Study the “Opinions” to strengthen confidence, clarify our direction, and achieve new splendor.

Release Date:

2023-07-22

On July 19, the CPC Central Committee and the State Council issued the “Opinions on Promoting the Development and Growth of the Private Sector.” The release of these Opinions came as a bolt from the blue in winter, stirring widespread enthusiasm and profound inspiration, and eliciting an enthusiastic response throughout Pengfei Group, where a fervent wave of study and implementation has swiftly taken hold.

On July 22, Pengfei Group convened a study and discussion meeting on the “Opinions,” focusing on implementing these guidelines to help private enterprises and the private sector embark on a steady path of growth and development, ensuring long-term stability and sustainable progress. Zheng Peng, Chairman of the Board and President of Pengfei Group, along with all cadres and employees from each business unit, regional subsidiary, and factory or mine, attended the meeting in person or via video link.

After listening to expert interpretations, conducting a collective study of the full text of the “Opinions,” and hearing remarks from representatives of heads of various systems, Zheng Peng pointed out that every word and phrase in the “Opinions” is precisely calibrated and clearly oriented, providing us with precise definitions for matters that were previously unclear or misunderstood—things we once dared not contemplate or undertake. First and foremost, it unequivocally affirms the private sector’s role as a vital driving force in advancing Chinese‑style modernization. For the past 30 years, Pengfei has consistently adhered to one guiding principle: the law. Over these three decades, it has steadfastly complied with all laws and regulations, never crossing any red lines, ensuring that every member of the Pengfei family can live and work in peace, share in the dividends of corporate growth, and embrace a professional outlook, set of values, and life philosophy that are confident, grounded, and future‑oriented.

Zheng Peng pointed out that the “Opinions” unequivocally encourage private enterprises to grow bigger, better, and stronger while adhering to laws and regulations, clearly affirming that such expansion is not only permissible but also actively encouraged. By providing multi‑layered, multidimensional support—covering legal safeguards, a favorable business environment, financing mechanisms, talent‑development systems, integrity‑based oversight, and digital transformation—the document charts a clear course for the development of the private sector. The “Opinions” specifically emphasize fostering a public discourse that respects the innovation and entrepreneurship of private enterprises and the private economy, enhancing entrepreneurs’ sense of honor and social value, and rigorously cracking down, in accordance with the law, on extortion tactics that exploit negative public sentiment. They also call for supporting private enterprises in fulfilling their social responsibilities more effectively and for encouraging and guiding private-sector leaders to become pragmatic drivers of development and dedicated contributors to the new era, thereby once again bolstering Pengfei’s resolve and confidence to expand, improve, and strengthen its position.

The national strategy is the overarching strategic framework guiding Pengfei’s development. Zheng Peng emphasized that, to achieve growth, Pengfei must operate under the guidance of this national strategy, boldly seize opportunities, and fully leverage its strengths, ensuring that every industry in which it operates is expanded, refined, and strengthened. Pengfei’s guiding principles and development strategies—its vision and actions—are all closely aligned with the “Opinions,” clearly demonstrating that the path Pengfei is currently pursuing is both bright and sound.

Zheng Peng stated that over the past 30 years, Pengfei has benefited from the favorable opportunities and sound policies of the Party and the state. Today’s learning session is intended to further strengthen the confidence of all Pengfei employees: with our 30,000 staff, we enjoy not only the Group’s support and organizational safeguards, but also the backing and protection of the nation. For Pengfei, which aspires to build a century‑long enterprise, there has never been a more promising situation or environment than today—something we should truly celebrate. From its beginnings 30 years ago with just 25,000 yuan in assets to today’s hundred‑billion‑yuan fortune, and now poised to start anew at this scale, the next three decades will be a pivotal period for us—advancing our business, leading the industry, and achieving high‑quality development. When enterprises share the same destiny as the nation and grow together, our lives are filled with value and meaning, and our future will march from one triumph to even greater ones.