces and cities.

In terms of policy, Hunan is doing both "addition" and "subtraction". Comprehensively clean up the current policy documents and formulate a list of "three batches" of enterprise-related policies: 90 were abolished, 19 were implemented and implemented, and 28 were newly introduced; the "Hunan Provincial Private Enterprise Support Policy Manual (2025)" was compiled and printed to allow private enterprises to go into battle lightly and develop with ease.

By defining 2026 as the "Enterprise Service Year", what problems does Hunan need to solve?

"It is necessary to carry out the annual service year action for enterprises with problems as the target, continuously improve the sense of benefit from policies that benefit enterprises, step up the clearing of arrears to private enterprises, and effectively reduce the cost of using resources." Shen Xiaoming, secretary of the Hunan Provincial Party Committee, clearly stated at the meeting that intermediary services should be further standardized, strict standardization of enterprise-related law enforcement inspections, efforts should be made to promote fair participation of private enterprises in market competition, continue to open channels for private enterprises to reflect their demands and solve problems, actively build pro-Qing government-business relationships, and sincerely solve the problems that are blocking points and pain points that enterprises have strongly reported.

Judging from the content of Hunan Province's "Enterprise Service Year" action plan, its direction is clear: using the "Four Major Actions" as a framework, services will be refined into specific operable and traceable matters.

——The "Society-wide Respect Business and Enterprise Action" attempts to solve the institutional problem of government-enterprise communication. The plan proposes to establish a "Hunan Entrepreneur Day" in accordance with the law, fully implement the system for leading cadres to contact enterprises and business associations, and transform government-enterprise interaction from "emotional contact" to "mechanical guarantee."

——The "Full-cycle Service Enterprise Action" focuses on breaking through the blocking points in the entire life cycle of enterprises. From "AI empowered business establishment" for market access, to reforms such as mixed land use and flexible land supply for factor supply, to the "simple cancellation system" for exit, the coverage of the plan shows that Hunan is trying to build a complete service closed loop from entry to exit.

——The "Full Chain Empowerment Industry Action" extends the vision from a single enterprise to the industrial chain. Institutionalized implementation of "chain growth to the front line", strengthening industrial chain collaboration, helping to improve the quality of the value chain, and optimizing the spatial chain layout are intended to solve the "stuck point" problem of small and medium-sized enterprises integrating into the supply chains of large enterprises.

——The "all-round rights protection action" points to a legalized business environment. The plan clearly proposes to standardize enterprise-related administrative law enforcement, clean up arrears of enterprise accounts, and severely crack down on enterprise-related online infringements. Among them, Hunan's "machine management bidding" reform has achieved initial results – the winning rate of private enterprises has increased from 73.6% to 82.9%.

It can be seen that every item of Hunan's "Corporate Service Year" action plan directly addresses the pain points and makes targeted efforts, so that the policy can truly move from the "file cabinet" to the "production line".

Looking at a deeper level, the development of the private economy depends on policy dividends in the short term and institutional supply in the long term. In the context of various regions competing to optimize the business environment, Hunan's differentiated path lies in upgrading service companies from "emergency response" to "normalized mechanism."

Shen Xiaoming proposed that leading cadres at all levels should "have a high regard for entrepreneurs and show deep love." This is not only an expression of attitude, but also points to a change in the role of the government – when "responding to requests and not disturbing anything" becomes administrative consciousness, and when "getting things done, hiring people, making money, and being fully respected" becomes the common feeling of business entities, only then will the vitality of the private economy have the institutional basis for continued release.

From construction machinery to Beidou applications, from traditional manufacturing to emerging production capabilities, private enterprises in Hunan are undergoing a transformation from "scale expansion" to "value leap". In this process, the quality of government services directly affects the speed and direction of transformation.

In the first year of the "15th Five-Year Plan", Hunan answered the question of "Corporate Service Year" in an attempt to establish a more stable transmission mechanism between policy and the market. The significance of this action plan is not only relevant to Hunan, but also explores the path for high-quality development in the central region and even the whole country: when the marginal effects of "fighting for policies" are diminishing, how to reconstruct the relationship between government and enterprises through "fighting for services" and gather a strong synergy to promote the development and growth of the private economy. (over)

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