The First Session of the 12th National Committee of the CPPCC of China Concludes on March 12th, and the Standing Committee

    The First Session of the 12th National Committee of the CPPCC of China
      Concludes on March 12th, and the Standing Committee Boomed Private
                                Entrepreneurs

PR Newswire

GUANGZHOU, China, March 11, 2013

GUANGZHOU, China, March 11, 2013 /PRNewswire/ -- The National People's
Congress and the Chinese People's Political Consultative Conference of great
concern draws to an end. The first session of the 12^th National Committee of
the CPPCC of China will be concluded on March 12^th. On March 11^th, standing
committee members were selected by the 12^th National Committee of the CPPCC
of China. Two chairmen from two enterprises listed in Hong Kong were selected
as new members. They are Chairman Hui Kayan from Evergrande (3333.HK) and
Chairman Dong Wenbiao from China Minsheng Banking CORP, LTD. It can be said
that the Standing Committee boomed private entrepreneurs. An original report
from Sina Leju follows.

Hui Kayan with Greatest Dignity

The Chinese People's Political Consultative Conference is the supreme
institution for Chinese people for participating in the administration and
discussion of state affairs, which is a characteristic of China. The committee
affairs are organized by the standing committee of the CPPCC National
Committee. Yesterday, 299 standing committee members of the 12^th National
Committee of the CPPCC of China were elected. They are respectively from 33
fields, such as the Communist Party of China (CPC), various democratic
parties, economy, education and associations for friendship with foreign
countries, etc. The National Committee of the CPPCC of China is constituted
with different parties, and its members include leaders at provincial and
ministerial levels. What attracted special attention in this Standing
Committee is that Hui Kayan from Evergrande has been elected as a new member.
Fu Chengyu, Yun Gongmin and Liu Zhenya among representatives from the field of
economy are the captains of state-owned central enterprises. Hui Kayan is
eye-catching, for he is the only one from the economic circle as a private
entrepreneur and a member of the Communist Party of China.

Candidates were under extremely strict political examination before being
selected as standing committee members of the Chinese People's Political
Consultative Conference. A standing committee member is politically qualified
and outstanding in the industry. A representative of private enterprises is
regarded as a model who is politically perfect, and an entrepreneur and member
of the CPC thus becomes a business leader with official recognition. When he
or she is boomed as a dignified businessman, his or her enterprise gains
discourse power in the industry.

Private Enterprises Gain More Recognition

Private economy has long been a subject of controversy in China. When central
enterprises, enjoying various convenient conditions outshine others, the small
and medium-sized private enterprises face plenty of difficulties to their
progress. But today, giant private enterprises rise up to be an important part
of China's economy and society, and emerge as the huge rising spokesmen of
private economy that desires recognition. The selection of representatives of
private enterprises as standing committee members is regarded as the State's
confirmation to the development of private economy, which will help private
enterprises gain precious political resources to catch up with the state-owned
enterprises in terms of market competitiveness and risk resistance capacity.

SOURCE Sina Leju

Contact: Joling, +86-10-5895-1000, 57089497@qq.com
 
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