Liu Yonghao is a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of New Hope Group. He said that enhancing the vitality of the private economy is an important driving force for social transformation and development.
He hopes that national legislation will ensure that private enterprises are treated equally like all other enterprises. "Legislation guarantees the basic rights of private enterprises and regulates their behavior. This is what a society ruled by law must do," Liu Yongha said.