On December 21, the draft of the Private Economy Promotion Law was submitted to the Standing Committee of the National People's Congress for consideration on December 21. The draft consists of 9 chapters and 78 articles, mainly including eight aspects such as general requirements, fair competition, investment and financing environment, scientific and technological innovation, normative guidance, service guarantee, protection of rights and interests, and legal responsibility. It is of great significance to further optimize the development environment of the private economy, accelerate the construction of a new development pattern, and promote high-quality development.